Preliminary Accounting Results of GDP for the First Quarter of 2024

2024-04-18 09:30 Print| Large| Medium| Small

Based on relevant basic data and accounting methods for gross domestic product (GDP), the results of the preliminary accounting of China's GDP in the first quarter of 2024 are as follows:

Preliminary Accounting Results of GDP for the First Quarter of 2024

Absolute Value (100 million yuan)

Growth Rate over the Same Period Last Year (%)

GDP

296299

5.3

Primary industry

11538

3.3

Secondary industry

109846

6.0

Tertiary industry

174915

5.0

Agriculture, forestry, animal husbandry and fishery

12295

3.5

Industry

96426

6.0

#Manufacturing

80143

6.4

Construction

13978

5.8

Wholesale and retail trades

29543

6.0

Transport, storage and post

13532

7.3

Hotels and catering services

4892

7.3

Financial intermediation

26812

5.2

Real estate

17736

-5.4

Information transmission, software and information technology services

15881

13.7

Leasing and business services

11232

10.8

Others

53974

3.8

Notes:

1. Absolute value is calculated based on current prices, and the growth rate is calculated based on constant prices;

2. Three industries are classified on the basis of Three Industries Classification Regulations enacted in 2018 by the NBS of China.

3. The National Industrial Classification of All Economic Activities (GB/T4754-2017) was performed for the industrial classification of national economic activities;

4. Due to numerical rounding errors, among the total GDP and its data composition, some of the data may not be equal to the sum of each sector (industry), and no mechanical adjustments have been made.

The Y/Y Growth Rate on GDP

Unit: %

Q1

Q2

Q3

Q4

2019

6.3

6.0

5.9

5.8

2020

-6.9

3.1

4.8

6.4

2021

18.7

8.3

5.2

4.3

2022

4.8

0.4

3.9

2.9

2023

4.5

6.3

4.9

5.2

2024

5.3

Note: The year-on-year growth rate refers to the growth rate over the same period last year.

The Q/Q Growth Rate on GDP

Unit: %

Q1

Q2

Q3

Q4

2019

1.6

1.4

1.4

1.3

2020

-10.4

11.4

3.4

2.7

2021

0.5

1.4

0.6

1.8

2022

0.4

-2.1

4.0

0.8

2023

1.8

0.5

1.8

1.2

2024

1.6

Note: The quarter-on-quarter growth rate refers to the seasonally adjusted growth rate over the previous quarter.

Refer to NBS database (http://data.stats.gov.cn) for more accounting results.