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Top 10 Chinese provincial regions with strongest GDP in 2020

investinchina.njylgcgl.org Updated: 2021-02-09

The world's second-largest economy grew by 2.3 percent in 2020, and it is likely to be the only major economy to have achieved annual growth, according to the National Bureau of Statistics.

Breaking through the 11 trillion yuan ($1.71 trillion) threshold, Guangdong has retained its place as the province with the highest GDP in China for 32 years in a row. This figure exceeds the GDP of more than 90 percent of the world's countries. It is close to that of South Korea and equal to the sum of the GDPs of Switzerland, Singapore, Argentina and Ukraine.

Jiangsu comes in second place after south China's Guangdong, with a GDP surpassing 10 trillion yuan. The per capita GDP in Jiangsu reached 125,000 yuan ($19,230) last year, ranking first among all provincial-level regions in China.

In terms of city clusters, the Yangtze River Delta again assumed the leading position. In 2020, the total economic output of one city and three provinces in the Yangtze River Delta was 24.47 trillion yuan, accounting for 24.1 percent of the national total, contributing nearly a quarter of the country's economic output.

In 2020, a total of 20 provinces outperformed the national economic growth rate of 2.3 percent. These 20 provinces were Tibet, Xinjiang, Guizhou, Yunnan, Hebei, Chongqing, Gansu, Ningxia, Sichuan, Guangxi, Jiangsu, Zhejiang, Shandong, Hainan, Fujian, Anhui, Hunan, Jiangxi, Shanxi and Jilin.

Let's take a look at the top 10 provincial regions with the strongest GDPs in 2020.

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