Kunming’s GDP stands at 187 billion yuan in Q1

Updated: April 26, 2022

Kunming, capital of Southwest China’s Yunnan province, is pursuing progress while maintaining stability and taking solid steps to ensure stability on six key fronts and security in six key areas.

It responded to Covid-19 and pursued economic and social development in a well-coordinated way and its economy continued to recover and grow. Its gross domestic product (GDP) reached 187.55 billion yuan($28.65 billion) in the first quarter of this year, according to the municipal statistics bureau.

The respective added values of Kunming’s primary, secondary and tertiary industries stood at 6.32 billion yuan, 52.41billion yuan, and 128.82 billion yuan, up 3.9 percent, 4.2 percent and 2.7 percent.

The added value of industrial enterprises above a designated size rose 3.7 percent, climbing 4.1 percentage points from the first two month period. Among them, the mining industry soared 17.0 percent and the manufacturing sector went up 4.2 percent.

Key industries have played important role in stabilizing economic growth, among which tobacco products and petroleum, coal and other fuel processing industries increased by 13.5 percent and 35.2 percent respectively.

In the first quarter, the city's fixed asset investment rose by 9.4 percent year-on-year, which was 9.2 percentage points higher than that in January-February. In addition, investment in key areas such as new materials and the coal industry maintained high momentum.

Due to the impact of COVID-19, total retail sales of consumer goods were 74.97 billion yuan, up 2.1 percent year on year. Kunming saw its general public budget revenue rise to 17.87 billion yuan, up 1.3 percent compared to the same period of last year.