Economy

en.thnet.gov.cn Updated: February 7, 2024

Guangzhou's Tianhe district realized 655.13 billion yuan ($91.24 billion) in its regional GDP in 2023, with a year-on-year growth rate of 5.1 percent.

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Tianhe district. [Photo/WeChat account: tianhefabu]

The added value of Tianhe's primary industry was 277 million yuan, increasing by 27.6 percent. In comparison, its secondary industry was 47.05 billion yuan, up 8 percent, and its tertiary industry was 607.8 billion yuan, up 4.8 percent.

Last year, the added value of Tianhe's modern service industry reached 467.29 billion yuan, up by 4.7 percent and accounting for 71.3 percent of the district's GDP. Of them, the added value of the financial industry grew by 7.9 percent.

The strategic emerging industries in the district realized 189.85 billion yuan in added value, increasing by 3.7 percent. It comprised 29 percent of the district's GDP, an increase of 0.4 percentage points year-on-year.

Tianhe finished 2023 with 215.28 billion yuan in total retail sales of consumer goods, a year-on-year increase of 6.2 percent, while the revenue of culture, sports, and entertainment enterprises above the designated size saw an increase of 69.8 percent.

The 145 district-level key construction projects completed a total investment of 53.68 billion yuan, 18.89 percent more than the district's annual target. The fixed-asset investment exceeded 70 billion yuan, rising by 20 percent.