Economy of Guangdong

The economy of Guangdong is one of the most prosperous in China. Guangdong is located in southern China, bordering on Fujian Province to the east, Hunan Province to the north, Guangxi Autonomous Region to the west and the special administrative regions of Hong Kong and Macau to the south. It is also the largest economy of a sub-national entity in terms of GDP (almost US$2.0 trillion^[1] as of 2021) in all of Asia and 3rd largest sub-national entity in the world.

In 2021, the gross regional product (GRP) is about $1.95 trillion,^[2] with its per capita GDP of 98,700 RMB ($15,570 in nominal and $ 23,598 in PPP).^[3] Guangdong has been the largest province by GDP since 1989 in Mainland China.^[4] In 2021, Guangdong's GDP was slightly larger than South Korea, the world's tenth largest economy.^[5] Guangdong's GDP by nominal is greater than the GDPs of all other BRICS states, except India.^[6]

By Purchasing power parity (PPP) term, as of 2021, Guangdong's economy has a gross regional product (GRP) of $2.98 trillion,^[7] ranking between the United Kingdom and Italy with a GDP of $3.34 trillion and US$ $2.71 trillion respectively, the 10th and 11th largest in the world respectively.^[8]