Economy of Beijing

The economy of Beijing ranks among the most developed and prosperous cities in China. In 2013, the municipality's nominal gross domestic product (GDP) was CN¥1.95 trillion (US$314 billion). It was about 3.43% of the country's total output, and ranked 13th among province-level administrative units.[1] Per capita GDP, at CN¥93,213 (US$15,051) in nominal terms and Int $21,948 at purchasing power parity, was 2.2 times the national average and ranked second among province-level administrative units.[2]

Skyline of Beijing from the southeast

As of 2021, Beijing's gross regional products was CN¥4 trillion ($965 billion in GDP PPP),[3] ranking among the 10th largest metropolitan economies in the world.[4] Beijing's nominal GDP is projected to reach US$1.1 trillion in 2035, ranking among the top 10 largest cities in the world (together with Shanghai, Guangzhou and Shenzhen in China) according to a study by Oxford Economics,[5] and its nominal GDP per capita is estimated to reach US$45,000 in 2030.[6]

  1. ^ GDP-2013 are quarterly figures according to provisional data of China NBS (China NBS National DATA - quarterly figures (中文) or China Statistical database - Quarterly Data (English) Archived 2015-06-30 at the Wayback Machine); the comparable data of the world economies sources materials from IMF - WEO - Database April 2014; the annual average exchange rate CN¥6.1932 to USD 1 in 2013; for purchasing power parity, CNY 4.247 is equal to intl$.1 in 2013 according to IMF - WEO - Database April 2014.
  2. ^ GDP per capita figures are according to the 2013 Statistical Communiqué of the provinces on National Economic and Social Development Archived 2015-09-06 at the Wayback Machine, The annual average exchange rate is CNY 6.1932 per US dollar; purchasing power parity (PPP) figures are according to April 2014 IMF data. CNY 4.247 is equivalent to Intl. $ 1.
  3. ^ "For first time, Beijing's GDP tops 4 trillion yuan". english.www.gov.cn. Retrieved 2022-01-16.
  4. ^ "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? - Full Size". www.visualcapitalist.com. Retrieved 2022-01-16.
  5. ^ "These will be the most important cities by 2035". World Economic Forum. Retrieved 2020-11-03.
  6. ^ "World's Richest Cities in 2030, and Where Southeast Asian Cities Stand | Seasia.co". Good News from Southeast Asia. Retrieved 2020-11-03.

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