Shandong Economy

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Shandong Economy

GDP of Shandong for 2009 amounted to 3380.53 billion yuan despite the Financial crisis in 2008, up 11.9% from the previous year. The primary industry yielded a value added of 322.66 billion yuan, up 4.2% from the previous year; the secondary industry, 1903.5 billion yuan, a growth of 13.7%; the tertiary industry, 1154.37 billion yuan, a growth of 10.7%.

The provincial revenue was 219.85 billion yuan, an increase of 12.3% over the previous year. Provincial expenditure was 326.68 billion yuan, a growth of 20.8%. CPI remained at the same level with the previous year.

Fixed asset investment was valued at 1903.1 billion yuan, up 23.3% from the previous year.

The total agricultural output value was 188.34 billion yuan, up 2.7% from the previous year. The industrial added value totaled 1884.78 billion yuan, an increase of 14.9%.

Shandong EconomyThe total added value from high-tech industries for the year stood at 2355.87 billion yuan, up 18.2%. The output value of high-tech industries accounted for 32.9% of the province's total industrial output value.

The construction added value was 457.83 billion yuan, up 19.8%.

The annual volume of goods handled by various modes of transportation was 2.81 billion tons, up 16.4%, while annual passenger flow reached 2.34 billion, up 9.8%.

The annual turnover of postal operations totaled 6.52 billion yuan, 9.8% up from the previous year. The annual turnover of telecom services was 158.68 billion yuan, up 11.3%.

The annual turnover from retail sales reached 1236.3 billion yuan, an increase of 19.1% from the previous year.

Revenue from tourism stood at 245.22 billion yuan, up 22.3%.

The annual value of imports and exports totaled US$138.6 billion, a decrease of 12.4% from the previous year. Overseas project and labor contracts signed during the year were valued at US$8.51 billion, up 28.4%. Business turnover for the year totaled US$4.25 billion, an increase of 55.9% from the previous year. The foreign direct investment realized in monetary terms was US$8.01 billion, a decrease of 2.3%.

Shandong Economy

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