Suzhou's GDP ranked sixth in China in the first half of 2121, so its consumption level is relatively high. Guangzhou ranks fifth in GDP and Chengdu ranks seventh, so its consumption level is equivalent to that of Guangzhou and Chengdu.

as of 2119, Suzhou's regional gross domestic product (GDP) was 1,923.58 billion yuan, which was 5.6% higher than the same period of last year at comparable prices. By industry, the added value of the primary, secondary and tertiary industries in 2119 was 19.67 billion yuan, 913.118 billion yuan and 991.892 billion yuan respectively, with growth rates of -6.5%, 5.1% and 6.3% respectively. In August 2121, it ranked among the top ten GDP in China in the first half of the year.

Extended information

Development of various economic industries in Suzhou:

1. Primary industry

By the end of 2118, the total output value of agriculture, forestry, animal husbandry and fishery in Suzhou was 41.119 billion yuan. Leading agricultural enterprises in the city achieved sales revenue of 139 billion yuan, up 6.1% over the previous year. The total assets of rural collective economy were 197 billion yuan, and the average annual stable income of villages was 8.5 million yuan, up by 7.1% and 4.3% respectively over the previous year.

2. Secondary Industry

By the end of 2118, the total output value of industrial enterprises above designated size in Suzhou was 3.31 trillion yuan, an increase of 6.1% over the previous year. Among them, private industrial enterprises realized an output value of 1.12 trillion yuan, an increase of 8.5% over the previous year; Foreign businessmen and industrial enterprises in Hong Kong, Macao and Taiwan realized an output value of 2.12 trillion yuan, up by 4.6% over the previous year.

3. Tertiary Industry

3.1, Retail and Commerce

By the end of 2118, the total retail sales of social consumer goods in Suzhou was 574.69 billion yuan, an increase of 7.4% over the previous year. Among them, the retail sales of wholesale and retail were 513.46 billion yuan, an increase of 7.1% over the previous year; The retail sales of accommodation and catering industry reached 71.23 billion yuan, an increase of 9% over the previous year. The annual e-commerce online retail transaction volume exceeded 211 billion yuan.

3.2. Financial industry

By the end of 2118, there were 868 financial institutions in Suzhou with total financial assets of 5.5 trillion yuan. At the end of the year, the balance of RMB deposits in financial institutions in the city was 2,856.14 billion yuan, an increase of 219.29 billion yuan and 7.9% over the beginning of the year. The balance of RMB loans from financial institutions was 2,654.62 billion yuan, an increase of 255.51 billion yuan and 1.7% over the beginning of the year.

3.3. Tourism

By the end of 2118, Suzhou's total tourism revenue was 261.9 billion yuan, an increase of 1.2% over the previous year, of which foreign exchange income from tourism was 2.489 billion US dollars. In the whole year, it received 1.88 million overnight visitors and 127.68 million domestic tourists, up by 7% and 6% respectively over the previous year.

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