The city's gross domestic product (GDP) in Kunming in 2020 was 673.379 billion yuan, up 2.3 percent year-on-year at comparable prices.

Overall, the city's economy in 2020 showed a steady rebound and continued to improve. In the next stage, Kunming City will anchor the new development goals, implement the new development concept, will focus on making up for the shortcomings of the development, smooth the economic cycle, to maintain the stability of the industrial chain supply chain, and increase the efforts to help enterprises to alleviate the difficulties and people's livelihood, for the city's "14th Five-Year Plan" to start the year off on a good note, and make a good start.

Extended information:

Sub-industry, the city's primary industry in 2020, the added value of 31.235 billion yuan, an increase of 5.6 percent; the second industry added value 210.293 billion yuan, an increase of 1.4%; tertiary industry added value of 431.851 billion yuan, an increase of 2.5%.

Specific to the field, agricultural production to maintain a stable trend. The city's agriculture, forestry, animal husbandry and fishery and agriculture, forestry, animal husbandry and fishery services added value of 31.918 billion yuan, an increase of 5.7%. The total output value of agriculture, forestry, animal husbandry and fishery was 51.950 billion yuan, an increase of 5.7% at comparable prices. Meanwhile, the total grain output was 1,036,500 tons; fresh cut flower output was 7,303 million sticks, an increase of 9.1%; vegetable output was 3,325,700 tons, an increase of 7.8%.

Industry is an important driving force for economic development. Last year, the city's industrial production was basically stable. Among them, the value-added of industries above designated size increased by 0.9 percent year-on-year, with the growth rate 1.7 percent higher than that of the first three quarters. The city's 38 major categories of industries, there are 25 industries in the industrial value added to maintain growth, industry growth surface of 65.8%.

Driven by the overall development, enterprises developed steadily.

In the first 11 months of 2020, the city's total profit of industrial enterprises above designated size amounted to 25.089 billion yuan, an increase of 10.6% year-on-year; the four expenses (sales, management, research and development, and financial expenses) decreased by a total of 4.1%, and the research and development expenses increased by 13.5%.

Kunming Municipal People's Government - Kunming's GDP to grow 2.3% year-on-year in 2020