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Dongguan 2023 first half gdp

Dongguan gdp for the first half of 2023 can be viewed on the official website of the Dongguan Municipal Bureau of Statistics.

In the first half of the year, GDP grew by 5.5% year-on-year, and by 6.3% in the second quarter. the 5.5% growth rate was significantly faster than the economic growth rate of 3% for the whole of last year, and also faster than the epidemic's three-year average annual growth rate of 4.5%, and the upturn of economic growth was more obvious.

The 5.5 percent economic growth rate is a faster rate globally. From the major economies have released data, the first quarter of this year, the United States, the euro zone, Japan, Brazil GDP growth of 1.8%, 1%, 1.9%, 4%, even taking into account the situation in the second quarter of the first half of the overall China's economic growth rate is still the fastest among the major economies.

The 5.5-percent economic growth is the result of structural improvement and optimization of kinetic energy. In terms of demand, economic growth has shifted from being mainly driven by investment and exports last year to being mainly driven by consumption and investment this year. In terms of production, economic growth has shifted from being mainly driven by industry last year to being driven by both the service sector and industry***, with the contribution of the service sector increasing significantly.

Employment in the first half of the year:

First, the scale of employment has steadily expanded. In the first half of the year, 6.78 million people were newly employed in cities and towns nationwide, an increase of 240,000 year-on-year. The labor participation rate of the urban population aged 16 and above has been steadily rising, and the number of urban employment in June was significantly higher than that of the same period of the previous year, with a larger increase in employment in wholesale and retail trade, accommodation and catering, transportation and other industries.

The second is the decline in the urban survey unemployment rate. In the second quarter, the national urban survey unemployment rate averaged 5.2 percent, down 0.3 percentage points from the first quarter. Among them, the national urban survey unemployment rate in June was 5.2 percent, 0.3 percentage points lower than the same period last year. in June, the unemployment rate of urban laborers aged 25-59 was 4.1 percent, already lower than the level in 2019 before the epidemic, and the employment fundamentals remained stable.

Thirdly, the employment of migrant workers has generally improved.In June, the unemployment rate of urban migrant agricultural household laborers was 4.9 percent, at a lower level this year. At the end of the second quarter, there were 187.05 million rural laborers working outside the city, up 3.2 percent year-on-year. This indicates that as the economy recovers, the willingness of workers to enter the labor market in search of work is increasing.

Reference to the above: Dongguan Bureau of Statistics - Dongguan's economic operation in the first half of 2023

Reference to the above: Dongguan Municipal People's Government - What do you think of the 5.5% GDP growth in the first half of the year? Is there a deflationary situation? Authoritative response