Tibet Autonomous Region, home to seven distinct regions, including Lhasa, Shigatse, Chamdo, Nyingchi, Lhokha, Nakchu, and Ngari, forms a diverse economic tapestry.
GDP Performance: A Resilient Soar Amidst Challenges
In the initial three quarters of 2023, Tibet’s GDP soared to 162.859 billion yuan, boasting a robust 9.8% surge in constant prices, outpacing the national average by 4.6 percentage points. Nominal growth stood impressively at 11.49%, surpassing the national average by 4.91 percentage points.
Sector-wise Breakdown: Powering Growth Across Sectors
Primary Industry: Nurturing Growth
The primary sector contributed an added value of 11.69 billion yuan, showcasing a remarkable 10.4% year-on-year increase.
Secondary Industry: Surging Ahead
The secondary sector exhibited substantial growth, witnessing a year-on-year increase of 12.0%, amassing a total of 63.679 billion yuan.
Tertiary Industry: Driving Progress
The tertiary sector played a pivotal role, contributing 87.49 billion yuan and marking an 8.5% year-on-year growth.
City-wise Analysis: Unveiling Economic Hubs
Lhasa: The Economic Powerhouse
Lhasa’s GDP, reaching 58.833 billion yuan, constitutes 36.13% of Tibet’s total. It achieved a 9.8% real growth rate, echoing the overall regional performance.
Shigatse: A Strong Contender
Securing the second position, Shigatse’s GDP reached 27.192 billion yuan in the first three quarters of 2023.
Chamdo: A Rising Star
Chamdo secured the third position in the region, with a total GDP of 20.566 billion yuan.
Nyingchi, Lhokha, Nakchu, Ngari: Driving Growth
Nyingchi, Lhokha, Nakchu, and Ngari contributed significantly to the regional economy, showcasing growth rates ranging from 9.6% to 10.3%.
Overall Regional Trend: Accelerated Recovery Across the Board
In the first three quarters of 2023, all cities in Tibet experienced approximately 10% economic GDP growth, indicating a trend of accelerated recovery. Lhasa’s dominance in both GDP share and growth rate underscores its pivotal role in the region’s economic landscape.
Conclusion: Resilience and Growth Define Tibet’s 2023 Economy
This economic snapshot portrays the resilience and growth of Tibet’s economy in 2023. For deeper insights and real-time updates, engage with us by commenting and following. If you found this article insightful, show your support by liking and recommending it below. Thank you for your valuable time.
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