Economy of Guangdong

Guangzhou is the capital of the province of Guangdong.
Shenzhen is one of the Special economic zones of China.

The economy of Guangdong is one of the most prosperous in China. Guangdong is located in southern China, bordering on Fujian Province to the east, Hunan Province to the north, Guangxi Autonomous Region to the west and the special administrative regions of Hong Kong and Macau to the south. It is also the largest economy of a sub-national entity in terms of GDP (almost US$2.0 trillion[1] as of 2021) in all of Asia and 3rd largest sub-national entity in the world.

In 2021, the gross regional product (GRP) is about $1.95 trillion,[2] with its per capita GDP of 98,700 RMB ($15,570 in nominal and $ 23,598 in PPP).[3] Guangdong has been the largest province by GDP since 1989 in Mainland China.[4] In 2021, Guangdong's GDP was slightly larger than South Korea, the world's tenth largest economy.[5] Guangdong's GDP by nominal is greater than the GDPs of all other BRICS states, except India.[6]

By Purchasing power parity (PPP) term, as of 2021, Guangdong's economy has a gross regional product (GRP) of $2.98 trillion,[7] ranking between the United Kingdom and Italy with a GDP of $3.34 trillion and US$ $2.71 trillion respectively, the 10th and 11th largest in the world respectively.[8]

  1. ^ "省十三届人大五次会议开幕 李玉妹主持 王伟中作政府工作报告 李希黄楚平王荣等出席 广东省人民政府门户网站". Archived from the original on 2022-12-10. Retrieved 2022-02-06.
  2. ^ "GLOBALink | China's economic powerhouse Guangdong reports robust GDP growth in 2021". english.news.cn. Retrieved 2022-09-14.
  3. ^ "Decoding China's 2021 GDP Growth Rate: A Look at Regional Numbers". China Briefing News. 2022-02-07. Retrieved 2022-09-13.
  4. ^ "省十三届人大五次会议开幕 李玉妹主持 王伟中作政府工作报告 李希黄楚平王荣等出席 广东省人民政府门户网站". www.gd.gov.cn. Retrieved 2022-01-27.
  5. ^ "GDP (current US$) – Korea, Rep. | Data". data.worldbank.org. Retrieved 2022-09-13.
  6. ^ "GDP (current US$) – Russian Federation, Brazil, South Africa, India | Data". data.worldbank.org. Retrieved 2022-09-13.
  7. ^ "Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? – Full Size". www.visualcapitalist.com. Retrieved 2022-01-27.
  8. ^ "GDP, PPP (current international $) – United Kingdom, Italy | Data". data.worldbank.org. Retrieved 2022-09-13.

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