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GDP of Shanghai, China 2010-2019

In 2019, the gross domestic product (GDP) of Shanghai municipality in China amounted to approximately 3.82 trillion yuan. Shanghai is the most populous city in China and has the largest GDP of all Chinese cities. It is located in Eastern China on the southern estuary at the mouth of the Yangtze river.

Development of GDP in Shanghai

The GDP of Shanghai has previously grown at a high pace, but economic development has gradually lost momentum over the years. GDP growth in Shanghai, which developed very close to national figures in recent years, ranged at six percent in 2019. From a sectoral point of view, the tertiary sector of the economy displayed the highest growth rates in past years and services already account for nearly 70 percent of the value added to the GDP. In contrast, the share of the industrial sector, which had once been of great importance to Shanghai, is shrinking constantly. Branches in the service sector of the economy that experienced the fastest development were financial intermediation and information industries.

Per capita GDP in Shanghai

Set in relation to the population size of the city, the economic success of its inhabitants becomes apparent. Per capita GDP of Shanghai citizens exceeded 20,000 U.S. dollars on average for the first time in 2019, which is in the global middle field and well above the average in East Asia. However, when comparing it to other cities or regions, it has to be taken into account that the administrative area of Shanghai municipality is quite large and includes distant suburbs as well as villages on agrarian land. For this reason, Shanghai’s per capita GDP is quite high and only second to Beijing when it is compared on a provincial level in mainland China. However, when compared on a city level, with other Chinese cities often having smaller administrative areas not including distant suburbs, Shanghai’s per capita GDP ranks only within the leading 20 cities.

Gross domestic product (GDP) of Shanghai municipality in China from 2010 to 2019

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Source

Release date

March 2020

Region

Asia, China

Survey time period

2010 to 2019

Supplementary notes

*Figure for 2018 has been revised. For years prior to 2018, revised data has not been provided by the source yet.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of April 2020).
Values apply to all districts of the Shanghai municipality as a whole, not only the urban areas of Shanghai city.
Figures for earlier years have been taken from previous publications.
Values have been rounded.

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Statistics on "Shanghai"

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