Liaoning demographic analysis and economy overview
Population of Liaoning province has grown from 41.4
million in 1997 to 43.8 million in 2011, representing
a 5.9% increase over a period of 15 years. There
are 43 minority groups such as the Man, Mongolian, Hui, Manchu and Korean nationalities in the
province, accounting for 16% of the total provincial
population. Urban residents account for
approximately 65.7% of the population, while rural
residents account for 34.3% of the provincial
Below is the chart of Liaoning total population and trends from year 1997 - 2011:
Liaoning has the largest economy of North Eastern
China, ranking 7th in the country in terms of GDP.
With the success implementation of the "Revitalize
the Northeast" plan, nominal GDP of Liaoning
has increased by sixfold from 358 RMB billion in
1997 to 2,223 RMB billion in 2011.
Below is the chart of nominal GDP and trends of Liaoning province from year 1997 - 2011:
Similar to the
province’s nominal GDP, nominal GDP per capita of Liaoning province has
tripled from 8,660 RMB in 1997 to 50,710 RMB in 2011. In 2012, the
disposable income per capita of urban residents is 23,223 RMB, an increase of
10.3% after deduction of inflation from 2011, while rural residents' net income per capita is
up 10.3% after deduction of inflation from the previous year. These indicators have reflected the steady
improvements that have made to the living standards of the population of the
province over the years.
Below is the chart of Liaoning nominal GDP per capita and trends from year 1997 - 2011:
Liaoning is a
major industrial province in China. In 2011, the manufacturing sector
contributes 48% to the provincial GDP. Liaoning’s pillar industries include:
petrochemicals, metallurgy, electronics and machinery industries. In recent
years, the service sector has become an significant employment channel and
source of fiscal income for the province. The service sector contributes 37%
to the GDP in 2011. Major industries within the sector are finance and real
estate industries. Subsequently, the agricultural sector contributes 9% to
the provincial GDP while the construction sector makes up to 6%.
Below is the chart of Liaoning GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2011:
investment in fixed assets have surged from 99 RMB billion in 1997 to 1,773
RMB billion in 2011, reflecting a 18 times leap over a period of 15 years.
Dalian and Shenyang are the two most popular cities for investments in
Liaoning province. Multinational companies such as General Electric,
Siemens, Mitsubishi, Toshiba and Sanyo have already invested in Liaoning. New service industries such as logistics, information technology and
commercial services, are strongly encouraged by the government, thus,
sending positive signals to would- investors to invest in the province.
Below is the chart of Liaoning total investment in fixed assets and trends from year 1997 - 2011: