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Liaoning demographic analysis and economy overview
Population of Liaoning province has grown from 41.4
million in 1997 to 43 million in 2007, representing
a 3.9% increase over a period of ten 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 58.7% of the population, while rural
residents account for 41.3% of the provincial
population.
Below is the chart of Liaoning total population and trends from year 1997 - 2011:
Liaoning has the largest economy of North Eastern
China, ranking 8th in the country in terms of GDP.
With the success implementation of the "Revitalize
the Northeast" plan in 2003, nominal GDP of Liaoning
has increased by threefold from 358 RMB billion in
1997 to 1, 102 RMB billion in 2007. In 2006,
Liaoning’s retail sales of consumer goods has
reached 344 RMB billion, up 14.5% from the previous
year, thus, ranking fifth in the country. In 2008,
Liaoning’s general budget revenue grew by 32.3%,
thus, reaching 108.2 RMB billion.
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 25, 650 RMB in 2007. In 2005, the
disposable income per capita of urban residents is 9,110 RMB, an increase of
12.8% from 2004, while rural residents' net income per capita is 3,690 RMB,
up 7.3% 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 2007, the manufacturing sector
contributes 47% 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 2007. Major industries within the sector are finance and real
estate industries. Subsequently, the agricultural sector contributes 10% 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:
Liaoning’s total
investment in fixed assets have surged from 99 RMB billion in 1997 to 744
RMB billion in 2007, reflecting a 7.5 times leap over a period of ten 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. In
2009, the provincial government has mapped out plans to develop its service
industry. The goal is to double the industry output to 800 RMB billion by
2012. 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:
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