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Guangdong demographic analysis and economy overview
In 2007, Guangdong’s population is 94.5 million,
second only to Henan province. Total population in
Guangdong has grown from 70.5 million in 1997 to
94.5 million in2007, representing a 34% increase
over a period of ten years. Currently, Guangdong
faces the problems of burgeoning population. This
has exerted increasing pressure on several aspects
of the province such as: education, employment,
social welfare, medical care and housing.
Below is the chart of Guangdong total population and trends from year 1997 - 2009:
In the late 1970s, Guangdong was chosen to pilot
China’s reform and opening-up drive. It has
benefited the most from the market-oriented
campaign. Currently, Guangdong is the biggest GDP
contributor on the Chinese mainland. Nominal GDP of
Guangdong has jumped from 731 RMB billion in 1997 to
3, 108 RMB billion in 2007, reflecting a four times
leap during this period of time. Nominal GDP is
expected to continue to rise as Guangdong
intensifies efforts in developing new markets in
Africa, ASEAN, Middle East and South America.
Below is the chart of nominal GDP and trends of
Guangdong province from year 1997 - 2009:
Nominal GDP per
capita of Guangdong has risen from 10, 375 RMB in 1997 to 32, 897 RMB in
2007, representing a threefold increase over a period of ten years.
Financial revenue and local budget revenue of 2007 have up by 34.7% and
28.0% respectively relative to 2006. Nominal GDP per capita is expected to
carry on rising as Guangdong further established trade exchanges with more
than 200 countries and regions over the world. Furthermore, with increasing
efforts in reform and opening up of the province’s market economic system,
Guangdong’s import and export oriented economies have developed rapidly,
leading to further growth of the economy in the next period.
Below is the chart of Guangdong nominal GDP per capita and trends from year 1997 - 2009:
In 2007, the
manufacturing sector is one of the major contributors to the total nominal
GDP of the province. Nearly half-48% of the nominal GDP is derived from the
manufacturing sector, reflecting the significance to the economy of both the
province and the country. Guangdong’s nine pillar industries includes:
electronics and information, electrical appliances and machinery,
petrochemicals, garment and textile, food and beverage, construction
material, papermaking, pharmaceuticals, and automobiles. Besides,
biomedicine has also placed increasing significance in the manufacturing
sector output. Subsequently, the service sector contributes 43% to the total
GDP.
Below is the chart of Guangdong GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2009:
Guangdong’s total
investments in fixed assets has quadrupled from 229 RMB billion in 1997 to
929 RMB billion in 2007. Factors such as sufficient electricity supply,
convenient transportation and advanced telecommunication network have served
as alluring incentives for investors to set up enterprises in Guangdong.
From 2003 to 2008, 584 RMB billion has been invested in 292 key projects
which greatly enhanced the telecommunication, transportation, and power
infrastructures. In addition, in 2008, the overall length of expressway
nearly doubled that of 2002, connecting all the counties and cities within
Guangdong, forming economic and social networks. There are vast prospects in
the areas of electronics, biomedicine, software and integrated circuits,
heavy chemical projects and environmental protection projects for investors
to tap on.
Below is the chart of Guangdong total investment in fixed assets and trends from year 1997 - 2009:
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