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Hainan demographic analysis and economy overview
Hainan province is the smallest province in China.
Total population of Hainan has grown from 7.4
million in 1997 to 8.5 million in 2007, representing
a 14.9% growth over a period of ten years. Among the
population, more than 1.3 million are ethnic
minorities. In terms of population, the Li are the
largest original group in Hainan.
Below is the chart of Hainan total population and trends from year 1997 - 2009:
Being China’s largest Special Economic Zone, nominal
GDP of Hainan province has been increasing steadily
from 41 RMB billion in 1997 to 122.3 RMB billion in
2007, reflecting a threefold increase over the
years. Hainan's pillar industries include:
agriculture, tourism, petrochemical industry,
electronics and information, and marine
bio-pharmaceutical industry.
Below is the chart of nominal GDP and trends of Hainan province from year 1997 - 2009:
Hainan’s nominal
GDP per capita has risen from 5, 500 RMB in 1997 to 14, 400 RMB in 2007,
representing a 2.6 times increase over the years. In 2005, the disposable
income per capita of urban residents is 8,100 RMB- an increase of 8.7% from
2004, while rural residents net income per capita is 3,000 RMB, experiencing
a growth of 6.6% from the previous year. Non-material aspect of standard of
living has also been raised as Hainan's top priority has been targeting at
environmental preservation while developing its economy. This would provide
sustainable development while the province develops its circular economy.
Below is the chart of Hainan nominal GDP per capita and trends from year 1997 - 2009:
In 2007, service
sector constitutes the major portion of Hainan’s GDP amounting to 41% of the
total GDP. The service sector comprises of one of the pillar industries of
Hainan- tourism. In 2007, Hainan received a total of18 million tourists from
both inland and abroad, ranking among the top travel destinations in China.
This also reflects the booming tourism industry of the Hainan province.
Through structural adjustments, Hainan's status as a national vegetable
production base has been strengthened greatly. In 2007, the agricultural
sector has contributed to 29% of the GDP of the Hainan province.
Below is the chart of Hainan GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2009:
Total investments
in fixed assets of Hainan province has climbed from 16 RMB billion in 1997
to 50 RMB billion, representing a 3.1 times growth over a period of ten
years. One major aspect that investors can consider is the development in
the tourism sector. One of Hainan’s goals is to establish the province as an
international travel island. In April 2008, the State Council has approved a
proposal from the Hainan government to ramp up the island's efforts to
become an "international-standard island resort", by allowing the local
government to make changes to draw more foreign visitors. This would bring
about tremendous scope of opportunities for investors. Other prospective
aspects include: maritime industries, service industries, infrastructures,
development and application of biological technology, information
technology, environmental protection technology, new materials and new
energy etc.
Below is the chart of Hainan total investment in fixed assets and trends from year 1997 - 2009:
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