What share of the economy does the Shanghai government collect and spend?

Local budget revenue was 15.5% of GDP in Shanghai in 2024 (the highest of the 36 cities); local spending was 18.3% of GDP (5th highest of the 36 cities).

Government budget and revenue in Shanghai, China: official figures

Shanghai's local general public budget revenue was 837.4 billion yuan in 2024, the highest of the 36 cities.

How much does the Shanghai government spend?

Shanghai's local general public budget spending was 987.5 billion yuan in 2024, the highest of the 36 cities.

Source: National Bureau of Statistics of China · saved copy

Does the Shanghai government spend more than it collects?

Spending in Shanghai was 150.1 billion yuan more than local budget revenue in 2024 (spending was 1.18 times revenue).

Source: National Bureau of Statistics of China · saved copy

How much money do people in Shanghai have in the bank?

Households in Shanghai held 6.39 trillion yuan in bank deposits at the end of 2024, 2nd highest of the 36 cities.

Source: National Bureau of Statistics of China · saved copy

How Shanghai compares with other cities in China

Local general public budget revenue (2024)

Shanghai ranks 1 of 4, highest first.

Rank	City	Local general public budget revenue
1	Shanghai	837 billion yuan
2	Beijing	637 billion yuan
3	Chongqing	260 billion yuan
4	Tianjin	213 billion yuan

Source: National Bureau of Statistics of China · saved copy

Local general public budget spending (2024)

Shanghai ranks 1 of 4, highest first.

Rank	City	Local general public budget spending
1	Shanghai	988 billion yuan
2	Beijing	840 billion yuan
3	Chongqing	562 billion yuan
4	Tianjin	363 billion yuan

Source: National Bureau of Statistics of China · saved copy

Household bank deposits (2024)

Shanghai ranks 2 of 4, highest first.

Rank	City	Household bank deposits
1	Beijing	7,040 billion yuan
2	Shanghai	6,391 billion yuan
3	Chongqing	3,188 billion yuan
4	Tianjin	2,407 billion yuan

Source: National Bureau of Statistics of China · saved copy

More on Shanghai: overview · economy and jobs · all cities in China

Sources

National Bureau of Statistics of China: China Statistical Yearbook 2025, table 25-2: Main indicators of provincial capitals and cities with independent planning authority (2024), read 28 October 2026 · saved copy (SHA-256 dbc74da5294a…)

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