Economy, jobs and prices in Shandong, China: official figures
The gross regional product (GRP, the regional equivalent of GDP) of Shandong was 9.86 trillion yuan in 2024 (98,566 hundred million yuan at current prices), 3rd highest of 31 provincial-level divisions.
How much of China's economy is Shandong?
Shandong produced 7.4% of the combined 2024 output of all 31 provincial-level divisions (134.03 trillion yuan).
Source: National Bureau of Statistics of China · saved copyWhat is the GDP per person in Shandong?
GRP per person in Shandong was 97,575 yuan in 2024, 2% above the average of all 31 divisions combined (95,309 yuan). That is 11th highest of 31 provincial-level divisions.
Source: National Bureau of Statistics of China · saved copyHow fast is the economy of Shandong growing?
After adjusting for price changes, the economy of Shandong grew by 5.7% in 2024 over 2023 (index 105.7 with the previous year at 100), joint 8th highest of 31 for growth among the provincial-level divisions.
Source: National Bureau of Statistics of China · saved copyWhat are the main industries in Shandong?
In 2024 the services (tertiary) sector made up 53.1% of the output of Shandong, industry and construction (secondary) 40.2%, and farming, forestry and fishing (primary) 6.7%.
Source: National Bureau of Statistics of China · saved copyHow big is industry in Shandong?
Industry (mining, manufacturing and utilities) added 3.19 trillion yuan to the economy of Shandong in 2024, 32.4% of GRP; construction added 796.5 billion yuan (8.1%).
Source: National Bureau of Statistics of China · saved copyHow big is trade and transport in Shandong?
Wholesale and retail trade added 1.40 trillion yuan (14.2% of GRP) and transport, storage and post added 446.0 billion yuan (4.5%) in Shandong in 2024.
Source: National Bureau of Statistics of China · saved copyHow big is the financial sector in Shandong?
Financial intermediation added 489.3 billion yuan in Shandong in 2024 (5.0% of GRP) and real estate added 518.3 billion yuan (5.3%).
Source: National Bureau of Statistics of China · saved copyHow important is farming in Shandong?
Agriculture, forestry, animal husbandry and fishery added 720.0 billion yuan to the economy of Shandong in 2024 (7.3% of GRP).
Source: National Bureau of Statistics of China · saved copyWhat is the average income in Shandong?
Per capita disposable income of households in Shandong was 42,077 yuan in 2024, 2% above the national average (41,314 yuan) and 9th highest of 31 provincial-level divisions. This is the income households have left to spend or save after tax and social contributions.
Source: National Bureau of Statistics of China · saved copyHow fast are incomes rising in Shandong?
Per capita disposable income in Shandong rose from 31,597 yuan in 2019 to 42,077 yuan in 2024, an increase of 33% in cash terms (nationally 34%). The yearbook figures are not adjusted for inflation.
Source: National Bureau of Statistics of China · saved copyHow much did income per person change in Shandong since 2018?
Per capita disposable income in Shandong was 29,205 yuan in 2018, 35,705 yuan in 2021 and 42,077 yuan in 2024; the national figures were 28,228 yuan, 35,128 yuan and 41,314 yuan.
Source: National Bureau of Statistics of China · saved copyHow Shandong compares with other provinces
GDP per person (GRP per capita) (2024)
Shandong ranks 11 of 31, highest first. Gross regional product per person, yuan, current prices
| Rank | Region | GDP per person (GRP per capita) |
|---|---|---|
| 8 | Inner Mongolia | 110,011 yuan |
| 9 | Hubei | 102,832 yuan |
| 10 | Chongqing | 100,903 yuan |
| 11 | Shandong | 97,575 yuan |
| 12 | Shaanxi | 89,915 yuan |
| 13 | Anhui | 82,694 yuan |
| 14 | Hunan | 81,225 yuan |
Real economic growth (2024)
Shandong ranks 8 of 31, highest first. Growth in GRP at constant prices, 2024 over 2023
| Rank | Region | Real economic growth |
|---|---|---|
| 5 | Anhui | 5.8% |
| 6 | Hubei | 5.8% |
| 7 | Gansu | 5.8% |
| 8 | Shandong | 5.7% |
| 9 | Chongqing | 5.7% |
| 10 | Sichuan | 5.7% |
| 11 | Zhejiang | 5.5% |
Disposable income per person (2024)
Shandong ranks 9 of 31, highest first. Per capita disposable income of households, yuan
| Rank | Region | Disposable income per person |
|---|---|---|
| 6 | Tianjin | 53,581 yuan |
| 7 | Guangdong | 51,474 yuan |
| 8 | Fujian | 47,857 yuan |
| 9 | Shandong | 42,077 yuan |
| 10 | Inner Mongolia | 40,077 yuan |
| 11 | Liaoning | 39,844 yuan |
| 12 | Chongqing | 39,713 yuan |
More on Shandong: overview · health · education and schools · poverty and living standards · government budget · China
Sources
- National Bureau of Statistics of China: China Statistical Yearbook 2025, Table 3-9: Gross Regional Product (2024), read 23 October 2026 · saved copy (SHA-256 a9264dcab644…)
- National Bureau of Statistics of China: China Statistical Yearbook 2025, Table 6-18: Per Capita Disposable Income of Households by Region, read 23 October 2026 · saved copy (SHA-256 5ecda4c527e6…)
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