Economy Value 

The preliminary estimation indicated that the gross regional product (GDP) in Xiamen had amounted to 4,35.118 billion yuan by the end of 2017, an year-on-year rise of 7.6 percent at comparable prices. Specifically, the added value of the primary industry was 2.323 billion yuan, increasing by 2.1 percent; that of the secondary industry was 181.592 billion yuan, an increase of 7.2 percent; and that of the tertiary industry was 251.203 billion yuan, up 7.9 percent. The ratio of these three industry structures was 0.5:41.7:57.8. The per capita GDP calculated at permanent residence was 109.74 thousand yuan (US$ 16,253), up by 5.5 percent. While 572.05 kWh of electricity and 9.32 tons of water were consumed per 10 thousand yuan worth of GDP, 35.63 kWh and 0.6 tons lower than last year respectively.


Fiscal Revenue & Expenditure

The year 2017 saw Xiamen’s public budgetary revenue reached RMB 118.729 billion with a year-on-year increase of 9.6 %, among which the local fiscal revenue had increased 11.0 present to 69.678 billion yuan. The tax collected in the local revenue rose to 56.343 billion yuan with an increase of 10.9 percent, among which VAT of declined by 1.9% to 18.332 billion yuan, while the corporate income tax of 11.261 billion yuan, personal income tax of 5,366 million yuan and land appreciation tax of 9,482 million yuan, posting a year-on-year growth rate of 11.2%, 31.2%, 24.1% respectively.

The fiscal expenditure for the year was 81.189 billion yuan, up by 7.0% over the previous year. Of this total, expenditure on education was RMB 12.652 billion, increasing by 16.0 %; that on science and technology was RMB 2,341 million, up by 10.0%; that on urban and rural community services was RMB 18.558 billion, up 31.5 %; that on social security and employment was RMB 5,753 million, going up by 17.3 %; that on health care and family planning was RMB 5,450 million, up by 9.6 %.


Price 

 In 2017, the consumer goods price for all residents grew by 2.0 % (see Table 1), among which the price went up by 4.5 % in service areas and up by 0.4 % in consumer goods.

The ex-factory price index for industry producer was 102.1. Specifically, the ex-factory prices for light industrial products rose by 3.6 % and those for heavy industrial went up by 1.4 %. Grouped by two typical categories, the ex-factory prices for means of production increased by 2.3 %, of which the prices in raw materials went up 8.1 % and processing goods rose by 1.7 %. And the ex-factory price for subsistence rose by 1.5 %, among which the ex-factory price for durable consumer goods, clothing and general daily used articles grew by 4.4%, 0.8 % and 0.7% respectively, though that for food went down by 0.8 %.


  

Table 1  2017 Consumer Price Index for All Residents

All Items

Index(Last year=100)

Consumer Price Index

102.0

Of which: Food, tobacco, liquor and articles

100.0

Of which: Food

99.1

Grain

97.9

Edible oil

98.0

Vegetables

87.3

Livestock meat

100.6

Poultry meat

103.9

Aquatic products

104.4

Egg

97.6

Dry and fresh fruits

99.2

Of which: Tobacco, Liquor and Articles

101.3

Of which: Outdoor eating food

101.9

Of which: Clothing

97.8

Of which: Housing

104.3

Of which: Household Facilities and Services

102.2

Of which: Transportation and Communication

100.5

Of which: Recreation, Education, Culture Articles

101.7

Of which: Health Care and Personal Articles

108.0

Of which: Other Articles and services

107.3


Districts Economy

An analysis by regions showed that the gross domestic product (GDP) of Siming district reached 132.186 billion yuan, up by 7.8 % over the previous year; that of Huli district rose to 95.407 billion yuan, up by 8.7 %; that of Haicang district reached 60.915 billion yuan, up by 5.2 % ; that of Jimei district increased to 61.997 billion yuan, up by 6.5 % ; that of Tong’an district went up to 37.88 billion yuan, a growth of 9.0 %; and that of Xiang’an district arrived at 46.734 billion yuan, up by 8.0% year on year.

The total added value of the industrial enterprises in different districts were as follows: Siming district rose by 8.6% year on year to 6,908 million yuan; Huli district increased 8.3% to 34.745 billion yuan; Haicang district grew by 5.2% to 30.688 billion yuan; Jimei district surged by 9.3% to 23.517 billion yuan; Tong’an district rose by 11.0% to 18.707 billion yuan; and Xiang’an district expanded by 8.2% to 29.152 billion yuan.

For the whole year, the total retail sales of consumer goods from Siming district was 52.986 billion yuan, that from Jimei district was 12.939 billion yuan, that from Tong’an district was 20.994 billion yuan and that from Xiang’an district was 6,389 million yuan, contributing to a year-on-year increase of 8.3%, 13.2%, 109.0%, 13.6% respectively. While that from Huli district was 36.442 billion yuan, decelerating by 0.4%, and that from Haicang district was 14.925 billion yuan, down by 5.2%.

In terms of the investment in fixed assets (excluding the rural households), Siming district invested an amount of 29.44 billion yuan with an annual growth of 7.3 %; Huli district invested 35.943 billion yuan with a decrease of 2.1 %; Haicang district invested 43.146 billion yuan, an increase of 0.3%; Jimei district invested 37.553 billion yuan, down by 0.6%; Tong’an district invested 33.429 billion yuan with an increase of 23.0 %; and Xiang’an district invested 58.636 billion yuan with a big growth of 33.7%.

Meanwhile, the city’s district-level public budgetary revenue expanded by 11.9 % compared with last year, amounting to 20.490 billion yuan. Of this total, the public budgetary revenue in Siming district was 5,297 million yuan, up by 7.2 %; that in Huli district arrived at 4,382 million yuan, up by 15.5 %; that in Haicang district was 3,883 million yuan, up by 14.1 %; that in Jimei district reached 3,127 million yuan, up by 4.2%; that in Tong’an district was 2,003 million yuan, up by 22.4%; and that in Xiang’an district rose to 1,798 million yuan, up by 16.7%.