In the past 5 years Hainan’s GDP increased by an average of 8.1% each year, local general public budget income increased by an average of 10.5% each year, fixed assets investment increased by an average of 15.8% each year and gross retail sales of consumer goods increased by an average of 11.1% each year.
The GDP for 2017 was 446.254 billion Yuan, an increase of 7% over that of the previous year.
The ratio of first industry, second industry and third industry are 22.0 : 22.3 : 55.7. Local general public budget income is 67.408 billion Yuan, an increase of 11.5%, fixed assets investment is 412.54 billion, an increase of 10.1%, and gross retail sales of social consumer goods are 161.876 billion Yuan.
Foreign direct investment (FDI) in 2018 more than doubled, compared with that in 2017.
It’s reported that there were 167 foreign-invested enterprises established in 2018, representing an increase of 91.95 percent over the previous year, and the FDI stood at $733.05 million, a growth of 112.68 percent year-on-year, citing data from local commerce department.
