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General Economy of Zhejiang (2004)

General Economy

Gross domestic product (GDP)

GDP for 2004 was 1.124 trillion yuan, up 14.3% from the previous year.

GDP ratio (primary, secondary and tertiary industries)

The first industry yielded an added value of 81.6 billion yuan, 3.7% more than that of the previous year; the second industry, 604.5 billion yuan, a growth of 16.2%; the tertiary industry, 438.2 billion yuan, a growth of 13.9%. The proportion of the three industries is 7.3: 53.7: 39.

Revenue and expenditure

Provincial revenue was 142.429 billion yuan, down 3.0% from the previous year. Provincial expenditure was 106.308 billion yuan, up 18.5%.

Consumer price index (CPI)

CPI was 3.9% up from the previous year.

Investment in fixed assets

Fixed asset investment was valued at 594.5 billion yuan, up 20.2% from the previous year.

Major Industries

Agriculture

In 2004, the province's agricultural added value was 81.6 billion yuan, an increase of 3.7% from the previous year.

Industry

The industrial added value was 538.1 billion yuan, an increase of 17.0%

High-tech

The import value of high-tech products was US$3.87 billion while the export value of high-tech products was US$4.61 billion. The two figures were 79.7% and 16.9% up respectively.

Construction

Its added value was 66.36 billion yuan, up 9.0%.

Transportation

The annual volume of goods handled through various modes of transport was 265.91 billion tons, up 30.4% from the previous year. The annual passenger flow reached 78.72 billion, an increase of 10.6%.

Postal services

The annual turnover of postal operations totaled 2.9 billion yuan, a growth of 4.8%.

Telecommunications

Its annual turnover was 63.98 billion yuan, up 37.8% from the previous year.

Retail

The annual turnover from retail sales reached 364.54 billion yuan, an increase of 12.5% from the previous year.

Tourism

Revenue from tourism totaled 101.01 billion yuan, up by 31.6%.

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