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Total Economic Output of Hengyang Exceeding 300 billion yuan with significantly improved comprehensive strength
From:衡阳市电子政务办 | Date Add in:2019-08-13 10:02:08 [A  A]

On August 9, Hengyang Statistical Bureau released the economic and social development achievements of Hengyang with the 70th anniversary of People’s Republic of China. It suggested that the total economic output of Hengyang has constantly expanded with significantly improved comprehensive strength during the 70 years.

The economic foundation of Hengyang was quite weak when the New China was born. In 1952, the Regional GDP was only 327 million yuan. While in the new historical period of Reform and Opening-up, the total economic output of Hengyang has been expanding rapidly. It exceeded 10 billion yuan for the first time in 1993, jumped to 100 billion yuan in 2008, climbed to 200 billion yuan in 2013 and exceeded 300 billion yuan in 2018. Surprisingly, in 2018, the Regional GDP reached 304.603 billion yuan, which was 190.0 times that of 1978. The PGDP rose from 96 yuan to 288 yuan from 1952 to 1978. And in 2006, it surpassed the 10,000 yuan mark, reaching 10,327 yuan. In 2018, it increased to 42,163 yuan.

The financial strength of Hengyang has grown into a strong one. In the early days of New China, the financial condition of Hengyang was very poor. In 1950, the total fiscal revenue of Hengyang was just 2.3 million yuan. After the Reform and Opening-up, the fiscal revenue achieved accelerated growth. The total fiscal revenue of Hengyang exceeded 1 billion for the first time in 1994. After entering the New Age, the fiscal revenue made a breakthrough from 10 billion yuan to 20 billion yuan from 2010 to 2013. It only took three years to reach 26.469 billion yuan in 2018. What’s more, the city's general public budget expenditure reached 53.66 billion yuan, 348.2 times that of 1978, with an annual average growth rate of 15.8% in the same year.

The city comprehensive competitiveness of Hengyang has dramatically improved. As one of the 26 old industrial bases, Hengyang led the development trend at the beginning of Reform and Opening-up. After entering the New Age, Hengyang accelerated transformation and upgrade. In 2017, Hengyang was designated as the central city in the south of Hunan by the State Council. In 2018, Hengyang successfully entered the rank of national metropolis. Besides, Hengyang was approved to build national innovative city, won the province's only national "Trustworthy Incentive Innovation Award", and was selected as the National Logistics Hub City.


Translator: Jing

Sponsored by Hengyang Municipal People's Government, Undertaken by Hengyang Normal University
Co-sponsored by Information Office of Hengyang Municipal People's Government Technical Support & Design:Hengyang Normal University
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