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Inner Mongolia's GDP reaches 2.46 trillion yuan in 2023

2024-01-23 (goinnermongolia.com.cn)

The information office of Inner Mongolia Autonomous Regional Government held a press conference on Jan 19 to release the region's economic performance in 2023.

In 2023, the region's GDP amounted to 2.46 trillion yuan ($336.99 billion), marking a 7.3 percent increase from the previous year.

Within this, the added value of its primary industry reached 273.7 billion yuan, reflecting a 5.5 percent growth. The added value of its secondary industry hit 1.17 trillion yuan, showing an 8.1 percent increase. Additionally, its tertiary industry came in at 1.02 trillion yuan, demonstrating a 7 percent growth.

Specifically, several bright spots emerged in the region’s economic performance in 2023. The region achieved stable and bountiful grain production, with a positive trend in animal husbandry.

In 2023, the total grain output in the region reached 39.58 billion kilograms, marking an increase of 570 million kg from the previous year and achieving a 20-year consecutive bumper harvest.

Also, the total output of pork, beef, mutton, and poultry meat in the region reached 2.85 million metric tons, a 2.7 percent year-on-year increase.

The region's dairy cow inventory reached 1.69 million, up by 6.1 percent from the previous year, and its milk production reached 7.93 million tons, reflecting an 8 percent year-on-year increase.

Meanwhile, the industrial production remained steady with progress and improvement in quality.

In 2023, the added value of the region's industrial enterprises above a designated size increased by 7.4 percent year-on-year.

Notably, the added value of strategic emerging industries in the region grew by 13.5 percent year-on-year, while that of equipment manufacturing and high-tech manufacturing industries increased by 9.6 percent and 11.4 percent, respectively.

Elsewhere, the region's service industry experienced a rapid recovery in 2023, with a significant improvement in operational efficiency.

In 2023, the added value of the service industry in the region increased by 7 percent year-on-year, accounting for 41.4 percent of the region's GDP.

Moreover, there was a strong momentum in fixed asset investment, with sustained growth in effective investment. In 2023, the region's fixed asset investment increased by 19.8 percent year-on-year.

The region's consumer market accelerated its recovery, displaying increasing vitality. The total retail sales of consumer goods reached 537.43 billion yuan in 2023, marking an 8.1 percent year-on-year increase.

Additionally, the resident income steadily increased, with the per capita disposable income reaching 38,130 yuan in 2023, reflecting a 6.1 percent year-on-year growth.