According to the recently unified calculation result of the gross domestic product (GDP) at the district level, Qingdao West Coast New Area (Qingdao WCNA) achieved a GDP of 500.34 billion yuan ($69.81 billion) in 2023.

This represents a 6.0 percent growth compared to the previous year, surpassing the city's average growth rate by 0.1 percentage points.

The added value of the area’s primary industry was 9.58 billion yuan, reflecting a 4.1 percent increase from the previous year; the secondary industry had an added value of 170.20 billion yuan, a 5.0 percent year-on-year growth; and the tertiary industry had an added value of around 320.56 billion yuan, a 6.6 percent year-on-year increase.

The agricultural sector remains stable, with agricultural, forestry, animal husbandry and fishery activities generating an added value of 10.26 billion yuan, up by 4.6 percent from the previous year. Positive growth was achieved in sown area, yield per unit and total grain output.

The added value of industrial enterprises above designated size in the district achieved a 6.2 percent year-on-year growth. These enterprises generated an operating income of 486.87 billion yuan, a 3.9 percent increase from the previous year.

The service industry also contributed significantly, with an added value of 320.56 billion yuan, a 6.6 percent growth compared to the previous year.

Finally, the annual per capita disposable income of residents in Qingdao WCNA reached 59,088 yuan, a 6.5 percent increase compared to the previous year.

An aerial view of the Qingdao West Coast New Area after snowfall. [Photo/Xihaian News]