In 2022, the total gross domestic product (GDP) of the Guangdong - Hong Kong - Macao Greater Bay Area amounted to around 1,943.5 billion U.S. dollars. That year, the GDP of the city of Shenzhen alone amounted to around 482 billion U.S. dollars, ranking first among cities in the Greater Bay Area.
The Greater Bay Area in China
The Guangdong - Hong Kong - Macao Greater Bay Area is an economic zone comprised of the two special administrative regions Hong Kong and Macao and nine cities of Guangdong province in mainland China, namely Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. The concept of the Greater Bay Area has been formulated by the Chinese government to further integrate Macao and Hong Kong into the Chinese mainland and to boost the economy of the cities in the Pearl River Delta. In the 1980s and 1990s, the Pearl River Delta had been one of the prime regions for economic development, but in recent years it has lost ground to the Yangtze River Delta in East China, the largest of the economic macro-regions in China. A development plan for the Greater Bay Area, which was initiated in 2017 and further elaborated thereafter, aims at developing the region into the world's largest and economically most successful Bay Area.
GDP development in the Greater Bay Area
In 2022, the GDP of the Greater Bay Area cities was still affected by the coronavirus pandemic and decreased slightly in U.S. dollar terms compared to the previous year. However, the development was uneven, with some of the cities on the mainland experiencing strong economic growth, while GDP growth in Hong Kong and Macau still suffered significantly from the pandemic. In 2022, per capita GDP in the Greater Bay Area ranged at about 22,590 U.S. dollars, which was one of the highest values in China. However, per capita GDP in Hong Kong and Macao is still considerably higher then in the neighboring cities on the mainland.
Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city
(in billion U.S. dollars)
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GDP in billion U.S. dollars
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The Greater Bay Area is Chinese government's scheme linking the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing into an integrated economic and business hub.
Figures have been converted with the yearly average exchange rates.
The source does not provide a release date. The date given is the date of data access.
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HKTDC. (October 5, 2023). Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/
HKTDC. "Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city (in billion U.S. dollars)." Chart. October 5, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/
HKTDC. (2023). Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/
HKTDC. "Gross Domestic Product (Gdp) in China's Greater Bay Area in 2022, by City (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Oct 2023, https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/
HKTDC, Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/ (last visited August 25, 2024)
Gross domestic product (GDP) in China's Greater Bay Area in 2022, by city (in billion U.S. dollars) [Graph], HKTDC, October 5, 2023. [Online]. Available: https://www.statista.com/statistics/1007451/china-gross-domestic-product-gdp-of-cities-in-the-greater-bay-area/