China's Greater Bay Area cities' per capita GDP 2023

In 2023, the average per capita gross domestic product (GDP) in the Guangdong - Hong Kong - Macao Greater Bay Area ranged at 22,867 U.S. dollars. Per capita gross domestic product in Macao amounted to around 69,385 U.S. dollars in that year, ranking first among cities in the Greater Bay Area. 

The Greater Bay Area in China

The political concept of the Guangdong - Hong Kong - Macao Greater Bay Area was introduced to the public in 2017 and further implemented by jointly signed agreements in the following years. It aims at integrating the special administrative regions of Macao and Hong Kong into the Chinese mainland and boosting the economy of all participating cities in the Pearl River Delta. The development plan for the Greater Bay Area is part of a national Chinese initiative to promote several economic city clusters in China. On the Chinese mainland, nine cities are part of the Greater Bay Area region, all of them located in Guangdong province: Shenzhen, Guangzhou, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen, and Zhaoqing. In the long run, the joint plan intends to develop the region into the world's largest and economically most successful Bay Area.

Per capita GDP in the Greater Bay Area

In terms of per capita GDP, the more mature economies of Macao and Hong Kong are still ahead of mainland Chinese cities in the Greater Bay Area, although Shenzhen and Guangzhou belong to the most developed cities in the whole of mainland China. However, growth rates on the mainland are considerably higher than in Hong Kong and Macao. This is especially true for Shenzhen, which is famous for its past economic boom and has developed into a bustling high-tech location, home to the well-known computer and internet giants Huawei and Tencent.