In 2023, the income of local governments in China generated from the sale of land-use rights amounted to around 5.54 trillion yuan. After the business tax was abolished and replaced by a value-added tax in 2016, local governments lost a significant share of their income. As a result, they turned towards the sale of land use rights, which resulted in local governments' necessity to facilitate real estate development independent of actual demand.
Income from the sale of land use rights for local governments in China from 2016 to 2023
(in trillion yuan)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Ministry of Finance of the People's Republic of China. (February 1, 2024). Income from the sale of land use rights for local governments in China from 2016 to 2023 (in trillion yuan) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/
Ministry of Finance of the People's Republic of China. "Income from the sale of land use rights for local governments in China from 2016 to 2023 (in trillion yuan)." Chart. February 1, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/
Ministry of Finance of the People's Republic of China. (2024). Income from the sale of land use rights for local governments in China from 2016 to 2023 (in trillion yuan). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/
Ministry of Finance of the People's Republic of China. "Income from The Sale of Land Use Rights for Local Governments in China from 2016 to 2023 (in Trillion Yuan)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/
Ministry of Finance of the People's Republic of China, Income from the sale of land use rights for local governments in China from 2016 to 2023 (in trillion yuan) Statista, https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/ (last visited November 22, 2024)
Income from the sale of land use rights for local governments in China from 2016 to 2023 (in trillion yuan) [Graph], Ministry of Finance of the People's Republic of China, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/1227161/china-local-government-income-from-land-sales/
