Shanxi's Q1 economy shows steady growth
Updated: 2026-04-24
In the first quarter of 2026, Shanxi province reported a GDP of 570.95 billion yuan ($83.52 billion), marking a 4.2 percent year-on-year increase, and demonstrating a promising economic trend characterized by steady growth and progress.
The economic structure continues to improve, with the service sector's added value increasing its share of GDP by 1.2 percentage points compared to the same period last year. Private investment surged by 8.2 percent, outpacing the national average by 10.4 percentage points, contributing 4.1 percentage points to the total investment growth.
Industrial growth was robust, with the industrial added value of enterprises above the designated size rising by 6.4 percent, an increase of 1.5 percentage points from last year. Notable growth was seen in coal, coalbed methane extraction, chemicals, and food industries. Additionally, the accommodation, catering, financial, and profit-oriented service sectors experienced accelerated growth.
The tourism sector also showed strong vitality, with major monitored scenic spots witnessing nearly 30 percent growth in visitor numbers, over 10 percent in ticket revenue, and more than 20 percent in operational income.
Urban and rural residents enjoyed a steady increase in income, with per capita disposable income rising by 5.1 percent, outpacing the GDP growth by 0.9 percentage points. Fiscal resources continued to focus on key areas of public welfare, with steady increases in spending on social security, healthcare, and other critical sectors.



