According to preliminary calculations, the GDP in the first three quarters exceeded 87 trillion yuan, which increased by 3.0% year-on-year at the unchanged price, an increase of 0.5 percentage points faster than the first half of the year.

2025/06/1611:05:36 finance 1478
According to preliminary calculations, the GDP in the first three quarters exceeded 87 trillion yuan, which increased by 3.0% year-on-year at the unchanged price, an increase of 0.5 percentage points faster than the first half of the year. - DayDayNews

Guangdong Wanhe Electrical Workers are working on the production line (photo taken on September 30). Xinhua News Agency issued

htmlOn October 24, the National Bureau of Statistics announced the preliminary calculation results of GDP (GDP) in the third quarter of 2022. According to preliminary calculations, the GDP in the first three quarters exceeded 87 trillion yuan (87026.9 billion yuan). Based on the constant price of , increased by year-on-year, 0.5 percentage points faster than the first half of the year. By quarter, GDP grew by 4.8% year-on-year in the first quarter, 0.4% in the second quarter, and 3.9% in the third quarter.

in the third quarter was significantly better than

in the second quarter. my country's GDP was 30762.7 billion yuan, accounting for constant prices, a year-on-year increase of 3.9%, an acceleration of 3.5 percentage points from the second quarter.

Since the beginning of this year, facing the complex and severe domestic and international situation and multiple impacts beyond expectations, the national economy has withstood the pressure and continued to recover. The economy recovered in the third quarter, which was significantly better than the second quarter, production demand continued to improve, employment prices were generally stable, people's livelihood guarantees were strong and effective, and the overall operation was within a reasonable range.

industry, the added value of the primary industry in the first three quarters was 5477.9 billion yuan, a year-on-year increase of 4.2%; the added value of the secondary industry was 35018.9 billion yuan, a growth of 3.9%; the added value of the tertiary industry was 46530 billion yuan, a growth of 2.3%.

"Compared with the same period last year, the proportion of the primary industry remained the same, the proportion of the secondary industry increased by 1.1 percentage points, and the proportion of the tertiary industry decreased by 1.1 percentage points." Zhao Tonglu, director of the National Economic Accounting Department of the National Bureau of Statistics, issued a document on the official website of the National Bureau of Statistics.

Consumption, investment and exports continue to rebound

Zhao Tonglu said that the economic operation recovered and improved in the third quarter. The three major demands for consumption, investment and exports continue to rebound, and the momentum for recovery and development is enhanced. In terms of consumption, final consumption expenditure in the first three quarters contributed 41.3%, driving GDP growth by 1.2 percentage points. Among them, the contribution rate of final consumption expenditure to economic growth in the third quarter was 52.4%, driving GDP growth by 2.1 percentage points. In terms of investment in

, the total amount of capital formation in in the first three quarters contributed 26.7% to economic growth, driving GDP growth by 0.8 percentage points. Among them, the total capital formation contribution rate to economic growth in the third quarter was 20.2%, driving GDP growth by 0.8 percentage points. In terms of

exports, net exports of goods and services contributed 32.0% to economic growth in the first three quarters, driving GDP growth by 1.0 percentage points. Among them, net exports of goods and services contributed 27.4% to economic growth in the third quarter, driving GDP growth by 1.1 percentage points.

Focus

National residents per capita disposable income 27650 yuan

National Bureau of Statistics announced the statistics on residents' income and consumption in the first three quarters. Fang Xiaodan, director of the Household Investigation Department of the National Bureau of Statistics, interpreted that the national growth rate of residents' income has steadily rebounded compared with the first half of the year, and residents' consumption has recovered.

In the first three quarters of 2022, the per capita disposable income of residents nationwide was 27,650 yuan, a nominal increase of 5.3% year-on-year; the actual increase after deducting price factors was 3.2%, an acceleration of 0.2 percentage points from the first half of the year. According to permanent residence, the per capita disposable income of urban residents in was 437,482 yuan, a nominal increase of 4.3% year-on-year and a real increase of 2.3%; the per capita disposable income of rural residents was 14,600 yuan, a nominal increase of 6.4% year-on-year and a real increase of 4.3%.

The nominal and actual growth rates of per capita disposable income of rural residents are 2.1 and 2.0 percentage points faster than urban residents, respectively. Fang Xiaodan said that the rapid growth rate of rural residents' income is mainly due to factors such as infrastructure investment in , the construction of major projects, and the bumper harvest of summer grain, high corn and wheat prices, and rising prices of live pigs and poultry and eggs.

From the perspective of income sources, the per capita wage income, operating net income, property net income and transfer income of residents in the first three quarters were RMB 15,678, RMB 4,352, RMB 2,463 and RMB 5,157, respectively, with nominal growth of 5.1%, 5.2%, 5.8% and 5.6%, respectively. The median per capita disposable income of residents in the country was 423,277 yuan, a nominal increase of 5.1% year-on-year.

According to the national monitoring and survey of migrant workers, the number of rural labor force going out to work at the end of the third quarter was 182.7 million, basically the same as the same period last year; the average monthly income of migrant workers going out to work was 4,586 yuan, an increase of 3.0% over the same period last year.

"Residents' consumption expenditure has recovered."Fang Xiaodan introduced that in the first three quarters, the national per capita consumption expenditure of residents was 17,878 yuan, a nominal increase of 3.5% over the same period last year, and the nominal growth rate increased by 1.0 percentage points compared with the first half of the year; after deducting price factors, the actual growth rate increased by 1.5%, and the actual growth rate increased by 0.7 percentage points compared with the first half of the year. By urban and rural perspective, the per capita consumption expenditure of urban residents was 22,385 yuan, and the per capita consumption expenditure of rural residents was 11,896 yuan.

The decline in housing prices in second- and third-tier cities in September increased

The National Bureau of Statistics released 70 large and medium-sized cities in September 2022 The data on changes in sales prices of new commercial housing. Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, explained that in September, the number of cities with commercial housing sales prices decreased by 70 large and medium-sized cities increased, and the sales prices of commercial housing in each tier city decreased by 4 and 5 respectively from the previous month. l2

From a year-on-year perspective, among the 70 large and medium-sized cities in September, there were 50 and 63 cities in which the sales prices of newly built commercial housing and second-hand housing fell, respectively, an increase of 1 and 2 from the previous month.

It is worth mentioning that the completion of national real estate development investment announced by the National Bureau of Statistics on the same day showed that in September, the real estate development prosperity index (referred to as the "National Housing Prosperity Index") was 94.86, which was at a low prosperity level.

According to reports, the National Housing Prosperity Index chose 2012 as the base year and set its growth level as 100. Generally speaking, the national housing prosperity index of 100 points is the most suitable prosperity level, above 105 is the relatively high prosperity level, between 95 and 105 points is the moderate prosperity level, and below 95 is the relatively low prosperity level.

data shows that from January to September, the sales area of ​​commercial housing was 1014.22 million square meters, a year-on-year decrease of 22.2%, of which the sales area of ​​residential housing decreased by 25.7%. Commercial housing sales volume was 9938 billion yuan, a decrease of 26.3%, of which the sales volume of residential housing decreased by 28.6%.

written by: Nandu reporter Zhao Weijia

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