Economic Indicators

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Since its establishment, the Beijing Economic and Technological Development Area (BDA) has undergone enormous changes, from farmland to a new city suitable for both industry and daily living.

Its economic operations are stable and well-organized, and have seen new accomplishments across all walks of life.

In 1994, the regional GDP of the area was 100 million yuan ($13.68 million), with an industrial output value of 160 million yuan.

In 2015, its regional GDP reached 125.92 billion yuan, with an industrial output value of 255.55 billion yuan.

In 2020, the regional GDP was 204.54 billion yuan and the industrial output value had risen to 446.79 billion yuan.

In 2022, the BDA achieved a regional GDP of 245.6 billion yuan, representing a yearly growth of 6 percent.

The industrial output value for the year was 537.12 billion yuan, up 5.7 percent year-on-year.

Fixed asset investment totaled 98 billion yuan, a year-on-year increase of 9.2 percent.

Local-level revenue amounted to 37.24 billion yuan, reflecting a comparable growth of 9.4 percent.

Remarkably, occupying only 0.35 percent of Beijing's land, the area contributed to nearly 30 percent of the city's total industrial added value.

It is projected that by the year 2025, the area's regional GDP will reach 380 billion yuan, while the total output value of its advanced and sophisticated industries will surpass 800 billion yuan.

The region has four leading industries -- next-generation information technology industry, high-end automobile and intelligent connected vehicle industry, biopharmaceuticals and big health industry, and robotic and intelligent equipment industry.

In 2022, they accounted for 32.6 percent, 63.2 percent, 47.9 percent and 23.9 percent respectively of the city's industry totals.

The industries have grown faster than the national average and have significantly contributed to Beijing's overall economic stability and growth.

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