Zhejiang's GDP grows 5.6 percent in first three quarters

Zhejiang province's GDP reached 7.32 trillion yuan (about $1.1 trillion) in the first three quarters of 2026, up 5.6 percent year-on-year at constant prices, according to data released by the Zhejiang Provincial Bureau of Statistics on Oct 26.

The growth rate was 1 percentage point above the national average.

Value added by the primary, secondary, and tertiary sectors reached 174.5 billion yuan, 2.79 trillion yuan, and 4.36 trillion yuan, respectively, growing 4.2 percent, 5.8 percent, and 5.5 percent.

Industrial production remained a key contributor. Value added by industrial enterprises above the designated size rose 7.8 percent, with 29 of the province's 37 major industrial categories recording growth.

Value added by high-tech manufacturing, manufacturing in core digital economy industries, and equipment manufacturing rose 16 percent, 15.8 percent, and 12.9 percent, respectively. Production of service robots and industrial robots increased 91 percent and 37.5 percent.

Fixed-asset investment declined 11.9 percent, although manufacturing investment rose 5.7 percent.

Retail sales of consumer goods reached 2.89 trillion yuan, up 1.6 percent.

Residents' per capita disposable income rose 5.4 percent in nominal terms to 57,593 yuan, an increase of 4.4 percent after adjusting for inflation.

Source: ezhejiang.gov.cn