Aggregate economic output
The regional gross domestic product (GDP) in 2024 was 858.901 billion yuan, up 5.5% year on year at comparable prices. Of this total, the added value of the primary industry was 2.634 billion yuan, the secondary industry 314.740 billion yuan, and the tertiary industry 541.528 billion yuan. The per capita GDP calculated as per the permanent resident population was equivalent to exceed 20,000 US dollars. The public budget revenue of the city totaled 158.431 billion yuan, of which 93.319 billion yuan came from local fiscal revenue.
Price
The consumer prices in 2024 rose 0.2% over the previous year.
Industry
The added value of industries above designated-size in 2024 increased by 9.0%. By the end of 2024, there were over 3,000 industrial enterprises above designated-size in the city.
MICE
Xiamen reaped economic benefits of 30.98 billion yuan from its MICE industry – meetings, incentives, conferences and exhibitions sector last year. In 2024, the city hosted 193 large-scale exhibitions, including the 2024 CIFIT – or China International Fair for Investment and Trade – as well as the Straits Forum and the 2024 Xiamen Industry Expo, along with 4,593 conferences.
Domestic trade
Retail sales of consumer goods totaled 282.713 billion yuan in 2024, a year-on-year increase of 3.1%. Grouped by consumption patterns, retail sales of commodities reached 244.653 billion yuan, up by 2.7%, and catering revenue reached 38.059 billion yuan.
Foreign trade
The total value of imports and exports reached 932.612 billion yuan in 2024, of which exports totaled 498.011 billion yuan, up 11.3%; imports totaled 434.601 billion yuan.
Xiamen’s attractive business environment has drawn significant foreign investment. As of December 2024: 21,643 Foreign-Invested Enterprises; USD $82.38 billion in Cumulative Contractual Foreign Investment; USD $42.339 billion in Realized Foreign Direct Investment (FDI); 115 Projects from 64 Fortune 500 Companies;
Xiamen continues to attract global investment, with USD $1.178 billion in contractual foreign investment and USD $1.17 billion in utilized foreign investment secured in 2024 alone.
