On April 19, the Information Office of Liaoning Provincial People’s Government held the first press conference of the series on the economic performance of Liaoning in the first quarter of 2024, presenting a comprehensive overview and main features of the province’s economic performance during this period.

In the first quarter, the gross domestic product (GDP) of the province reached 696.12 billion yuan, with a year-on-year increase of 5.4% at constant prices. The value added in the primary industry amounted to 32.44 billion yuan, a year-on year increase of 5.3%; that of the secondary industry reached 264.12 billion yuan, showing a growth of 5.9% compared to the previous year; and that of the tertiary industry contributed 399.57 billion yuan, up by 5.0% year-on-year.

The agricultural economy in the province has performed well, with the output of major agricultural products maintaining growth. The planting industry has enjoyed steady growth, with a 5.1% increase in fruit production and a 4.5% increase in vegetable and edible fungus production compared to the previous year. Livestock production has grown rapidly, with output of pork, beef, mutton, and poultry growing by 6.6% year-on-year. The fishery industry has kept a good momentum, with aquatic product output increasing by 5.3% compared to the previous year. The value added of industries above the designated size in the province increased by 5.3% year-on-year, a 0.3 percentage points faster than that of last year. Among them, the high-tech manufacturing industry grew by 23.6%. In the province’s 40 major industrial categories, 31 industries saw year-on-year increases in value added, with a potential growth of 77.5%.

In the first quarter, the total retail sales of consumer goods in the province reached 248.69 billion yuan, representing a growth of 6.1% compared to the previous year. Sales of upgraded consumer goods has performed well, with the retail sales of communication equipment increasing by 38.8% year-on-year, sports and leisure goods 19.7%, and gold, silver, and jewelry 18.8%. In addition, the investment in fixed assets in the province grew by 9.3% year-on-year, showing a faster growth.

The per capita disposable income of all residents in the province reached 10,871 yuan, up by 5.2% year-on-year. The per capita disposable income of urban residents reached 12,456 yuan, showing a growth of 4.9%, while that of rural residents reached 7,624 yuan, marking a growth of 6.0%.