Henan reports 5.1% GDP growth in 2024

Henan Daily

Zhengzhou: In 2024, Henan’s GDP reached 6.3589 trillion yuan, growing by 5.1 percent year-on-year, according to Henan Statistics Bureau on January 18.

The annual growth rate accelerated by 0.4 percentage points compared to the first quarter, 0.2 percentage points compared to the first half of the year, and 0.1 percentage points compared to the first three quarters, showing a trend of stability, growth, and optimization.

Agricultural production remained generally stable. In 2024, Henan’stotal grain output reached 134.387 billion jin (1 jin equals half a kilogram), a year-on-year increase of 1.4 percent, exceeding 1.3 trillion jin for eight consecutive years. The total output of vegetables and edible fungi was 82.653 million tons, growing by 2.7 percent year-on-year, while the output of melons and fruits reached 15.442 million tons, up by 2.8 percent.

Industrial economy operated steadily. In 2024, Henan’s value-added industrial output above designated size grew by 8.1 percent year-on-year, accelerating by 3.1 percentage points compared to 2023. The value-added output of large-scale manufacturing increased by 9.1 percent, 1.0 percentage point faster than the overall provincial industrial growth rate, contributing 89.0 percent to the growth of the province’s industrial output above designated size.

Service industry recovered steadily. In 2024, Henan welcomed more than 1 billion visitors for the first time, and its tourism revenue exceeded 1 trillion yuan for the first time.

Consumer market showed steady growth. In 2024, Henan’s total retail sales of consumer goods reached 2.7597 trillion yuan, growing by 6.1 percent year-on-year. The retail sales of above-designated-size units in rural areas grew by 11.4 percent year-on-year, accelerating by 9.1 percentage points compared to 2023.

Foreign trade showed an upward trend despite challenges. In 2024, Henan’s total import and export value reached 820.17 billion yuan, growing by 1.2 percent year-on-year. Among this, exports of the “three new-type” foreign trade products—electric vehicles, photovoltaic products, and lithium batteries—reached 12.08 billion yuan, increasing by 21.6 percent.