Qingdao West Coast New Area (Qingdao WCNA) recently released its economic performance for the first quarter, with its gross domestic product (GDP) reaching 119.65 billion yuan ($16.56 billion), a 6 percent increase compared to the previous year.
Notably, the district's GDP now accounts for 31.96 percent of the city's total.
![1715422925687025639.jpg 2012111016336818233_副本.jpg](http://subsites.chinadaily.com.cn/shandong/qingdao/xihaian/att/20240511/1715422925687025639.jpg)
An aerial photograph captures the landscape of Qingdao WCNA in Shandong province. [Photo/IC]
Breaking down the industrial structure, the primary industry saw a value added of 583 million yuan, up by 3.9 percent year-on-year; the secondary industry recorded a value added of 37.21 billion yuan, a 6.4 percent increase; while the tertiary industry had a value added of 81.85 billion yuan, growing 5.9 percent.
The productive service industry also performed well, with value added increasing 6 percent year-on-year to 52.95 billion yuan in January and February.
Furthermore, fixed asset investment continued to rise steadily, growing by 5.4 percent year-on-year in key areas throughout the district.
Import and export activities expanded, reaching a total value of 82.73 billion yuan in the first quarter, up by 5.4 percent year-on-year.
Resident income grew as well, with rural incomes increasing at a faster rate than urban incomes. The per capita disposable income for residents in Qingdao WCNA stood at 17,031 yuan, a 6.6 percent year-on-year increase. Urban residents had a per capita disposable income of 18,715 yuan, up by 5.4 percent, while that of rural residents reached 10,037 yuan, up by 6.8 percent year-on-year.