Hohhot's economic growth in 2024: steady expansion across industries
In 2024, Hohhot's regional GDP reached 410.71 billion yuan ($56.19 billion), an increase of 6.1 percent year over year at constant prices, demonstrating steady growth.
The added value of primary industries was 17.33 billion yuan, up 5.1 percent; secondary industries reached 128.43 billion yuan, up 5.2 percent; and tertiary industries totaled 264.95 billion yuan, up 6.6 percent.
Hohhot's agricultural production remained stable in 2024, with the added value of agriculture, forestry, animal husbandry, and fishery increasing by 5.1 percent year-on-year. The city's total grain sown area reached 5.10 million mu (339,867 hectares), an increase of 46,000 mu compared to the previous year. Grain output reached 19.45 billion kilograms, up 55 million kg, marking 21 consecutive years of bumper harvests.
The added value of industrial enterprises above a designated size grew by 8.0 percent year over year. Of the 29 major industrial sectors, 19 achieved positive growth, with an expansion rate of 65.5 percent.
Corporate revenue maintained steady growth, with industrial enterprises above a designated size recording an 8.9 percent year-on-year increase in operating income from January to November.
The sale of consumer goods for the year reached 126.5 billion yuan, up 5.2 percent year-on-year.
The cultural and tourism sectors witnessed strong momentum, with increasing demand for leisure and entertainment. Large-scale events such as concerts, expos, and cultural fairs significantly boosted consumption, driving the city's retail sales to 109.44 billion yuan, up 4.8 percent year-on-year.
The rapid growth of cross-border e-commerce has fueled the expansion of Hohhot's import and export trade. The city's total import and export volume reached 22.67 billion yuan, a 17.3 percent year-on-year increase.