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Unit ( Billions of US dollars )
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According to the latest statistical data released by Ningbo and Hangzhou Statistical Bureau in 2024, from 1990 to 2021, Ningbo's annual average GDP was $59.78 billion, with an average annual growth rate of 6.67%; Hangzhou's annual average GDP was $73.62 billion, with an average annual growth rate of 6.68%. In 2020, the GDP difference between Ningbo and Hangzhou was $53.6 billion, in 2019, the GDP difference between Ningbo and Hangzhou was $49.5 billion, and in 2018, the GDP difference between Ningbo and Hangzhou was $42.6 billion.
| Year | Ningbo GDP | Hangzhou GDP | Difference |
|---|---|---|---|
| 2020 | $179.9 billion | $233.5 billion | $53.6 billion |
| 2019 | $172.7 billion | $222.2 billion | $49.5 billion |
| 2018 | $165.9 billion | $208.5 billion | $42.6 billion |
| 2017 | $146.5 billion | $187.6 billion | $41.1 billion |
| 2016 | $128.9 billion | $166.7 billion | $37.8 billion |
| 2015 | $131 billion | $164.3 billion | $33.3 billion |
| 2014 | $125.4 billion | $151.7 billion | $26.3 billion |
| 2013 | $116.2 billion | $135.9 billion | $19.7 billion |
| 2012 | $107.2 billion | $128.2 billion | $21 billion |
| 2011 | $96.2 billion | $112.2 billion | $16 billion |
| 2010 | $78.4 billion | $90.3 billion | $11.9 billion |
| 2009 | $64.9 billion | $76.2 billion | $11.3 billion |
| 2008 | $58 billion | $69.9 billion | $11.9 billion |
| 2007 | $45.9 billion | $54.8 billion | $8.9 billion |
| 2006 | $36.6 billion | $43.8 billion | $7.2 billion |
| 2005 | $30.4 billion | $36.5 billion | $6.1 billion |
| 2004 | $26.5 billion | $30.9 billion | $4.4 billion |
| 2003 | $21.9 billion | $25.7 billion | $3.8 billion |
| 2002 | $18.4 billion | $21.8 billion | $3.4 billion |
| 2001 | $16.1 billion | $19.2 billion | $3.1 billion |
| 2000 | $14.4 billion | $16.9 billion | $2.5 billion |
| 1999 | $12.7 billion | $14.9 billion | $2.2 billion |
| 1998 | $11.9 billion | $13.9 billion | $2 billion |
| 1997 | $11 billion | $12.7 billion | $1.7 billion |
| 1996 | $9.7 billion | $11.1 billion | $1.4 billion |
| 1995 | $7.8 billion | $9.3 billion | $1.5 billion |
| 1994 | $5.5 billion | $6.9 billion | $1.4 billion |
| 1993 | $4 billion | $5 billion | $1 billion |
| 1992 | $3.4 billion | $4.3 billion | $0.9 billion |
| 1991 | $3 billion | $3.7 billion | $0.7 billion |
| 1990 | $2.8 billion | $3.5 billion | $0.7 billion |