Home> Latest

Ningbo releases latest resident income report

chinadaily.com.cn| Updated: January 30, 2023 L M S


A bird's-eye view of Ningbo, a coastal city in East China's Zhejiang province. [Photo by Jiang Yun/WeChat account: nbfb0574]

The income of Ningbo residents in East China's Zhejiang province grew steadily in 2022, according to statistics recently released by the local government.

The per capita disposable income of local residents registered a year-on-year increase of 2.2 percent to 68,348 yuan ($10,115.5) in 2022. It surpassed the provincial average by 8,046 yuan and was second only to Hangzhou, the provincial capital, among the 11 prefecture-level cities in the province.

The per capita disposable income of urban residents grew by 1.5 percent to 76,690 yuan and that of rural residents was up by 3.5 percent to 45,487 yuan. The figures both exceeded the provincial average by 5,422 yuan and 7,922 yuan, respectively.

Moreover, the ratio of urban-rural income narrowed to 1.69, down 0.03 from the previous year. The income gap between Ningbo's subordinate regions was also narrowed, as Fenghua and Xiangshan, the two lowest-income regions, registered the highest income growth rates, at 5.6 percent and 5.1 percent, respectively. The ratio of per capita disposable income between the highest- and lowest-income regions was 1.42, down 0.01 from the previous year.