China-Singapore Jingwei Client, January 22nd (Zhang Shunan) The data on per capita consumption expenditure of residents in 31 provinces in 2020 was announced. Shanghai reached 42,536 yuan, becoming the "most spendable" city; Beijing followed closely with per capita consumption expenditure of 38,903 yuan .
From the perspective of expenditure, consumption of food, tobacco and alcohol accounts for a large proportion of per capita consumption expenditure; consumption of education, culture and entertainment has fallen the most.
Positive year-on-year growth in 11 provinces
In 2020, the national per capita consumption expenditure of residents was 21,210 yuan, a nominal decrease of 1.6% from the previous year, and after deducting price factors, the actual decrease was 4.0%.
The Sino-Singapore Jingwei Client noticed that from the data of 31 provinces, Shanghai became the "most spendable" city in 2020, with a per capita consumption expenditure of 42536 yuan; Beijing ranked second, with a per capita consumption expenditure of 38,903 yuan, which also entered "30,000 "Yuan Club" also includes Zhejiang, with a per capita consumption expenditure of 31,295 yuan.
Eight provinces including Tianjin, Liaoning, Jiangsu, Fujian, Shandong, Hunan, Guangdong, and Chongqing have entered the “20,000 yuan club”; Tibet’s per capita consumption expenditure is relatively low at 13,225 yuan.
In terms of year-on-year nominal growth rate, calculations found that Yunnan topped the list with a growth rate of 6.4%.
In addition, 17 provinces including Hebei, Shanxi, Anhui, Fujian, Jiangxi, Shandong, Henan, Hunan, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, and Qinghai exceeded the national average.
Among them, 11 provinces including Hebei, Jiangxi, Shandong, Hunan, Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Gansu and Qinghai achieved positive year-on-year growth.
Where did the money go?
Residents' consumption expenditure includes eight categories of food, tobacco and alcohol, clothing, housing, daily necessities and services, transportation and communication, education, culture and entertainment, medical care, and other supplies and services.
Fang Xiaodan, director of the Household Survey Office of the National Bureau of Statistics, said that in 2020, basic people's livelihood expenditures will continue to maintain a steady growth, and the per capita commodity consumption expenditure of residents will be 12,173 yuan, an increase of 4.3%.
Affected by the increase in time at home, the national per capita expenditure on food, tobacco and alcohol and per capita living expenditure increased by 5.1% and 3.2% respectively.
National Per Capita Consumption Expenditure in 2020 and Its Composition Source: National Bureau of Statistics
The Sino-Singapore Jingwei client found that in 2020, the national per capita consumption expenditure on food, tobacco and alcohol was 6,397 yuan, an increase of 5.1%, accounting for the largest proportion of per capita consumption expenditure at 30.2%. The consumption expenditure in this field also increased the fastest year-on-year; followed by housing In 2020, the per capita residential consumption expenditure was 5,215 yuan, an increase of 3.2%, accounting for 24.6% of the per capita consumption expenditure; the education, culture and entertainment consumption expenditure fell the most year-on-year, with a decrease of 19.1%.
What is the per capita consumption expenditure and composition of residents in each province?
For example, according to Tianjin data, consumption of food, tobacco and alcohol was 8,516 yuan, down 5.2%, accounting for 29.9% of per capita consumption expenditure; secondly, residential consumption was 7,035 yuan, an increase of 1.3%, accounting for 24.7% of per capita consumption expenditure; education, culture and entertainment consumption was 2,254 yuan , A drop of 37.1%, the largest drop.
According to Sichuan data, affected by the increase in home time and food prices, the annual per capita expenditure on food, tobacco and alcohol was 7,026 yuan, an increase of 8.7%. Affected by the epidemic, the consumption expenditure on education, culture and entertainment dropped the most from the previous year, with a decrease of 9.0%.
Statistics from Guangdong show that according to consumption categories, eight categories of consumption expenditure show a trend of "2 liters, 1 flat and 5 drops".
Among them, food and housing consumption increased by 2.8% and 5.5% respectively, consumption of daily necessities and services were basically the same as the previous year, and consumption of education, culture and entertainment, other supplies and services, clothing, medical care, and transportation and communication decreased by 24.7%, 14.4%, and 12.4%, 5.2% and 0.7%.
Fang Xiaodan said that the growth rate of other consumer spending has not yet turned positive, but the rate of decline has continued to narrow. Among them, the decline of per capita expenditure on education, culture and entertainment has significantly narrowed by 8.6 percentage points compared with the previous three quarters.
New consumption rises against the trend
On the 18th, Ning Jizhe, director of the National Bureau of Statistics, pointed out at a press conference on the operation of the national economy in 2020 that in terms of total volume, despite the impact of the new crown pneumonia epidemic in 2020, the final consumption expenditure accounted for 54.3% of GDP. , 11.2% higher than the total capital formation, which is a relatively high level in recent years. Consumption is still the ballast stone for stable economic operation.
Fang Xiaodan mentioned that under the conditions of normalized epidemic prevention and control, new types of consumption such as online shopping, live delivery, online diagnosis and treatment, and online education have bucked the trend.
The national per capita expenditure on medical alcohol, masks and other medical and sanitary appliances increased by 2.0 times, the per capita expenditure on fitness equipment increased by 5.2%, and the per capita expenditure on disinfection cupboards increased by 29.1%.
Residents’ time at home has increased, the demand for communication has increased significantly, and online shopping has increased significantly. In 2020, the national per capita expenditure on communication services will increase by 6.2%.
Looking forward to 2021, the Ministry of Commerce has made it clear that it adheres to the strategic basis of expanding domestic demand, strives to break through the gaps, make up for shortcomings, comprehensively promote consumption, improve the modern circulation system, and effectively enhance the basic role of consumption in economic development.
The focus will be on improving traditional consumption levels, accelerating the cultivation of new types of consumption, optimizing consumption upgrade platforms, and improving the modern circulation system.
In addition, 12 departments including the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Finance, and the Ministry of Ecology and Environment issued the "Notice on Several Measures to Boost Bulk Consumption and Promote the Release of Rural Consumption Potential", which put forward five tasks, including stability And expand automobile consumption, promote consumption of home appliances, furniture and home decoration, boost catering consumption, make up for shortcomings in rural consumption, and strengthen policy guarantees.
Where do you plan to spend your money in 2021?
(Zhongxin Jingwei APP)
All rights reserved by Sino-Singapore Jingwei. Without written authorization, no unit or individual may reprint, extract or use in other ways.