In 2024, Beijing's economy experienced steady and positive growth, bolstered by robust social welfare measures and significant advancements in high-quality development.

The city's Gross Regional Product (GRP) reached approximately CNY 4.98 trillion, marking a 5.2 percent year-on-year increase. Calculated by permanent resident population, the per capita GRP stood at CNY 228,000.

By the end of the year, Beijing's permanent resident population totaled 21.832 million, reflecting a slight decrease of 26,000 compared to the previous year. Urban new employment reached 299,000, an increase of 18,000 from the previous year. The average urban surveyed unemployment rate was 4.1 percent.

The general public budget revenue for the year was CNY 637.27 billion, up 3.1 percent from the previous year. The city's general public budget expenditure reached CNY 839.65 billion, an increase of 5.3 percent. Tax cuts, fee reductions, and rebates supporting technological innovation and manufacturing development totaled over CNY 150 billion. The overall consumer price index (CPI) rose by 0.1 percent year-on-year.

The added value of the city's digital economy increased by 7.7 percent year-on-year, with the core digital economy sector growing by 10.1 percent. High-tech industries and strategic emerging industries (which overlap to some extent) grew by 6.4 percent and 5.7 percent respectively. Investment in high-tech industries surged by 37.2 percent.

Fixed asset investment (excluding rural households) rose 5.1 percent compared to the previous year. The total securities trading volume reached CNY 238.5 trillion, up 12.8 percent. Total market consumption grew by 2.1 percent year-on-year.

Beijing's total goods import and export value reached CNY 3.61 trillion, slightly declining by 1.0 percent compared to the previous year. Trade with Belt and Road Initiative partner countries accounted for CNY 2.12 trillion, representing 58.7 percent of the city's total foreign trade. Additionally, foreign investment showed strong momentum, with 2,012 new foreign-invested enterprises established, representing a 16.4 percent year-on-year increase.

Technology transfer between Beijing and neighboring Tianjin and Hebei provinces intensified, with contract values reaching CNY 84.37 billion, reflecting a growth of 12.7 percent year-on-year.