Shanghai's global economic rankings

Top Chinese City by GDP

The GDP of Shanghai hit 4.72 trillion yuan ($660.45 billion) in 2023.

First Nationwide in Per Capita Disposable Income 

In 2023, the per capita disposable income of residents increased by 6.6 percent to 85, 000 yuan. 

World's No 1 Container Port

In 2023, the container throughput of Shanghai Port approached 49.16 million twenty-foot equivalent units (TEUs), ranking first in the world for the 14th consecutive year.

In 2023, Shanghai Port maintained its global supremacy, representing 3.6 percent of the world's total trade volume.

Holding Top Position in National Foreign Trade Volume

Shanghai’s foreign trade volume totaled 4.21 trillion yuan in 2023, marking a 0.7 percent year-on-year increase, 0.5 percentage points higher than the national average. 

World’s Top Financial Market in Trading Volume 

The total trading volume of Shanghai's financial market reached 3.37 quadrillion yuan in 2023, ranking first globally.

No 5 on the Global Innovation Index (GII) 2023 Top 100 Science and Technology Clusters

Co-published by the World Intellectual Property Organization (WIPO), Cornell University and global business school INSEAD, the report provides an annual ranking of the innovation capabilities and performance of economies around the world.

Robust Investment in R&D

In 2023, Shanghai directed 4.4 percent of its GDP toward research and development endeavors.

FDI Hits Record Levels

Paid-in foreign direct investment (FDI) in 2023 reached $24.09 billion, surpassing $20 billion for four consecutive years.

Home to Most MNC Regional Headquarters and Foreign-funded R&D Centers on the Chinese Mainland

In 2023, the number of regional headquarters of multinational corporations (MNCs) in Shanghai increased by 71, reaching a total of 962. The number of foreign-funded research and development (R&D) centers also grew by 30 to a total of 561.

Largest Pool of Foreign Talent

As of 2023, Shanghai has issued a total of 434,000 Foreigner's Work Permits. The city is also home to 12,000 foreign talents holding permanent residency permits. Additionally, Shanghai leads the country with over 270,000 students who have returned to work or started businesses in Shanghai after completing their studies abroad.

China's Top City in Cross-border RMB Settlement

In 2023, Shanghai led in national cross-border Renminbi (RMB) settlements, accounting for 43.5 percent of the total, surpassing 20 trillion yuan.

No 7 in the 34th Edition of the Global Financial Centres Index (GFCI)

The GFCI is published by Z/Yen Partners in collaboration with the China Development Institute.

The 34th GFCI evaluates the future competitiveness and rankings of 121 financial centers around the world. The GFCI serves as a valuable reference for policy and investment decision makers.

No 6 in the 2023 Global Asset Management Center Index

No 1 in the global e-sports city rankings

Global Leader in Electric Vehicle Ownership

In 2023, a total of 354,000 new energy vehicles (NEVs) hit the road in Shanghai, with the city's NEV ownership reaching 1.29 million units.