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Home >> Tibet Travel Guide >> Tibetan Economy Overview

Tibetan Economy Overview

Tibetan economy OverviewFor a long time, farming and pasturing were the mainstay industries of Tibet and, until the beginning of the 1990s, the primary industry held the most important position in economic development. At the beginning of this century, Tibet speeded up the adjustment of its industrial structure and industries with plateau characteristics such as tourism, Tibetan medicine, and processing of livestock products emerged as new engines of economic growth, maintaining sustainable, fast, harmonious and healthy development. According to statistics, in 2005, the total value of gross production in the Tibet region reached 25.06 billion Yuan, about 200 times greater than that before the peaceful liberation and up 12.2 percent over 2004 in comparable prices, with the added value of primary industry being 4.787 billion Yuan, up 4.8 percent; that of the secondary industry 5.945 billion Yuan, an increase of 13.5 percent and that of tertiary sector 14.328 billion Yuan, up 14.9 percent. For five straight years, the economy of Tibet maintained a growth rate of more than 12 percent, higher than the national average level over the same period. The per capita GDP of Tibet in 2005 reached 9,098 Yuan, up 10.8 percent, and there is no doubt that Tibet is in the midst of the best period of development and stability in its history achieving great-leap-forward development and prolonged political, economic and social stability.

In the following five years, regarding the bearing capacity and development potential of resources and the environment and according to the different requirement of optimizing, emphasizing, restricting and forbidding development, Tibet will further adjust and optimize the production structure and create the central Tibet economic zone centered on Lhasa City, Xigaze City, Shannan, Nyingchi, and Nagqu Prefecture, an eastern economic zone centered on Qamdo Prefecture and western economic zone centered on Ngari Prefecture, and gradually form a new structure of regional development with vivid local characteristics. In 2010, it hopes to see the total productive value of the whole region increase by 12 percent and the net per capita income of farmers and herders increase by 13 percent annually, so that the per capita GDP of the region and the net per capita income of farmers and herders will reach the average level of the entire nation.

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