Economy of Guangdong

In 2021, the gross regional product (GRP) is about $1.95 trillion,[2] with its per capita GDP of 98,700 RMB ($15,570 in nominal and $23,598 in PPP).

[4] In 2021, Guangdong's GDP was slightly larger than South Korea, the world's tenth largest economy.

[citation needed] Deng Xiaoping's open door policy radically changed the economy of the province as it was able to take advantage of its access to the ocean, proximity to Hong Kong, and historical links to overseas Chinese.

Guangdong's economic boom began with the early 1990s and has since spread to neighboring provinces, and also pulled their populations inward.

[13] Its extensive manufacturing base is largely privately owned, making it less reliant on fixed asset investments than other provinces in China.