In the first quarter, in the face of multiple challenges such as the frequent occurrence of domestic epidemics and the complex and severe international environment, the economy of Qingdao maintained a steady recovery and achieved a stable start.

According to the accounting results of municipal GDP, in the first quarter of 2022, the city's GDP was 337.247 billion yuan, which was increased by 5.3% on a year-on-year basis at constant prices. In terms of different industries, the added value of the primary industry was 3.42 billion yuan, which was increased by 4.2% on a year-on-year basis ; the added value of the secondary industry was 112.590 billion yuan, which was increased by 4.0% on a year-on-year basis ; the added value of the tertiary industry was 221.237 billion yuan, which was increased by 5.9% on a year-on-year basis.

1. In the first quarter, the added value of agriculture, forestry, animal husbandry and fishery was increased by 4.3% on a year-on-year basis.

2. In the first quarter, the added value of industrial enterprises above designated size was increased by 6.1% on a year-on-year basis, of which the increase in March was 9.8%. In terms of industries, in the first quarter, among the 35 major industries, 23 industries grew faster than industries above designated size. In terms of products, 162 of the 321 major industrial products achieved a year-on-year increase in output. In the first quarter, the utilization rate of industrial capacity was 78.0%, which continued to remain at a relatively high level.

3. The service industry continued to grow. In the first quarter, the added value of the service industry was 221.237 billion yuan, which was increased by 5.9% on a year-on-year basis.

4. The investment in fixed assets grew steadily, and the new economy continued to develop vigorously. In the first quarter, fixed asset investment was increased by 6.8% on a year-on-year basis. There were 4,195 projects under construction in the whole city, which was increased by 327 in number over the same period of last year.

5. The consumer market continued to recover, and online consumption was relatively active. In the first quarter, the city's total retail sales of consumer goods reached 125.26 billion yuan, which was increased by 3.9% on a year-on-year basis.

6. The development of foreign trade was good. In the first quarter, the import and export value of the city's total foreign trade was 195.86 billion yuan, which was increased by 9.6% on a year-on-year basis. Among them, exports were 115.10 billion yuan which was increased by 16.6%, while imports were 80.76 billion yuan which was increased by 0.9%.

7. The employment situation was generally stable, and consumer prices rose moderately. In the first quarter, the city created 58,800 new jobs in urban areas. The service industry absorbed 41,300 employees, accounting for 70.3% of the total employment, while the manufacturing industry absorbed 12,500 employees, accounting for 21.2% of the total employment.

Consumer prices rose moderately. In the first quarter, consumer prices rose by 1.5% on a year-on-year basis.

8. Income of residents increased steadily. In the first quarter, per capita disposable income of the city's residents was 14,722 yuan, which was increased by 6.1% on a year-on-year basis.

Generally, the economy of Qingdao city started smoothly in the first quarter and continued to recover and develop. At the same time, it was necessary to seek opportunities for economic growth amid challenges.