Full Text: Report on the Economic and Social Development of Tibet

By:Xinhua
update:March 31,2009

Investment has had a remarkable influence on the economic growth of Tibet. Analyses of Tibet's investment in fixed assets and local revenue and expenditure show that from 1959 to 2008 Tibet's investment in fixed assets grew from 29 million yuan to 30.333 billion yuan, and the annual growth rate reached 15.2 percent. In 1985, the second year of Tibet's opening-up, the investment in fixed assets accounted for 42.2 percent of that year's GDP, at least 10 percentage points more than in the past. From then on, Tibet's investment in fixed assets has grown by a big margin, and its proportion in the GDP has maintained a relatively high level. In each of the 10 years from 1984 to 1994, the proportion of Tibet's investment in fixed assets in its GDP was more than 40 percent. The figure rose to 66 percent in 1995, and dropped to between 45 and 47 percent in the two years from 1996 and 1998. From 1998, Tibet accelerated its investment in fixed assets. In the six years from 2003 to 2008, the proportion of Tibet's investment in fixed assets in its GDP has been more than 75 percent, over 20 percentage points more than the national average (see Table 1 and Figure 3).

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