Regional imbalances have been aggravating for 30 years … The GRDP share has increased in the metropolitan area and in the Chungcheong area, while it has decreased in the Gyeongsang area



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Visitors who visited the `` Korea 4th Industrial Revolution Festival 2020 '' held at COEX, Gangnam-gu, Seoul on December 17, 2019, are experiencing virtual reality.  News 1

Visitors who visited the “ Korea 4th Industrial Revolution Festival 2020 ” held at COEX, Gangnam-gu, Seoul on December 17, 2019, are experiencing virtual reality. News 1

How has the national industrial structure by region changed in the last 30 years since 1985? Looking at the national proportion of GRDP (gross regional product) by region, it was found that the metropolitan area and the Chungcheong area have increased, while other areas such as the southeast area, the Honam area and the Daekyung area. The southeastern region refers to Busan, Ulsan and Gyeongnam, and the Daegyeong region refers to Daegu and Gyeongbuk.

Busan Institute, National GRDP Analysis from 1985 to 2018
More than half of the national GRDP is created in the metropolitan area
“Concentration of the fourth and new industry in the metropolitan area and in the Chungcheong area”

On the 9th, the Busan Research Institute (president Song Gyu-wook) published a report on the 9th, “Imbalances and interregional implications due to changes in the industrial structure”, based on data from the National Statistical Office. According to the report, the percentage of GRDPs by region increased from 43.7% in 1985 to 52.2% in 2018. More than half of the national GRDP was created in the metropolitan area. In the same period, the share of Chungcheong province also increased from 9.8% to 12.5%.

On the other hand, the Southeast region (18.5% → 14.4%), the Daegyeong area (11.9% → 8.7%), the Honam area (11.0% → 6.6%) and the Gangwon-Jeju area (5.0% → 3.5%) have a higher percentage of GRDP nationwide than in the past. Decreased. The areas of Daegyeong and Honam fell to less than 10%.

At the end of 2016, Pangyo Techno Valley's sales were in line with Busan's gross regional product (GRDP).

At the end of 2016, Pangyo Techno Valley’s sales were in line with Busan’s Gross Regional Product (GRDP).

Gross Regional Product (GRDP) is an economic indicator that indicates the sum of the values ​​of the newly created final product within a given region over a given period, i.e. how much added value has been generated for each economic activity within each city and province. The national GRDP amounted to 278 trillion 84.5 billion won in 1985 and 1814 trillion 75.6 billion won in 2018.

Not only the percentage of GRDP, but also the average annual growth rate of GRDP by region showed similar patterns. In the same period, only the Chungcheong area (6.6%) and the metropolitan area (6.3%) showed growth greater than the national average (5.8%). The rest of the region was below the national average with 5.4% in the Southeast region, 5.1% in the Daegyeong region, 4.7% in the Honam region and 4.1% in the region. by Gangwon-Jeju.

In the case of the metropolitan area and the Chungcheong area, the electrical, electronic and precision equipment industries showed growth with increasing regional and national weights. In particular, in the case of the Chungcheong area, coal and petrochemicals, transportation machinery and equipment and the production of metal products, including electrical, electronic and precision equipment, increased, showing a strong trend. growth.

The 2020 China Import and Export videoconference was held at the Havana Central Busan Hotel in Nam-gu, Busan on July 1st to break the export path of Busan companies blocked by Corona 19. The picture shows a video consultation not face to face.  Reporter Song Bong-geun

The 2020 China Import and Export videoconference was held at the Havana Central Busan Hotel in Nam-gu, Busan on July 1st to break the export path of Busan companies, blocked by Corona 19. The picture shows a video consultation not face to face. Reporter Song Bong-geun

By sector between 1985 and 2018, the information and communications industry, finance and insurance, manufacturing, electricity, gas, steam and air conditioning, health and care services were classified as high-growth sectors that showed greater growth in the GRDP growth rate. On the other hand, real estate, transportation and warehouses, wholesaling and retailing, housing and restaurants, education and construction services were low-growth sectors that grew below average.

Lee Mi-jeong, a member of economic trend analysis at the Busan Research Institute, said, “Industries related to the 4th Industrial Revolution are concentrated in the metropolitan area and the Chungcheong area. I need a back. ”

Busan = Reporter Hwang Sun-yoon [email protected]



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