The GDP of Binzhou rose 9.8% year on year to RMB 215.57 billion in 2013. The value added output from secondary industry rose 11.5% year on year to RMB 110.61 billion, accounting for 51.3% of the city's economy. In 2013, the value added industrial output value from enterprises with the designated size and above increased 12.6% than 2012. The city’s foreign trade value totaled US$8.33 billion in 2013, up 32.4% year on year. The export value was about US$3.55 billion. The main exports products are machinery, high-tech products and agricultural products.
The number of enterprises in Binzhou maintained a steady growth in 2013. As of end of 2013, the number of enterprises increased by 11.6% year over year, reaching a total of 113K enterprises. The total registered capital reached RMB 233.36 billion in 2013, an increase of 17.1% from the previous year. Over four thousand businesses in Binzhou are domestic enterprises, 23K are privately owned enterprises, 82K are self-employed households and 3.5K are farmer cooperatives.
In 2013, the import and export value of Binzhou achieved the biggest increase in Shandong province. The import and export value increased by US 8.32 billion, resulting in a 32.4% increase year over year. The import and export value in 2013 was US 4.78 billion and US 3.54 billion respectively. Industries that achieved the biggest export increase were textile manufacturing, aluminum manufacturing, agricultural production and steel manufacturing. Import products with the biggest increase in 2013 were iron ore, aluminum ore, machinery and electronic products. There were 7 new foreign investment projects in Binzhou in 2013, which totaled to US 314 million contract amount. Forty Binzhou enterprises invested outside of China in 2013 with 14 overseas projects that totaled over US 1 billion.
In 2013, the standard of living was greatly improved in the urban and rural areas of Binzhou. The average income per urban resident was RBM 28K, with an increase of 9.9% year over year. The average expense was RMB 17K, with an increase of 7.5%. The average income and expense per rural resident in 2013 was RMB 11K and nearly RMB 8000 respectively, resulting in an increase of 13.1% and 12.3% from previous year.
Binzhou had a steady employment growth in 2013. Seventy-two thousand new jobs were created in urban areas and 164K new jobs were created in rural areas. The urban unemployment rate in 2013 was 2.2%, which is much lower than the provincial unemployment rate of 3.4%. The employment rate of 2013 university graduates was 94.52%.