Shanghai's GDP approached 2.79 trillion yuan ($412 billion) in the first half of 2026, up 5.6 percent year-on-year at constant prices, according to data released by the municipal statistics bureau on Monday.
The growth rate is not only higher than the national average, but also exceeds Shanghai's annual GDP growth in 2024 and 2025, which came in at 5 percent and 5.4 percent, respectively.
The primary industry saw its added value climb 0.9 percent year-on-year to about 3.58 billion yuan, while the secondary industry's added value rose 4.7 percent year-on-year to nearly 569.7 billion yuan.
With the robust growth of the modern services sector encompassing finance, information transmission, software, information technology, leasing, and business services, the tertiary industry saw its half-year added value surge 5.9 percent on a yearly basis to over 2.2 trillion yuan, further consolidating its role as a major economic driver for Shanghai.
The information transmission, software, and information technology services sector has become a major highlight for Shanghai's economic growth over the first six months of the year. The sector's 9.1 percent year-on-year growth has been buttressed by the strong growth in sub-sectors such as artificial intelligence, integrated circuit design, and platform enterprises.
