区域研究报告：海南省及下辖各市县经济财政实力与债务研究（2024）

Economic Analysis - Hainan Province is the only provincial-level economic special zone in China, located at the southernmost point of the country, with significant strategic importance. It has developed a tourism-centered economy, with GDP reaching 755.12 billion yuan in 2023, a year-on-year growth of 9.2%, ranking second in the nation [1][15][30] - The province's economic growth has slowed in the first three quarters of 2024, with GDP at 558.36 billion yuan, a 3.2% increase compared to the same period last year [1][15][30] Fiscal Strength - Hainan's fiscal strength is primarily composed of general public budget revenue and government fund budget revenue, with a significant reliance on subsidies and debt income, ranking low nationally. In 2023, general public budget revenue was 90.07 billion yuan, up 8.2% year-on-year, ranking 28th in the country [3][32][34] - The government fund budget revenue in 2023 was 46.39 billion yuan, a decrease of 1.06% year-on-year, indicating an increased reliance on debt income for expenditure balance [3][32][34] Debt Situation - As of the end of 2023, Hainan's local government debt balance was 410.61 billion yuan, an increase of 61.95 billion yuan from the previous year, which is 4.56 times the general public budget revenue, indicating rising debt pressure [6][7][30] - The debt burden is relatively light in economically stronger cities like Haikou and Sanya, while other cities face heavier debt burdens due to limited financial resources [6][7][30] Regional Economic Disparities - Economic development levels vary significantly across Hainan's cities and counties, with Haikou leading in economic output, followed by Danzhou and Sanya. The remaining cities and counties have relatively weaker economic strength [2][52] - In 2023, Haikou's GDP was 235.84 billion yuan, accounting for 31.23% of the province's total GDP, while Danzhou and Sanya had GDPs of 100.28 billion yuan and 97.13 billion yuan, respectively [2][55]