2025年12月经济数据点评：经济总量站上140万亿元新台阶2026年增速目标预计4.5%-5%

Economic Overview - The GDP for 2025 reached 140,187.9 billion yuan, achieving a year-on-year growth of 5%, meeting the initial target of around 5%[1] - The contribution rates of the primary, secondary, and tertiary industries to GDP growth were 5.8%, 32.8%, and 61.4% respectively, with their respective shares in GDP being 6.7%, 35.6%, and 57.7%[1] Quarterly Performance - GDP growth rates for the four quarters were 5.4%, 5.2%, 4.8%, and 4.5%, indicating a trend of decreasing growth[1] - The seasonally adjusted quarter-on-quarter growth in Q4 was 1.2%, slowing down by 0.4 percentage points compared to the same period last year[1] Industrial and Service Sector Growth - The industrial added value for large-scale enterprises grew by 5.9%, while the service sector's added value increased by 5.4%, both outpacing overall economic growth[5] - Exports from large-scale industrial enterprises reached 15.8 trillion yuan, with a year-on-year increase of 2.2%[5] Investment Trends - Fixed asset investment totaled 485,186 billion yuan, marking a decline of 3.8%, the lowest since 1992[7] - Infrastructure investment decreased by 2.2%, while manufacturing investment grew by 0.6%, and real estate investment fell by 17.2%[8] Consumer and Employment Data - The total retail sales of consumer goods reached 501,202 billion yuan, growing by 3.7%, which is 1.3 percentage points lower than the overall economic growth rate[7] - The urban surveyed unemployment rate averaged 5.2%, showing a slight increase of 0.04 percentage points from the previous year[11] Population and Income Insights - By the end of 2025, the national population was 1,404.89 million, reflecting a decrease of 3.39 million from the previous year[11] - The per capita disposable income was 43,377 yuan, with a nominal growth of 5%, aligning with economic growth[11] Future Economic Projections - The economic growth target for 2026 is projected to be between 4.5% and 5%[13] - Factors such as improved corporate profits and supportive policies are expected to bolster consumption growth in 2026[13]