Average per capita income of Hainan population increased by 4.6% in 2020

Hainan's average per capita income in 2020 amounted to 27,900 yuan (about $ 4,300 at the current exchange rate), an increase of 4.6%, reported the local statistical office.

According to the authorities, the average indicator for urban residents increased by 3%, and for rural residents — by 7.7%. As specified in the report, the local government budget spending on social projects over the past 12 months amounted to 150 billion yuan ($ 23.21 billion), an increase of 6.6%. Allocations for education increased by 7.8%, funds allocated to boost employment — by 15.3%, the volume of funding for the health sector — by 28.6%.

As noted earlier by economic observers at the Hainan Daily, over the 13th five-year plan (2016-2020), the Hainan administration has made great efforts in improving the welfare of the population. The province launched a massive campaign to improve the quality of medicine and schooling.

Thanks to this policy, local educational institutions have launched an active campaign to draw highly qualified teachers to Hainan. In the health sector, hospitals have emerged in all cities and counties in the region capable of providing medical care and treatment for patients suffering from almost any major illness.

According to official statistics, over the 13th five-year plan, the provincial budget spending on social security has exceeded 638 billion yuan ($ 98.76 billion).