Page 97 - Cục Thống kê tỉnh Hòa Bình

NATIONAL ACCOUNTS, STATE BUDGET
AND INSURANCE IN 2019

1. National accounts

Gross regional domestic product (GRDP) in 2019 (at constant
prices 2010) in the province was estimated at 29,956.20 billion VND,
an increase of 6.75% over the previous year. Of which, the
agriculture, forestry and fishery sector increased by 4.81%,

contributing 1.01 percentage points to the overall growth rate; the
industry and construction sector rose by 8.07%, a contribution of 3.65
percentage point; the service sector went up 6.54%, contributing 1.88
percentage points. In general, the GRDP in the province in 2019
achieved a lower growth rate of 1.82% than the year 2018, mainly
because the industry and construction sector rose by a lower growth

rate of 5.39% than the rate of 2018, in which industry a lower than the
last year the 6.09%, the service sector was 1.13% lower than the last
year. The increase of agriculture, forestry and fishery is 0.11% higher
than the previous year; the group of product tax minus product
subsidies was 2.09% higher than the previous year, which affected the
overall growth rate of the GRDP in the province in 2019.

In term of economic structure: the agriculture, forestry and
fishery sector shared 19.93%; the industry and construction sector
made up 45.27%; the service sector accounted for 29.91%; the group

of product tax minus product subsidies was 4.89% (the corresponding
economic structure of 2018 was 20.35%; 44.61%; 30.02%; 5.02%).

2. State budget revenue and expenditure

The total local state budget revenues in 2019 was estimated at
20,389.76 billion VND, a rise of 100.86 billion VND (equivalent to
0.5%) compared to 2018, of which, Balance of state budget revenue
domestic revenues 3,374.07 billion VND (accounting for 16.55% of
total revenue), a rise of 4.03%, including: revenues from enterprises,

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