The nominal GDP of Tianjin was approximately 1119 billion yuan in 2011, a year-on-year increase of 16.4% and 911 billion yuan (US$140 billion) in 2010 with an increase of 17.4%.
In 2009, per capita GDP was 62,403 yuan (US$9,136). The manufacturing sector was the largest (54.8%) and fastest-growing (18.2%) sector of Tianjin's economy. Urban disposable income per capita was 21,430 yuan, a real increase of 10.3% from the previous year. Rural pure income per capita was 10,675 yuan, a real increase of 10.4% from the previous year.
Farmland takes up about 40% of Tianjin Municipality's total area. Wheat, rice, and maize are the most important crops. Fishing is important along the coast. Tianjin is also an important industrial base. Major industries include petrochemical industries, textiles, car manufacturing, mechanical industries, and metalworking.
Tianjin Binhai New Area CBD
Tianjin Municipality also has deposits of about 1 billion tonnes of petroleum, with Dagang District containing important oilfields. Salt production is also important, with Changlu Yanqu being one of China's most important salt production areas. Geothermal energy is another resource of Tianjin. Deposits of manganese and boron under Tianjin were the first to be found in China.
EADS Airbus has already opened an assembly plant for its A320 series airliners, operational since 2009. AVIC I and AVIC II will be EADS' local partners for the site, to which subassemblies will be sent from plants around the world
