Growth
| Development of GDP | |
|---|---|
| Year | GDP in Bill.Yuan |
| 1994 | 5 |
| 2000 | 12 |
| 2004 | 20 |
| 2006 | 29 |
Tibet's GDP in 2008 was 39.6 billion yuan. The Chinese government says that it exempts Tibet from all taxation and provides 90% of Tibet's government expenditure. Critics say that the central government in Beijing are stripping Tibetan resources and neglecting the welfare of Tibetan people.
According to the Chairman of the Tibet Autonomous Region, Qiangba Puncog, Tibet's economy has grown on average 12% per year from 2000 to 2006. The per capita GDP reached 10,000 RMB in 2006 for the first time in Tibet's history.
In the first six months of 2008, economic growth in Tibet was halved after the Lhasa riots led to a slump in tourism, consumption and output. The region’s economy expanded 7.4 percent in the period from 2007, down from 14.7 percent in the year-earlier period.
Read more about this topic: Economy Of Tibet
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