In 2013, Ganquan County reported a GDP of 2.13 billion Renminbi,[4] which had fallen 2.058 billion by 2016 due to decreased oil production.[5] Despite this, the county's residents experienced an increase in average annual disposable income during this time, with urban residents' income rising from 25,835 Renminbi to 29,419, and agrarian residents' income rising from 8,642 Renminbi to 10,462.[4][5]
Agriculture
The county has a sizable agriculture sector, producing 40,000 tons of grain and 122,000 tons of vegetables as of 2013.[4] The county government reported 125,000 lives pigs and 2.25 million live heads of poultry in the county the same year.[4] Some of the county's food products have gained recognition throughout China, namely Ganquan dried tofu (甘泉豆腐干), Meishui wine (美水酒), Fangxin cabbage (放心菜), and Laoshan eggs (劳山土鸡蛋).[4]
Natural Resources
Ganquan County is home to a number of natural resources, such as coal, petroleum, natural gas, limestone, gold, silver, copper, and iron.[1] The county has an oil production plant located in Xiasiwan [zh], which employs over 2,500 workers.[6] In 2013, the county produced 365,000 tons of oil, adding 779 million Renminbi to the economy, which accounted for 36.58% of Ganquan's GDP.[4] The county's petroleum reserves total 110.678 billion tons, and the county's natural gas reserves total 20 billion cubic meters.[6]