The economy of Laolong has developed rapidly in recent years. In 2004, the GDP of Laolong was about RMB 6.13 billion. This includes industrial output of about 3.33 billion, agricultural output of about RMB751 million and tertiary industry of about RMB 2.73 billion. Fiscal revenue is about RMB 461 million, while the rural per capita net income (PCNIRH) is about 5586 yuan.
