General Evaluation of Economic Development Level Based on Principal Component Analysis

In assessing a country's degree of economic development,the various aspects of social production should be taken into account, and we look at the combined effect of productivity at last. In order to an objective and scientific analysis of China's economic development, this paper applies principal component analysis on China's 31 provinces, municipalities and autonomous regions (not including Hong Kong, Macao and Taiwan) to analysis the economic development level and work out a comprehensive analysis and evaluation by using the SPSS software to make computer computation. Accordingly, the results highlighted the characteristics and advantages of major provinces in the economic development process, and provide a theoretical basis to balanced development of China