Nanyang has the largest population among Henan's cities and a diversified economy. Agriculture remains a cornerstone, with the fertile Nanyang Basin producing wheat, corn, cotton, oil crops, and tobacco. Nanyang's yellow cattle industry is famous nationwide, with beef production being a significant economic activity.
Manufacturing is well-developed, with strengths in textile production, machinery, chemicals, and building materials. The city has several industrial zones attracting investment in automotive parts, electronic equipment, and new energy industries.
The pharmaceutical industry, rooted in the region's traditional medicine heritage, is a growing sector with companies producing both traditional Chinese medicine preparations and modern pharmaceuticals.
Tourism has become increasingly important, driven by Wuhou Temple, the Neixiang County Government Office, and the Baotianman Nature Reserve. The local government has invested in tourism infrastructure to attract more visitors from across China and internationally.
Nanyang's GDP is approximately 420 billion yuan. The city serves as a regional transportation hub, with railways and highways connecting it to Zhengzhou, Wuhan, Xi'an, and other major cities.