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Evaluation of Development Ability of Fujian Province——Based on principal Component Analysis

The current global economic development is stagnant due to the impact of COVID-19. The formulation of an active and reasonable economic development plan that seeks to make progress in stability can promote high-quality economic growth. As a gateway to the opening up of my country's southeast coast, Fujian is an important province with rapid economic development in recent years. Therefore, studying the influencing factors of Fujian's GDP is of great significance to the implementation of various policies. This paper uses the principal component analysis method, based on the data of Fujian Province from 2010 to 2018, and selects 16 indicators in four dimensions to construct an economic development indicator system to measure and evaluate the comprehensive development level of Fujian Province. Research has shown that the economic situation of Fujian Province is changing from high-speed growth to high-quality growth, and there has been a significant improvement in economic development, scientific research and innovation, and there is still room for improvement in cultural education and sanitation. This article starts with the degree of influence, and puts forward a series of suggestions on the more influential aspects, so as to provide a theoretical basis for the future economic development of Fujian Province.