An evaluation indicator system including economic growth, economic structure, economic efficiency, resources and environment, scientific and technological innovation and harmonious society is established to evaluate transforming state of economic development mode, based on the main connotation of the transformation of the economic development mode of Shandong. And the results analyzed from 1995-2009 data show that the transformation state of Shandong economic development mode was on the rise year after year between 1995 and 2009. There were three stages of economic development in these years: highly extensive economic mode, extensive economic mode, secondary intensive economic mode, which elementarily shows validity of this evaluation indicator system.