In the fourth quarter of 2025, the total income of Hong Kong residents reached HK$975.3 billion, an increase of 6.3% compared to the previous year.

On March 17, the Census and Statistics Department of the Hong Kong Special Administrative Region Government released preliminary statistics on the total income and related figures of Hong Kong residents and residents for the fourth quarter of 2025 and for the whole year of 2025. The total income of Hong Kong residents reached HK$975.3 billion in the fourth quarter of 2025, a 6.3% increase from the same period the previous year. The estimated local production value in the same quarter was HK$882.1 billion, an increase of 5.1% compared to the previous year. The total income of local residents in the fourth quarter of 2025 was HK$93.3 billion higher than the local production value, equivalent to 10.6% of the production value, mainly due to net inflow of investment income. After adjusting for price changes, the real growth of total income of Hong Kong residents in the fourth quarter of 2025 increased by 5.1%, while the real growth of local production value in the same quarter increased by 3.8%. The total inflow of first-time income in Hong Kong, mainly including investment income, was HK$523.5 billion in the fourth quarter of 2025, a 6.0% increase from the previous year, equivalent to 59.3% of the local production value for that quarter. At the same time, the total outflow of first-time income in the fourth quarter of 2025 also increased by 3.5% to HK$430.2 billion, equivalent to 48.8% of the local production value for that quarter. In terms of the main components of investment income inflow, direct investment income increased by 2.6% from the previous year, mainly due to the increased direct investment income of some large local enterprises in foreign countries. Securities investment income recorded a significant increase of 31.0% from the previous year, mainly due to the increased dividend income from non-local equity securities obtained by local investors and the increased interest income from non-local debt securities obtained by local investors. As for the main components of investment income outflow, direct investment income increased by 4.0% from the previous year, mainly due to the increased direct investment income of some large multinational companies in the local market. Securities investment income increased significantly by 26.0%, mainly due to the increased interest income from local debt securities obtained by non-local investors and the increased dividend income from local equity securities obtained by non-local investors. In terms of the analysis by country/region, in the fourth quarter of 2025, mainland China continued to be the main source of total inflow of first-time income in Hong Kong, accounting for 46.6% of the total inflow for that quarter. This was followed by the British Virgin Islands, accounting for 15.3%. In terms of total outflow of first-time income, the British Virgin Islands and mainland China were the main destinations in the fourth quarter of 2025, accounting for 25.7% and 25.0% of the total outflow for that quarter, respectively. For the whole year of 2025, the total income of Hong Kong residents in 2025 increased by 4.6% to HK$3,666.2 billion compared to the previous year. This was HK$334.4 billion higher than the local production value of HK$3,331.8 billion for the same year, showing an equal amount of net inflow of first-time income, equivalent to 10.0% of the local production value for that year. The total inflow of first-time income for the whole year of 2025 was HK$2,245.4 billion, equivalent to 67.4% of the local production value for that period, while the total outflow of first-time income for the same period was HK$1,911.0 billion, equivalent to 57.4% of the local production value for that period. After adjusting for the impact of price changes, the total income of Hong Kong residents in 2025 increased by 3.0% compared to 2024.