GDP Grows 3.8% in Q4 2025, 3.5% Overall for the Year

Chain volume measures of Gross Domestic Product by economic activity for the fourth quarter of 2025 and the whole year of 2025

The Census and Statistics Department (C&SD) released today (March 19) the preliminary figures of chain volume measures of Gross Domestic Product (GDP) by economic activity for the fourth quarter of 2025 and the whole year of 2025.

GDP figures by economic activity show the value of production in respect of individual economic activities. The value of production is measured by value added or net output, which is calculated by deducting intermediate input consumed in the process of production from the gross value of output. Volume measures of GDP by economic activity, expressed in terms of chain volume measures net of the effect of price changes, enable analysis of the output growth profiles of individual economic sectors in real terms.

According to the preliminary figures, overall GDP increased by 3.8% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 3.7% in the third quarter. For 2025 as a whole, GDP increased by 3.5% in real terms over 2024.

Analysed by constituent services sector and on a year-on-year comparison, value added in respect of all the services activities taken together increased by 3.8% in real terms in the fourth quarter of 2025 over a year earlier, compared with the growth of 3.1% in the third quarter. For 2025 as a whole, value added increased by 3.2% in real terms over 2024 for all the services sectors taken together.

Value added in the import and export, wholesale and retail trades sector increased by 7.9% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 5.2% in the third quarter. For 2025 as a whole, value added in this sector recorded an increase of 6.0% in real terms.

Value added in the accommodation and food services sector increased by 1.5% in real terms in the fourth quarter of 2025 over a year earlier, as against the decrease of 0.9% in the third quarter. For 2025 as a whole, value added in this sector decreased by 0.5% in real terms.

Value added in the transportation, storage, postal and courier services sector increased by 4.8% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 2.2% in the third quarter. For 2025 as a whole, value added in this sector increased by 3.7% in real terms.

Value added in the information and communications sector increased by 1.8% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 0.6% in the third quarter. For 2025 as a whole, value added in this sector increased by 0.9% in real terms.

Value added in the financing and insurance sector increased by 4.9% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 5.4% in the third quarter. For 2025 as a whole, value added in this sector increased by 4.8% in real terms.

Value added in the real estate, professional and business services sector registered an increase of 0.6% in real terms in the fourth quarter of 2025 over a year earlier. Value added in this sector remained virtually unchanged in the third quarter. For 2025 as a whole, value added in this sector decreased by 0.2% in real terms.

Value added in the public administration, social and personal services sector rose by 1.8% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 2.1% the third quarter. For 2025 as a whole, value added in this sector increased by 2.1% in real terms.

As for sectors other than the services sectors, value added in the local manufacturing sector increased by 5.7% in real terms in the fourth quarter of 2025 over a year earlier, compared with the increase of 5.3% in the third quarter. For 2025 as a whole, value added in this sector increased by 3.2% in real terms.

Value added in the electricity, gas and water supply, and waste management sector decreased by 0.8% in real terms in the fourth quarter of 2025 from a year earlier, compared with the decrease of 1.7% in the third quarter. For 2025 as a whole, value added in this sector decreased by 1.2% in real terms.

Value added in the construction sector decreased by 6.4% in real terms in the fourth quarter of 2025 from a year earlier, after the decrease of 8.7% in the third quarter. For 2025 as a whole, value added in this sector decreased by 7.8% in real terms.

Further information

The year-on-year percentage changes of GDP by economic activity in real terms from the fourth quarter of 2024 to the fourth quarter of 2025 are shown in Table 1. More detailed statistics are given in the report "Gross Domestic Product by Economic Activity". Users can browse and download this publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1030004&scode=250). For enquiries about statistics on GDP by economic activity, please call the National Income Branch (2) of the C&SD at 3903 7005.

Figures of chain volume measures of GDP by economic activity for the fourth quarter of 2025 and the whole year of 2025 are only preliminary at this stage. When more data become available, the preliminary figures will be revised accordingly and can be found at the C&SD website (www.censtatd.gov.hk/en/scode250.html).

Source: AI-found images

Thematic Household Survey Report No. 84 published

The Thematic Household Survey Report No. 84 is published by the Census and Statistics Department (C&SD) today (March 19).

This publication contains key findings on the utilisation of health services, provision of medical benefits by employers/companies, coverage of individually purchased medical insurance, health status and views on organ donation of Hong Kong residents based on the Thematic Household Survey conducted from October 2024 to January 2025.

The 2025 survey results revealed that some 5 450 400 persons had consulted doctors during the 12 months before enumeration, constituting 76.5% of the total population. Among the doctor consultations made during the 30 days before enumeration, private practitioners of Western medicine in Hong Kong were the most common type of medical practitioners consulted (38.3%), while consultations made with practitioners of Chinese medicine in Hong Kong (including practitioners of Chinese medicine (general practice), bone-setters and acupuncturists) accounted for 20.3%.

Some 3 632 100 persons (51.0% of the total population) were entitled to medical benefits provided by employers/companies, were covered by individually purchased medical insurance, or had both kinds of medical protection. Among them, 1 176 800 persons (32.4%) were entitled to medical benefits from employers/companies and covered by individually purchased medical insurance concurrently. Another 1 112 900 persons (30.6%) were entitled to medical benefits from employers/companies only. The remaining 1 342 400 persons (37.0%) were covered by individually purchased medical insurance only.

Respondents of the survey were also asked about their self-perceived general health condition. More than a quarter (28.1%) of persons considered their general health conditions as excellent or very good; 41.8% good; 25.7% fair; and 4.4% poor.

Among some 4 515 600 persons aged 18 to 64 covered in the survey, some 905 100 persons (20.0%) were willing to donate their organs after death whereas about 828 000 persons (18.3%) were not willing to do so; and 61.6% had not yet decided/considered to do so or did not answer questions on organ donation.

Other information

The survey successfully enumerated target respondents in some 10 100 households in accordance with a scientific sampling scheme to represent the population of Hong Kong.

Detailed findings of the survey, together with the population coverage and concepts/definitions of key terms, are presented in the publication. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1130201&scode=453).

Enquiries about the survey findings can be directed to the Social Surveys Section (2) of the C&SD (Tel: 2887 0592 or email: thematic@censtatd.gov.hk).

Source: AI-found images