The total income of local residents in Hong Kong in the first quarter increased by 5.1% year-on-year to HK$925.7 billion.

On June 16, the Census and Statistics Department of the Hong Kong Special Administrative Region Government released the preliminary statistics for the total income and related figures of Hong Kong residents for the first quarter of 2026. The total income of Hong Kong local residents in the first quarter of 2026, calculated at current market prices (referring to the total income earned by Hong Kong residents through various economic activities), increased by 5.1% compared to the same period last year to HK$925.7 billion. The estimated local gross domestic product for the same quarter was HK$843.9 billion, with a year-on-year growth rate of 5.3%. The total income of local residents in the first quarter of 2026 exceeded the local gross domestic product by HK$81.8 billion, equivalent to 9.7% of the gross domestic product for that quarter, mainly due to net inflows of investment income. After adjusting for the impact of price changes, the real increase in total income of Hong Kong local residents in the first quarter of 2026 compared to the same period last year was 3.9%, while the real increase in gross domestic product in the same quarter was 5.9%. The total inflow of Hong Kong's initial income (mainly including investment income) in the first quarter of 2026 was HK$529.6 billion, an increase of 1.6% compared to the same period last year, equivalent to 62.8% of the gross domestic product for that quarter. At the same time, the total outflow of initial income in the first quarter of 2026 increased by 1.4% compared to the same period last year to HK$447.8 billion, equivalent to 53.1% of the gross domestic product for that quarter. In terms of the main components of investment income inflows, direct investment income increased by 2.8% compared to the same period last year, mainly due to the increase in direct investment income of some large local enterprises overseas. Securities investment income recorded a 7.4% increase compared to the same period last year, mainly due to the increase in interest income from non-local debt securities obtained by local investors. As for the main components of investment income outflows, direct investment income increased by 2.5% compared to the same period last year, mainly due to the increase in direct investment income of some large multinational companies in Hong Kong. Securities investment income significantly increased by 29.4%, mainly due to the increase in interest income from local debt securities obtained by non-local investors. In terms of country/region analysis, Mainland China continued to be the primary source of total inflow of initial income to Hong Kong in the first quarter of 2026, accounting for 38.8% of the total inflow for that quarter. The British Virgin Islands followed at 16.0%. In terms of total outflow of initial income, Mainland China and the British Virgin Islands remained the main destinations in the first quarter of 2026, accounting for 30.1% and 20.6% of the total outflow for that quarter, respectively.