Major service industries record double-digit gains in business receipts in Q4 2025

By service domain, the Computer and IT services led growth with a 101.8% increase.

The Census and Statistics Department (C&SD) reported that financing (except banking), insurance, import/export trade, and banking posted double-digit gains in business receipts in the fourth quarter (Q4) of 2025. 

The service industries recorded increases of 34.7%, 31.9%, 20.1%, and 16.0%, respectively; whilst the warehousing and storage sector recorded a 3.3% decline.

Based on service domain, the computer and information technology services posted the largest increase, up 101.8%, whilst the tourism, convention and exhibition services domain also increased by 11.7% year on year.

A service domain differs from a service industry in that it comprises those economic activities which straddle different industries but are somehow related to a common theme, the C&SD explained. 

On a seasonally adjusted quarter-to-quarter (QoQ) basis, business receipts in most major service industries also increased compared with Q3 2025.

Financing (except banking), real estate, and accommodation services posted QoQ growth, whilst insurance declined.

The tourism, convention, and exhibition services domain rose 9.3%, and computer and IT services increased 1.6% from the previous quarter.

For the full year 2025, most major service industries recorded year-on-year double-digit increases, with financing (except banking) rising 32.1%, insurance 29.6%, import/export trade 20.9%, and banking 15.6%.

C&SD noted that real estate and warehousing and storage industries declined by 3.5% and 3.1%, respectively.

Computer and IT services rose 85.5% for the year, and tourism, convention, and exhibition services increased 6.6%.

A government spokesman noted that business receipts in almost all service industries grew in Q4 2025, with financing (except banking), insurance, import/export trade, and banking reporting double-digit gains. Retail and accommodation services also saw accelerating growth.

Looking ahead, service industries are expected to expand further, supported by global economic growth, improved local consumption sentiment, and rising inbound visitor arrivals.

The government will monitor external uncertainties, including geopolitical tensions in the Middle East and changes in trade and economic policies in major economies.