Hangzhou's GDP hits 2.3 trillion yuan in 2025, up 5.2%

Hangzhou's economy maintained steady growth in 2025, with the city's gross domestic product (GDP) reaching 2.30 trillion yuan ($330.45 billion), up 5.2 percent year-on-year, according to official data released on Jan 21.

The growth rate was 0.2 percentage points higher than the national average, reflecting a stable and improving economic performance driven by high-quality development and new growth drivers.

By sector, the primary industry added 38.3 billion yuan, up 3.8 percent; the secondary industry rose 5.0 percent to 563.1 billion yuan; and the tertiary industry increased 5.3 percent to 1.70 trillion yuan. The industrial structure stood at 1.7:24.5:73.8.

Emerging industries and services also continued to play a key role, while residents' incomes rose steadily. In 2025, per capita disposable income reached 80,017 yuan, up 4.2 percent, with the urban-rural income gap further narrowing.

Overall, Hangzhou's economy showed resilience amid external pressures, with solid progress charted in innovation-driven and high-quality development.