Yinzhou district, Ningbo. [Photo/Yongpai App]

Ningbo's economy remained generally stable in 2025. The city's gross domestic product (GDP) reached 1.87 trillion yuan ($268.94 billion), growing 4.9 percent year-on-year at constant prices.

The tertiary industry continued to account for a large show of growth, increasing 5.6 percent and accounting 61.9 percent of overall GDP growth, while the secondary industry expanded 4 percent and the primary industry rose 3.9 percent.

Industrial production, the backbone of Ningbo's economy, showed resilience. The added value of industrial enterprises above the designated size grew 5.3 percent year-on-year.

The service sector maintained stable momentum, supported by strong growth in wholesale and retail trade and the financial sector. Ningbo-Zhoushan Port continued to strengthen its role as a global shipping hub, with cargo throughput rising 4.9 percent and container throughput jumping 9.8 percent to 39.27 million twenty-foot equivalent units (TEUs).

Consumer spending saw modest growth, with total retail sales reaching 570.3 billion yuan, up 1.8 percent. Policies promoting trade-ins boosted sales of home appliances and cultural-office supplies.

The city's total foreign trade volume grew 2.6 percent to 1.46 trillion yuan, with private enterprises accounting for 77.9 percent of the total.

Urban residents reported per capita disposable income of 86,088 yuan, while that of rural residents reached 53,683 yuan. The urban-rural income ratio narrowed from the previous year to 1.60. Per-capita consumption expenditure across the city increased 4.7 percent.