HKCSI STATISTICAL CARD 1998

HONG KONG

SERVICE STATISTICS 1998

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	General Economic Data
	World Trade in Commercial Services 1997
	Sectoral Contribution to GDP
	Gross Output & Percentage of Value-Added
	Percentage Employment
	Trade in Goods & Services
	Selected Service Sectors (Finance, Telecommunciations, Tourism)

	Notes
	Sources

	In preparing this statistical data, we are grateful to the Census and Statistics Department of the Government of the Hong Kong Special Administrative Region for their help and the HongkongBank for their sponsorship.

GENERAL ECONOMIC DATA

Gross Domestic Product

1995

1996^*a

1997^*a

Total expenditure on GDP (HK$ billion)

1,077.1

1,192.6

1,339.1

Per capita GDP (HK$ thousand)

175.0

189.0

205.9

Total public expenditure (HK$ billion)

191.3

211.2

243.9

as % of total expenditure on GDP ^*b

17.8%

17.7%

18.2%

Percentage Contribution to GDP

1986

1996

Primary industries

0.6

0.2

Manufacturing

22.6

7.3

Service industries ^*c

76.9

92.5

Total

100.0

Population & Employment

1987

1997

Population at end of year (thousands)

5,615

6,617

Total labour force (thousands)

2,728

3,216

Sectoral Employment (%)^*d:

Primary & Manufacturing

36.0

10.3

Service Industries ^*c

64.0

89.7

Prices & Inflation

1996

1997

1998

Year-on-year rate of change

Average

May

Composite Consumer Price Index ^*e

6.3%

5.8%

4.5%

Composite Consumer Services Price Index ^*e

8.5%

7.2%

5.9%

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World Trade in Commercial Services 1997^*f

Leading World and Asian Countries

Rank	Exporters	% Share	Rank	Importers	% Share
1	United States	17.8	1	United States	12.0
2	United Kingdom	6.5	2	Japan	9.7
3	France	6.3	3	Germany	9.2
4	Germany	5.6	4	United Kingdom	5.5
5	Italy	5.5	5	Italy	5.5
6	Japan	5.3	6	France	4.9
9	Hong Kong, China	2.9	9	Korea, Rep. of	2.6
12	Singapore	2.3	12	Taiwan	1.9
14	Korea, Rep. of	2.2	14	China	1.9
16	China	1.8	15	Hong Kong, China	1.8
19	Taiwan	1.3	18	Singapore	1.5
N/A	Thailand	N/A	20	Thailand	1.4

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Contribution to GDP

		% GDP
		1986	1996
1.	Primary industries	0.6	0.2
2.	Manufacturing	22.6	7.3
3.	Utilities	2.8	2.4
4.	Construction	4.8	5.8
5.	Distributive trades	17.9	22.9
6.	Catering trades	4.4	3.7
7.	Transport	6.1	7.0
8.	Storage & Communication	2.0	2.8
9.	Financing	6.2	9.9
10.	Insurance	0.8	1.0
11.	Real estate services	6.8	10.2
12.	Business services	3.2	4.0
13.	Government services	5.8	7.1
14.	Commercial services	7.2	7.2
15.	Private non-profit bodies	3.0	3.3
16.	Ownership of premises	10.1	13.0
17.	Adjustment for financial intermediation services indirectly measured	-4.4	-7.9
	Total GDP *^g**	100.0	100.0

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Gross Output & Percentage of Value Added

		Gross Output		Value Added
		(HK$ Million)		(% Gross Output)
		1986	1996	1986	1996
1.	Primary industries	4,046	4,409	40.9	39.8
2.	Manufacturing	2,41,266	283,595	27.7	29.2
3.	Utilities	12,008	34,242	69.8	78.8
4.	Construction	30,967	134,284	46.0	48.4
5.	Distributive trades	101,787	473,567	52.1	54.8
6.	Catering trades	20,449	68,929	63.7	60.8
7.	Transport	43,964	151,168	41.3	52.7
8.	Storage & Communication	9,453	60,539	64.0	52.0
9.	Financing	27,624	159,110	66.5	70.6
10.	Insurance	3,208	16,166	69.4	68.7
11.	Real estate services	24,925	140,586	81.3	82.3
12.	Business services	14,203	74,181	66.5	61.2
13.	Government services	24,138	110,834	70.5	72.2
14.	Commercial services	39,180	159,923	54.7	51.2
15.	Private non-profit bodies	13,710	59,148	65.1	62.7
16.	Ownership of premises	31,615	155,312	95.0	95.0
	All economic activities^*g	642,542	2,085,992	46.1	54.2

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Percentage Employment

Industry Sector **^d***	1987	1997
Primary & manufacturing	36.0	10.3
Utilities & construction	8.3	10.4
Wholesales, retail and import/export trades, restaurants and hotels	24.5	33.5
Transport, storage & communication	8.3	11.3
Financial, insurance, real estate & business services	6.1	12.9
Community, social & personal services	16.7	21.6
All industry sectors	100.0	100.0

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Composition of Imports & Exports of Goods & Services

(at current market prices)

OVERALL TRADE (HK$ million)

1995

1996^a

1997^a

Goods

Exports of goods

1,344,127

1,397,918

1,455,949

Domestic exports

231,657

212,160

211,410

Re-exports

1,112,470

1,185,758

1,244,539

Imports of goods

1,495,706

1,539,851

1,619,468

Services

Exports of services

265,635

292,757

293,373

as % of total exports

16.5%

17.3%

16.8%

Imports of services

160,877

167,761

177,000

as % of total imports

9.7%

9.8%

9.9%

Trade Balance (exports less imports)

Goods

-151,579

-141,933

-163,519

Services

104,758

124,996

116,373

Total trade

-46,821

-16,937

-47,146

Trade in Services

1995

1996^a

Exports of Services (HK$ million)

Transportation

96,424

97,347

Travel

74,914

84,520

Insurance

3,699

2,855

Financial

16,343

18,450

Trade-related

54,246

67,794

Other business

20,009

21,791

Imports of Services (HK$ million)

Transportation

38,305

38,017

Travel

81,203

88,640

Insurance

4,653

3,036

Financial

6,106

6,503

Trade-related

12,421

11,808

Other business

18,189

19,757

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SELECTED SERVICE SECTORS

Finance

Dec 1996

Dec 1997

May 1998

No. of licensed banks

182

180

177

No. of restricted licensed banks

No. of deposit taking companies

124

115

112

Money Supply M1 (HK$ billion)

217.5

208.1

191.0

Money Supply M2 (HK$ billion)

2,532.2

2,744.3

2,781.2

Money Supply M3 (HK$ billion)

2,611.6

2,826.9

2,841.7

Total deposits of banks & DTCs (HK$ Billion)

2,458.3

2,665.7

2,670.6

Telecommunications

Dec 1987

Dec 1996

Dec 1997

May 1998

Effective capacity (thousand lines)

3,508

3,786

3,883

Wire Services (thousands)

Telephone lines

1,988.5

3,401.9

3,624.3

3,663.1

Residential

1,414.6

2,028.2

2,098.2

2,122.2

Business

573.9

1,373.7

1,526.1

1,540.9

Telephone line per 1000 population

356

530

548

Telephone sets

2,662.0

4,445.7

4,685.0

4,727.9

Facsimile lines

32.2

307.7

342.7

349.2

Wireless Services (thousands)

Paging receivers

376.8

1,089.9

932.9

795.2

Mobile phone subscribers

28.1

1,210.7

2,085.6

2,327.3

Traffic Volume (million minutes)

1995

1996

1997

International telephone ^*h

3,209

3,582

3,858

International telex

43.0

37.0

28.2

Internal telex

20.6

18.6

16.9

Number of leased circuits

1,946

2,107

2,117

Tourism

1995

1996

1997

Total visitor arrivals (thousands) ^*i

10,200

11,703

10,406

China

2,243

2,311

2,297

Taiwan

1,761

1,821

1,783

Japan

1,691

2,383

1,369

SE Asian

1,264

1,446

1,339

Europe

1,137

1,182

1,065

Total tourism receipts (HK$ million)

72,939

82,462

69,946

China

13,746

15,209

15,579

Taiwan

15,120

13,749

12,609

Japan

14,111

18,502

9,213

SE Asian

9,140

9,989

8,978

Europe

6,971

7,895

6,960

HK residents travelling overseas (thousands)

34,443

37,140

41,605

China & Macau

31,420

33,694

37,847

Others

3,023

3,445

3,758

Number of hotel rooms

33,052

33,536

33,425

Hotel occupancy (%)

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FOOTNOTES

Estimates, subject to later revisions.
Total public expenditure on fiscal year basis; total expenditure on GDP on calendar year basis.
Including utilities and construction, which are classified as service industries by the WTO.
Figures based on a set of composite employment estimates derived from data collected in the General Household Survey and the Quarterly Survey of Employment and Vacancies.
The Composite CPI covers about 90% of households in Hong Kong with a monthly household expenditure of HK$4,000-59,999 per month in the base period (1994/95), and its year-on-year rate of change is often taken as a measure of general inflation. The CSPI index is developed by the HKCSI and is derived from the services items in the CPI. The Composite CSPI occupies 49.75% of the weighting of the Composite CPI.
WTO Secretariat estimates based on incomplete or preliminary data.
Including adjustment for financial intermediation services indirectly measured.
Includes voice, fax and data.
Include visitors, transients and seamen from the People's Republic of China holding PRC passports, two-way permits or seamen books, etc.

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SOURCES

Gross Domestic Product

Total expenditure on GDP: Table 1, Quarterly Report of GDP, First Quarter 1998, August 1998.

Total public expenditure: Figures refer to actual total public expenditure. Source: Appendix B, Hong Kong The 1998-99 Budget, 18 February 1998

As % of total expenditure on GDP: Calculated from above.

Percentage Contribution to GDP

Table 6, Quarterly Report of GDP Estimates, First Quarter 1998, August 1998

Population and Employment

Population: Table 2.1 of Hong Kong Monthly Digest of Statistics, December 1994 and May 1998

Labour force: 1987 figures from Table 2.1 of Hong Kong Annual Digest of Statistics, 1997 Edition; 1997 figures from Table 2.1 of Hong Kong Monthly Digest of Statistics, May 1998; Other figures supplied by C&S Department

Prices and Inflation

CPI reports and HKCSI's CSPI report.

World Trade in Commercial Services 1997

World Trade Organization Focus Newsletter, March 1998

Contribution to GDP

Table 6, Quarterly Report of GDP Estimates, First Quarter 1998; Other figures supplied by C&S Department.

Gross Output and Percentage of Value Added

1986 figures from Table 12, Estimates of GDP 1961-1997; Other figures supplied by C&S Department.

Percentage Employment

Figures supplied by C & S Department

Composition of Imports and Exports of Goods and Services

Table 5, Quarterly Report of GDP Estimates, First Quarter 1998

Selected Service Sectors

Finance: Monthly Statistical Bulletin, July 98, Hong Kong Monetary Authority

Telecommunications: Office of the Telecommunications Authority Internet home page; Table 6.16, Hong Kong Monthly Digest of Statistics, July 98; Working Business telephone lines includes keylines, PABX, FAX and others; Working Telephone lines per 1000 population: Working telephone lines divided by year-end population.

Tourism: Table 6.10, 6.11, 6.12, 6.13, 6.14, Hong Kong Monthly Digest of Statistics, May 98; Hong Kong Tourist Association Internet Homepage.

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	Total expenditure on GDP: Table 1, Quarterly Report of GDP, First Quarter 1998, August 1998.
	Total public expenditure: Figures refer to actual total public expenditure. Source: Appendix B, Hong Kong The 1998-99 Budget, 18 February 1998
	As % of total expenditure on GDP: Calculated from above.

	*Population: Table 2.1 of Hong Kong Monthly Digest of Statistics, December 1994 and May 1998*
	Labour force: 1987 figures from Table 2.1 of Hong Kong Annual Digest of Statistics, 1997 Edition; 1997 figures from Table 2.1 of Hong Kong Monthly Digest of Statistics, May 1998; Other figures supplied by C&S Department

	Finance: Monthly Statistical Bulletin, July 98, Hong Kong Monetary Authority
	Telecommunications: Office of the Telecommunications Authority Internet home page; Table 6.16, Hong Kong Monthly Digest of Statistics, July 98; Working Business telephone lines includes keylines, PABX, FAX and others; Working Telephone lines per 1000 population: Working telephone lines divided by year-end population.
	Tourism: Table 6.10, 6.11, 6.12, 6.13, 6.14, Hong Kong Monthly Digest of Statistics, May 98; Hong Kong Tourist Association Internet Homepage.