Hong Kong

Services Sector Statistics 1999

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

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INDEX

General Economic Data
World Trade in Commercial Services 1998
Sectoral Contribution to GDP & Gross Output & Percentage of Value-Added
Percentage Employment
Trade in Goods & Services
Service Industries
Selected Service Sectors
Notes
Resources

GENERAL ECONOMIC DATA

GROSS DOMESTIC PRODUCT a

1996

1997 c

1998 c
Expenditure-based GDP (HK$ billion)

1,191.9

1,344.1

1,285.9
Per capita GDP (HK$ thousand)

188.9

206.7

192.3
Total public expenditure (HK$ billion)

211.2

234.8

275.1
as % of GDP b

17.8%

17.5%

21.3%
PERCENTAGE CONTRIBUTION TO GDP a

1980

1987

1997 c
Primary industries d

1.0

0.4

0.1
Manufacturing

23.7

22.0

6.5
Service industries e

75.3

77.6

93.4
Total *

100.0

100.0

100.0
POPULATION AND EMPLOYMENT

1978

1988

1998
Population at end of year (thousands)

4,769.9

5,671.6

6,805.6
Total labour force (thousands)

2,021.3

2,762.8

3,358.6
Sectoral Employment (%) f:      
Primary & manufacturing

N.A.

33.9%

8.7%
Service Industries e

N.A.

66.1%

91.3%
PRICES AND INFLATION

1997

1998

1999
Year-on-year rate of change:

Average

Average

June
Composite Consumer Price Index g

5.8%

2.8%

-4.1%
Composite Consumer Services Price Index g

7.2%

4.1%

-3.5%

World Trade in Commercial Services 1998 h

Leading world and Asian countries

Rank

Exporters

% Share

  

Rank

Importers

% Share

1

 United States

18.1

  

1

 United States

12.5

2

 United Kingdom

7.7

  

2

 Germany

9.4

3

 France

6.1

  

3

 Japan

8.5

4

 Germany

5.9

  

4

 United Kingdom

5.9

5

 Italy

5.4

  

5

 Italy

5.4

6

 Japan

4.7

  

6

 France

4.9

10

 Hong Kong, China

2.6

  

11

 China

2.2

14

 Korea, Rep. of

1.8

  

13

 Taiwan

1.8

15

 China

1.8

  

14

 Korea, Rep. of

1.8

17

 Singapore

1.4

  

15

 Hong Kong, China

1.8

19

 Taiwan

1.3

  

19

 Singapore

1.4

24

 Thailand

1.0

  

28

 Thailand

0.9

Contribution to GDP at Factor Cost i and

Gross Output and Percentage of Value Added

   

% GDP

  

Gross Output

(HK$ million)

  

Value Added

(% Gross Output)
       
   

1987

1997

  

1987

1997

  

1987

1997
1. Primary industries d

0.4

0.1

  

4,050

4,439

  

39.3

39.1
2. Manufacturing

22.0

6.5

  

300,424

264,266

  

26.9

30.3
3. Utilities j

2.6

2.4

  

13,510

37,597

  

71.7

77.7
4. Construction

4.6

5.8

  

36,762

146,772

  

46.3

48.8
5. Distributive trades k

19.9

21.9

  

135,109

505,166

  

53.9

53.5
6. Catering trades l

4.5

3.5

  

25,429

71,173

  

64.6

60.3
7. Transport

6.7

6.6

  

52,156

153,979

  

47.0

52.6
8. Storage & communication

2.0

2.6

  

11,624

68,230

  

62.0

46.6
9. Financing

6.5

10.0

  

36,048

182,168

  

65.9

68.3
10. Insurance

0.8

0.9

  

4,013

16,348

  

70.4

65.8
11. Real estate services

7.3

10.9

  

32,413

165,425

  

82.5

81.6
12. Business services

3.4

4.3

  

19,020

82,932

  

65.1

64.1
13. Government services

5.2

7.0

  

27,188

121,417

  

70.3

71.6
14. Personal services

6.4

7.5

  

42,809

178,496

  

54.9

51.9
15. Private non-profit bodies

2.8

3.3

  

15,897

65,098

  

65.3

62.8
16. Ownership of premises

9.8

13.9

  

37,746

180,806

  

95.0

95.0
17. Adjustment for financial intermediation services indirectly measured

-4.8

-7.3

  

-

-

  

-

  
  All economic activities

100.0 *

100.0

  

794,199

2,244,311

  

46.2

55.0

Composition of Imports and Exports of Goods and Services

(at current market prices)

OVERALL TRADE (HK$ million)      
Goods

1996

1997 c

1998 c
Exports of goods

1,397,917

1,455,949

1,347,649

Domestic exports

212,160

211,410

188,454

Re-exports

1,185,758

1,244,539

1,159,195
Imports of goods

1,539,851

1,619,468

1,432,423
Services      
Exports of services (as % of total exports)

296,188 (17.5%)

295,768 (16.9%)

265,368 (16.5%)
Imports of services (as % of total imports)

170,936 (10.0%)

179,685 (10.0%)

175,966 (10.9%)
Trade Balance (exports less imports)      
Goods

-141,934

-163,519

-84,774
Services

125,252

116,083

89,402
Total trade

-16,682

-47,436

4,628
TRADE IN SERVICES (HK$ million)

Exports of Services

  

Imports of Services
   

1996

1997 c

  

1996

1997 c

1

 Transportation

100,555

102,826

  

39,887

39,165

2

 Travel

84,520

72,086

  

88,640

98,155

3

 Insurance

2,826

2,295

  

3,147

2,966

4

 Financial

19,032

18,758

  

6,266

6,886

5

 Trade-related

68,338

75,501

  

13,880

13,609

6

 Other business

20,917

24,302

  

19,116

18,904

Percentage Employment by Industry

Industry Sector f

1988

1998
     
Primary & manufacturing

33.9%

8.7%
Utilities & construction

8.7%

11.0%
Wholesales, retail & I & E trades, restaurants & hotels

25.5%

31.4%
Transport, storage & communication

8.7%

12.0%
Financial, insurance, real estate & business services

6.5%

13.8%
Community, social & personal services

16.8%

23.2%
     
All industry sectors

100.0 *

100.0 *

Service Industries

 

 

Number of

Establishments

Number of

persons engaged

Business receipts

index (1996=100)
SERVICE INDUSTRIES

Dec 97

Dec 98

Dec 97

Dec 98

1997

1998
Air transport services

771

758

34,591

29,905

106.3

95.7
Banking services

1,954

1,929

86,828

80,504

103.9

97.6
Films entertainment services

1,036

1,001

5,465

4,739

107.3

100.6
Financial markets & fund management services

2,289

2,107

24,049

24,009

165.2

93.3
Import & export trade services

95,970

85,852

510,571

452,539

103.6

90.5
Insurance services

5,179

5,834

21,101

23,994

110.8

115.9
Land transport services m

282

311

153,100

161,100

106.0

108.3
Maritime transport services m

4,734

4,610

75,100

77,100

105.1

100.0
Professional services

10,313

9,135

83,595

78,888

112.7

103.2
Real estate services

13,091

11,217

82,696

77,795

113.8

86.4
Telecommunications services

971

903

36,565

32,525

119.4

115.5
Wholesale & retail services m

67,676

64,803

298,000

287,000

102.6

86.0
SERVICE DOMAINS

Dec 97

Dec 98

Dec 97

Dec 98

1997

1998
Computer & related services n

1,754

1,885

11,632

11,261

110.5

107.7

Tourism, Convention & Exhibition services

88.2

63.1

Selected Services Statistics

BANKING & FINANCE

Dec 97

Dec 98
No. of licensed banks

180

172
No. of restricted licence banks

66

60
No. of deposit-taking companies

115

101
Hong Kong dollar savings deposits rate (% per annum)

4.75

4.25
Hong Kong dollar best lending rate (% per annum)

9.50

9.00
Amount of foreign currency reserves (US$ million)

92,823

89,625
Hang Seng Index (31.7.1964=100)

10,722.76

10,048.58
Total no. of listed companies (of which Chinese state-owned co)

658 (39)

680 (41)
Total market capitalisation (of which Chinese state-owned co.) in HK$ billion

3,202.6 (48.6)

2,661.7 (33.5)
Ranking in the world in terms of market capitalisation

9

11
TELECOMMUNICATIONS

Dec 97

Dec 98
Telephone, facsimile & datel lines (thousands)

3,624

3,708
Telephone sets (thousands)

4,685

4,763
Public mobile telephone service subscribers (thousands)

2,086

2,858
Paging service subscribers (thousands)

933

572
E-mail addresses (thousands)

N.A.

817
 

1997

1998
Internet usage (thousand minutes) o

1,245,962 +

5,359,015
Outward external telephone traffic (thousand minutes)

1,738,236

1,718,519
TOURISM

1997

1998
Total visitor arrivals from China (thousands) p

2,297

2,597
Total visitor arrivals from overseas excluding China (thousands)

8,109

6,977
Total tourism receipts (HK$ million)

69,946

53,079
Hong Kong residents travelling to China & Macau (thousands)

37,847

43,398
Hong Kong residents travelling overseas excluding China & Macau (thousands)

3,758

4,197
Number of hotels

86

88
Number of hotel rooms

33,425

33,981
Hotel occupancy (%)

76

76

Notes

  1. GDP at current prices
  2. Total public expenditure on fiscal year basis; total expenditure on GDP on calendar year basis.
  3. Estimates, subject to revisions later on as more data become available.
  4. Including agriculture and fishing, mining and quarrying
  5. Including utilities & construction, which are classified as service industries by the WTO.
  6. Figures based on a set of composite employment estimates derived from data collected in the General Household Survey & the Quarterly Survey of Employment and Vacancies. The yearly figures refer to the averages of the four quarterly estimates of the year.
  7. 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 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.
  8. WTO Secretariat estimates based on incomplete or preliminary data.
  9. Including adjustment for financial intermediation services indirectly measured.
  10. Including electricity, gas and water.
  11. Including wholesale, retail and import/export trade.
  12. Including restaurants and hotels.
  13. Figures on the number of persons engaged include individual operators such as taxi, public light buses and goods vehicles for land transport services; barges/lighter and stevedoring services providers for maritime transport services; retail pitches and hawkers for wholesale and retail services.
  14. Figures on number of establishments and persons engaged refer to data processing and tabulating services industry only.
  15. Figures on internet usage was first available in August 1997.
  16. Including transients and seamen.

* Precentages may not add up to 100 due to rounding

N.A. Not Available

Sources

Gross Domestic Product

Source: Table 1, Quarterly Report of GDP Estimates, First Quarter 1999, June 1999

Source: Appendix B, Table 2 Hong Kong The 1999-2000 Budget, 3 March 1999

Percentage Contribution to GDP

Population and Employment

Source: Table 2.1 of Hong Kong Monthly Digest of Statistics, June 1999

Prices and Inflation

World Trade in Commercial Services 1998

Contribution to GDP

Other figures supplied by C&S Department.

Gross Output and Percentage of Value Added

Other figures supplied by C&S Department.

Composition of Imports and Exports of Goods and Services

Other figures supplied by C&S Department.

Percentage Employment

Service Industries

Selected Service Sectors

Source: Hong Kong Monetary Authority homepage

Quarterly Supplement to Statistical Digest of the Services Sector, 4th Quarter 1998

Table 7.9 & 7.14 Hong Kong Monthly Digest of Statistics,, June 1999

Source: Office of the Telecommunications Authority Internet home page

Table 6.15, Hong Kong Monthly Digest of Statistics, June 99

Source: Table 6.10, 6.11, 6.12, 6.13, 6.14, Hong Kong Monthly Digest of Statistics, June 99 Hong Kong Tourist Association Internet Homepage

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