52 The Economy
together with a notable growth of 15 per cent in transport and storage services, underlined the competitiveness of Hong Kong's trading and logistics sector.
Chart 4
Employment by Broad Economic Sector
1991
2011
Secondary production 32.8%
Secondary production 11.4%
Primary production 1.0%
Primary production 0.1%
Tertiary production 66.2%
Tertiary production 88.5%
Over the past two decades, the share of the services sector in total employment greatly increased, whereas the share of the industrial sector kept on shrinking.
Notes: The compilation methodology of composite employment estimates was reviewed in June 2005. Employment figures from 1996 onwards have thus been revised accordingly. They are not strictly comparable with those of the earlier years.
Starting from the first quarter of 2009, industrial classification of employment has adopted the Hong Kong Standard Industrial Classification Version 2.0 while that in the previous years is based on Version 1.1.
In 2010, the services sector contributed 93 per cent to GDP. Import/export, wholesale and retail trades, and accommodation and food services remained the largest service sectors, accounting for 27 per cent of GDP. This was followed by financing and insurance, real estate, professional and business services (26 per cent), public administration, social and personal services (17 per cent), transportation, storage, postal and courier services, and information and communications (11 per cent) (Chart 5). More specifically, of the four key industries, trading and logistics accounted for 26 per cent of value-added contribution to GDP in 2010, financial services 15 per cent, professional and other producer services 13 per cent, and tourism 4 per cent.
The profound structural change in the economy towards the services sector was also borne out by a shift in the sectoral composition of employment. Over the past two decades, the share of the services sector in total employment increased from 66 per cent in 1991 to 84 per cent in 2001 and 89 per cent in 2011. As for individual service segments, import/export trade and wholesale, retail, accommodation and food services accounted for 32 per cent of the total in 2011. This was followed by public administration, social and personal services with a share of 26 per cent;