XN000022-1996-06-21 — Page 17

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The value added, which is a measure of the sector's contribution to Hong Kong's gross domestic product, grew by 16%, from $53 billion in 1993 to $62 billion in 1994.

These are some of the major findings of the 1994 Survey of Transport and Related Services, conducted from May last year to early this year, released today (Friday) by the Census and Statistics Department.

All value figures in this press release are expressed in current prices terms, Percentage changes derived from these figures have not been adjusted for price changes. Caution should therefore be taken in interpreting the survey results.

The operating expenses incurred by transport establishments in 1994 accounted for 70.9% of the total receipts. Compared with 1993, this decreased by 1.4 percentage points.

The compensation of employees accounted for 14.5% of the total receipts. This was 0.8 percentage point higher than the 1993 level.

The survey results showed that some 42,000 transport establishments were in operation in 1994, a slight increase of 1% over 1993.

Within the transport sector, air transport accounted for the largest share of value added in 1994, accounting for 24% of the sector's total.

This was followed by land passenger transport (22%), ocean and coastal water transport (18%), services incidental to transport (13%) and land freight transport (12%). Inland water transport and supporting services to water transport and land transport accounted for the remaining 11%.

Compared with 1993, the share of total value added attributable to air transport rose by 2.1 percentage points in 1994, representing a percentage increase of 10%. This was in line with the steady growth in air passenger and cargo throughput.

The share of supporting services to land transport increased by 0.2 percentage point over 1993. This was largely contributed by the thriving business of car parks and vehicular tunnels.

The share of land passenger transport went up by 0.4 percentage point over 1993, representing a percentage increase of 1.7%. This was due to the continued growth in the business of various public transport services.