ENG-2003 — Page 76

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Chart 2

Chart 3

THE ECONOMY

Gross Domestic Product by broad economic sector

1982

2002

Secondary production 30.0%

Secondary production 12.4%

Primary production 0.8%

Primary production 0.1%

Tertiary production 69.1%

Tertiary production 87.5%

Along with a profound shift in economic structure, the share of the tertiary services sector in GDP continued to increase, while the share of the secondary sector dwindled further over the past two decades.

Employment by broad economic sector

1983

2003*

Secondary production

Secondary production 45.9%

14.5%

Primary production 1.8%

Primary production 0.3%

Tertiary production 52.3%

Tertiary production 85.2%

Consequential to the ongoing relocation of the less skill-intensive and lower value added manufacturing processes to the Mainland, as well as the strong growth in service activities in Hong Kong, the tertiary services sector has expanded markedly and has overtaken the secondary sector to become the largest employer in the economy since 1981.

* Average of QI to Q3 2003.