ENG-2004 — Page 78

48 The Economy

Chart 4

Gross Domestic Product by major service sector

Transport, storage and communications

Finance,

8.2%

insurance, real estate

and business

services 17.7%

1983

Wholesale, retail and import/export trades, restaurants and hotels

Community, social and personal services 15.9%

20.4%

Transport, storage and communications 10.5%

Finance, insurance,

Others 37.8%

real estate

and business

services 23.1%

2003

Wholesale, retail and import/export trades, restaurants and hotels 27.3%

Community, social and personal services 22.4%

Community, social and personal services showed a more distinct increase in net output than other major service sectors over the past two decades. Yet ranked in terms of value added contribution to GDP, the wholesale, retail and import/export trades, restaurants and hotels, together with finance, insurance, real estate and businesses services, remained the two largest service sectors in 2003.

Others 16.7%

Chart 5

Transport,

storage and

Employment by major service sector

1984

Wholesale, retail and import/export trades,

restaurants and hotels

communications

7.6%

Finance, insurance,

real estate

22.6%

2004

Wholesale, retail and import/export trades, restaurants and hotels 31.7%

Others 14.4%

and business

services

5.0% Community,

Others

social and

47.6%

personal

services

17.3%

Transport, storage and communications 11.4%

Community, social and

Finance, insurance,

personal services

real estate and business

27.3%

services 15.2%

Employment in the wholesale, retail and import/export trades, restaurants and hotels took up the largest share in total employment in 2004.