The Economy | 45
business services, 17 per cent; and transport, storage and communications, 10 per cent (Chart 5).
Chart 4
Gross Domestic Product by Major Service Sector
Transport,
storage and
communications
8.3 %
1987
Wholesale, retail and import/export trades, restaurants and hotels
22.9%
Transport,
storage and communications 9.1 %
2007
Wholesale, retail and import/export trades, restaurants and hotels 26.9 %
Finance, insurance, real estate
and business
services
16.9 %
Finance,
insurance,
Other
Community, social and
sectors
real estate and
business services
29.1 %
personal services
37.9%
14.0 %
Community, social and personal services 17.1%
Other sectors 17.8%
Chart 5
The finance, insurance, real estate and business services sector, and the wholesale, retail and import/export trades, restaurants and hotels sector remained the two largest service sectors in terms of net output in 2007.
Employment by Major Service Sector
1988
Wholesale, retail and import/export trades, restaurants and hotels 25.5 %
Wholesale, retail and import/export trades, restaurants and hotels 33.5 %
2008
Other sectors
12.9%
Transport, storage and communications
8.7 %
Finance,
insurance,
real estate and
business services
6.5 %
Community, social and personal services
16.8%
Other sectors 42.5%
Transport, storage and communications
10.4 %
Finance, insurance, real estate and business services 16.6 %
Community, social and
personal services 26.6%
Wholesale, retail and import/export trades, restaurants and hotels employed the most people in 2008.
Note: The compilation methodology of composite employment estimates was reviewed in June 2005. Employment figures from 1996 onwards have been revised accordingly. They are thus not strictly comparable with those of earlier years.
The Manufacturing Sector
Hong Kong's manufacturing sector is expected to continue to be versatile and resilient in coping with the changing environment. Thanks to the increased
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