ENG-2010 — Page 90

48 The Economy

value-added component of its trading activities over the period. This, together with a notable growth of 16 per cent in transport and storage services, underlined the competitiveness of Hong Kong's trading and logistics sector. The steep increase of 40 per cent in wholesale and retail trades, as well as the strong growth of 18 per cent in accommodation and food services, were underpinned by the strength of domestic demand and the vibrancy in inbound tourism.

Chart 4

Employment by Broad Economic Sector

1990

2010

Secondary production 36.2%

Secondary production 11.6%

Primary production 1.1%

Primary production 0.1%

Tertiary production 62.7%

Tertiary production 88.3%

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 2009, the services sector contributed 93 per cent to GDP. The import/export, wholesale and retail trades, and accommodation and food services remained the largest service sectors, accounting for 27 per cent of the GDP. This was followed by financing and insurance, real estate, professional and business services (26 per cent), public administration, social and personal services (18 per cent), transportation, storage, postal and courier services, and information and communications (9 per cent) (Chart 5). More specifically, of the four key industries, trading and logistics accounted for 24 per cent of value-added contribution to GDP in 2009, financial services 15 per cent, professional and other producer services 13 per cent, and tourism 3 per cent.

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Chart 5