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 From Hong Kong's Information Services Department
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December 1, 2006
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Statistics
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Import/export adds $306b to GDP
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Census & Statistics Department

A 2005 annual survey shows total receipts five sectors - hotels and boarding houses, import and export trade, wholesale trade, retail trade and restaurants - increased 12.2% in aggregate over a year earlier, the Census & Statistics Department says.

 

Last year saw total receipts of the hotels and boarding houses industry reach $20 billion, a 19.8% rise. Gross surplus - total receipts less total operating expenditure - accounted for 28.8% of total receipts, virtually unchanged from 2004.

 

The hotels and boarding houses industry's value-added - a measure of its contribution to the GDP - increased 23.4% to $13 billion.

 

Total receipts of the import and export trade increased to $2.63 trillion, a 13% increase. Gross surplus accounted for 7.8% of them, up from 6.9% in 2004. Value-added increased 16.9% to $306 billion.

 

The total receipts of the wholesale trade were $168 billion, up 9.3%. Gross surplus accounted for 3.1% of them, down from 3.3% in 2004. Value-added fell 1.5% to $13 billion.

 

The total receipts of the retail trade amounted to $234 billion, a growth 8%. Gross surplus accounted for 7.2% of them, down from 7.5% in 2004. Value-added increased 5.7% over the year to $36 billion.

 

The total receipts of the restaurants trade grew 5.7%, to $64 billion. Gross surplus accounted for 5.2% of them, up from 4% in 2004. Value-added increased 4.7% over the year earlier to $22 billion.

 

The full report will be available in early January, and can be downloaded for free then from the Statistical Bookstore, Hong Kong. Call 2802 1264 for more information.