As a leading international financial centre, Hong Kong’s service sector plays a pivotal role in driving the city’s economy. According to the latest figures from the Census and Statistics Department, the value of services exported from Hong Kong amounted to HK$1,453 billion in 2016, accounting for around 60% of the city’s total exports. The sector also contributed around 84% to Hong Kong’s GDP in 2016, making it the largest contributor to the city’s economy. With its world-class infrastructure and highly skilled workforce, Hong Kong is well-positioned to provide a wide range of services to businesses and individuals around the world. Some of the most popular services exported from Hong Kong include professional services, financial services, information and communications technology (ICT) services, and business services. In this article, we take a look at the top 10 services exported from Hong Kong in 2016, based on the latest figures from the Census and Statistics Department.
There is a wide range of service industries in Hong Kong, including banking, insurance, legal services, accounting, marketing, real estate, architectural, and engineering services. Many of these service industries are world-renowned and have a long history in Hong Kong. For example, the banking sector has been an important part of the economy since the 19th century, and today there are over 100 banks operating in Hong Kong. The insurance sector is also well-developed, with a number of international insurers operating in the city. Other service industries, such as legal and accounting services, are also well-represented.
Overall, it is clear that the service sector in Hong Kong is in good shape. The sector has been able to adapt to changes in the economy and continue to grow. This is good news for the city, as the service sector is a major contributor to GDP.