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According to the results of the 2011 Annual Survey of Economic Activities - Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors released today (November 30) by the Census and Statistics Department (C&SD), the import/export, wholesale and retail trades, and accommodation and food services sectors' total receipts (i.e. sales and other receipts) amounted to $4,812.2 billion in 2011, representing an increase of 16.4% over 2010; on a per establishment basis, total receipts increased by 12.9% compared with 2010 to $27.6 million in 2011.
Operating expenses, cost of goods sold and compensation of employees of the sectors altogether amounted to $4,443.6 billion in 2011, representing an increase of 15.3% over 2010; on a per establishment basis, they increased by 11.8% compared with 2010 to $25.5 million in 2011.
Gross surplus of the sectors, which is equal to total receipts less operating expenses, cost of goods sold and compensation of employees, increased by 32.5% over 2010 to $368.6 billion in 2011; on a per establishment basis, gross surplus increased from $1.6 million in 2010 to $2.1 million in 2011. Gross surplus accounted for 7.7% of total receipts in 2011, which increased by 1.0 percentage point compared with 2010.
Value added of the sectors, which is a measure of its contribution to Hong Kong's Gross Domestic Product, increased by 19.9% over 2010 to $582.6 billion in 2011; on a per establishment basis, the value added was $3.3 million in 2011, which increased by 16.3% over 2010.
According to the survey results, it was estimated that the sectors comprised some 174 100 establishments and engaged about 1 122 400 persons, or an average of 6.4 persons per establishment, in 2011.
In the import/export trade, total receipts amounted to $3,901.2 billion while operating expenses, cost of goods sold and compensation of employees totalled $3,612.3 billion in 2011. Gross surplus increased from $219.2 billion in 2010 to $288.9 billion in 2011, accounting for 7.4% of total receipts in 2011. Value added increased by 18.3% over 2010 to $419.3 billion.
In the wholesale trade, total receipts amounted to $298.8 billion while operating expenses, cost of goods sold and compensation of employees totalled $291.2 billion in 2011. Gross surplus decreased from $8.1 billion in 2010 to $7.6 billion in 2011, accounting for 2.5% of total receipts in 2011. Value added increased by 3.9% over 2010 to $18.2 billion.
In the retail trade, total receipts amounted to $464.4 billion while operating expenses, cost of goods sold and compensation of employees totalled $415.5 billion in 2011. Gross surplus increased from $32.6 billion in 2010 to $48.9 billion in 2011, accounting for 10.5% of total receipts in 2011. Value added increased by 36.2% over 2010 to $81.6 billion.
In the accommodation services sector which covered hotels, guesthouses, boarding houses and other establishments providing short term accommodation, total receipts amounted to $36.7 billion while operating expenses, cost of goods sold and compensation of employees totalled $21.6 billion in 2011. Gross surplus increased from $10.8 billion in 2010 to $15.1 billion in 2011, accounting for 41.1% of total receipts in 2011. Value added increased by 30.7% over 2010 to $24.7 billion.
In the food services sector which mainly covered restaurants, total receipts amounted to $111.2 billion while operating expenses, cost of goods sold and compensation of employees totalled $103.0 billion in 2011. Gross surplus increased from $7.6 billion in 2010 to $8.2 billion in 2011, accounting for 7.3% of total receipts in 2011. Value added increased by 10.1% over 2010 to $38.8 billion.
Selected statistics for the import/export, wholesale and retail trades, and accommodation and food services sectors in 2010 and 2011 are shown in the attached table.
More detailed survey results on the import/export, wholesale and retail trades, and accommodation and food services sectors will be given in the report "Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2011". Users can download this report (in PDF format) free of charge at the website of C&SD (www.censtatd.gov.hk/products_and_services/products/publications/index.jsp) as from end December 2012.
Starting from 2010, the C&SD collected data on depreciation with a view to enhancing the quality of the statistics on operating cost. The corresponding results will be published in the report "Key Statistics on Business Performance and Operating Characteristics of the Import/Export, Wholesale and Retail Trades, and Accommodation and Food Services Sectors in 2011".
For enquiries about the key statistics on business performance and operating characteristics of the import/export, wholesale and retail trades, and accommodation and food services sectors, please contact the Distribution Services Statistics Section of the C&SD at telephone 2802 1264 or e-mail asw@censtatd.gov.hk.
Ends/Friday, November 30, 2012
Issued at HKT 16:30
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