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HK's Transport Sector Receipts Up by 9 Percent in 2002

Hong Kong's transport sector recorded total receipts of 302.4 billion Hong Kong dollars (US$38.8 billion) in 2002, 9 percent higher than a year earlier, while the gross surplus climbed 27 percent to 42.2 billion Hong Kong dollars (US$5.4 billion), Hong Kong's Census and Statistics Department said on Tuesday.

 

Releasing findings of an annual survey on transport and related services, the department said the gross surplus accounted for 13.9percent of total receipts.

 

The sector's value added, a measure of its contribution to Hong Kong’s GDP, amounted to 89.5 billion Hong Kong dollars (US$11.5 billion), up 5 percent on the previous year.

 

The five largest value added major industry groups were air transport, land passenger transport, services incidental to transport, ocean and coastal water transport, and land freight transport. They together accounted for 89 percent of the total value added of the whole transport sector.

 

(Xinhua News Agency December 31, 2003)

 

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