Today, Hong Kong is very much a service based economy with the service sector accounting for over 90% of Hong Kong's GDP. Our retail industry along with wholesale, import and export trades, restaurants and hotels account for about 28% of Hong Kong's GDP. Total retail sales for the year 2011 amounted to over HK$405.7 billion dollars and employs a retail workforce of about 255,000 persons with about 63,300 retail establishments.
As the first most important service
industry in Hong Kong, it creates wealth directly and indirectly for the people
of Hong Kong, it serves the public in all conceivable forms and it creates job opportunities.
Our industry is an inseparable part of the economy and will continue to contribute
to the growth and prosperity of Hong Kong.
This section aims to provide readers
with the relevant statistics and data on Hong Kong's retail industry and highlights
some of the current key trends.