Table 3    Revision to the % shares of economic sectors in GDP at factor cost

 

 

 

2002

 

 

 

2003

 

 

Before Revision

After Revision

Extent of

revision

 

Before Revision

After Revision

Extent of

revision

Economic activity

%

%

change in % point

 

%

%

change in % point

 

 

 

 

 

 

 

 

Agriculture and fishing

0.1

0.1

0.0

 

0.1

0.1

0.0

Mining and quarrying

0.0

0.0

0.0

 

0.0

0.0

0.0

Manufacturing

4.5

4.2

-0.3

 

4.1

3.7

-0.4

Electricity, gas and water

3.4

3.2

-0.2

 

3.4

3.2

-0.2

Construction

4.4

4.2

-0.2

 

3.9

3.7

-0.2

 

 

 

 

 

 

 

 

Services

87.5

88.4

0.9

 

88.5

89.3

0.8

 

 

 

 

 

 

 

 

Wholesale, retail and

import/export trades,

restaurants and hotels

26.9

25.1

-1.8

 

27.3

25.7

-1.6

    Wholesale and retail trades

3.6

3.1

-0.5

 

3.3

2.9

-0.4

    Import/export trade

20.6

19.6

-1.0

 

21.6

20.6

-1.0

    Restaurants and hotels

2.7

2.4

-0.3

 

2.3

2.1

-0.2

Transport, storage and

Communications

10.6

9.9

-0.7

 

10.5

9.8

-0.7

    Transport, storage

8.2

7.6

-0.6

 

8.2

7.6

-0.6

    Communications

2.4

2.3

-0.1

 

2.3

2.2

-0.1

Financing, insurance,

real estate and

business services

22.2

20.0

-2.2

 

23.1

20.9

-2.2

    Financing and insurance

12.2

11.5

-0.7

 

13.1

12.3

-0.8

    Real estate

5.6

4.3

-1.3

 

5.3

4.0

-1.3

    Business services

4.5

4.3

-0.2

 

4.7

4.5

-0.2

Community, social and

personal services

22.2

21.5

-0.7

 

22.4

21.8

-0.6

Ownership of premises

13.2

11.8

-1.4

 

12.6

11.2

-1.4

Less: Adjustment for financial intermediation services indirectly measured

7.7

-

-

 

7.5

-

-

GDP at factor cost

100.0

100.0

0.0

 

100.0

100.0

0.0

 

@: After implementing the reference rate method, the share of aggregate value added of services sector in GDP at factor cost was revised upwards.  This was because before implementing the reference rate method, all value of financial intermediation services (including those not consumed by service industries) were deducted from the aggregate value added of the services sector, based on the international convention made in 1968.