Service Exports: The Next Engine of Growth For Hong Kong?

Frank Leung (), Kevin Chow, Jessica Szeto and Dickson Tam
Additional contact information
Kevin Chow: Research Department, Hong Kong Monetary Authority
Jessica Szeto: Research Department, Hong Kong Monetary Authority
Dickson Tam: Research Department, Hong Kong Monetary Authority

No 804, Working Papers from Hong Kong Monetary Authority

Abstract: Increasing economic integration with Mainland China has contributed to the rapid expansion of service exports in Hong Kong. Growing at the current pace of 10-20% per annum, service exports would be a key contributor to GDP in the coming years, thanks to vibrant expansion in offshore trade and strong growth in financial service exports and inbound tourism. Our projections show that, if the size of the Mainland economy doubles over the next decade, service exports could increase from the current 40% of GDP to 50% of GDP by 2016, probably the fastest growing component in GDP.

Keywords: Trade in services; Offshore trade; Hong Kong; Mainland China (search for similar items in EconPapers)
JEL-codes: F1 F2 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2008-04
New Economics Papers: this item is included in nep-cna, nep-int and nep-tur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hkg:wpaper:0804

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