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GVA dips 21.9 pct in 2015

The city’s Gross Value Added of all economic activities declined by 21.9 per cent year-on-year in real terms in 2015 due to the substantial adjustment of Gaming & Junket Activities, according to the Statistics and Census Service (DSEC). In the year, the importance of the tertiary sector to the economy dropped from 94.9 per cent to 92.2 per cent, in which the share of Gaming & Junket Activities tumbled by 10.4 percentage points to 48 per cent. Meanwhile, the share of the secondary sector rose from 5.1per cent to 7.8 per cent, with Construction growing 2.4 percentage points year-on-year to 6.5 per cent.