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International Monetary Fund. Asia and Pacific Dept

1. Hong Kong SAR is a services-oriented small open economy that relies heavily on the free flow of capital, goods, and people.1 About 90 percent of GDP and employment come from the services sector. Financial services, trade and logistics, and hospitality services, which are underpinned mainly by the free flow of capital, goods, and people, respectively, account for about half of output and employment. Other services, including professional, real estate, IT/telecommunications, and public services, account for the remaining 40 percent of GDP.2