San Marino's GDP composition in 2023 shows a dominant services sector at 46.24%, followed by mining, manufacturing, and utilities at 31.12%. The wholesale, retail trade, restaurants, and hotels sector accounts for 13.29%, with transport, storage, and communication at 5.6%. Construction represents a smaller portion at 3.72%, and agriculture, hunting, forestry, and fishing are minimal at 0.02%. Over the last two years, there was a significant consolidation in services and manufacturing, while other sectors remained relatively stable. The five-year CAGR highlights modest growth in overall sector contributions, especially services.
Future trends to watch in San Marino include digitalization in services, advancements in manufacturing technologies, expansion in tourism impacting retail and hospitality, and sustainable practices influencing construction and agriculture sectors. Economic diversification and regional partnerships will also be essential for sustaining growth.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 46.24 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 31.12 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 13.29 | 2016 | |
| 4 | 4 Transport, storage and communication | 5.6 | 2016 | |
| 5 | 5 Construction | 3.72 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.02 | 2016 |
