The GDP composition of Sao Tome and Principe in 2023 reflected a diversified economy. The largest contributor was the "Wholesale, retail trade, restaurants and hotels" sector at 30.89%, followed closely by "Services" at 29.52%. These sectors have shown steady growth with substantial contributions to the economy. The "Agriculture, hunting, forestry, and fishing" and "Transport, storage, and communication" sectors each accounted for approximately 11.5%, demonstrating moderate stability, while "Mining, Manufacturing, Utilities" and "Construction" were the smaller contributors at 9.42% and 7.25%, respectively.
Looking ahead, key trends to watch for include:
- Potential growth in tourism-related sectors which could further uplift "Wholesale, retail trade, restaurants and hotels".
- Investments in infrastructure and technology that may boost the "Construction" and "Transport, storage, and communication" sectors.
- Agricultural modernization and sustainable practices that could enhance productivity and export potential.
- Diversification and value addition in manufacturing to strengthen "Mining, Manufacturing, Utilities".
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Wholesale, retail trade, restaurants and hotels | 30.89 | 2016 | |
| 2 | 2 Services | 29.52 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 11.46 | 2016 | |
| 4 | 4 Transport, storage and communication | 11.45 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 9.42 | 2016 | |
| 6 | 6 Construction | 7.25 | 2016 |
