Nauru GDP Composition by Sector

The composition of Nauru's GDP in 2023 shows a strong reliance on the "Mining, Manufacturing, Utilities" sector, accounting for 55.92%. The "Services" sector follows with 19.14%, while "Wholesale, retail trade, restaurants and hotels" contribute 10.12%. The "Transport, storage and communication" sector makes up 9.04%, and "Agriculture, hunting, forestry, fishing" represents 3.23%. The "Construction" sector has a minimal footprint at 2.56%. Over the past two years, a notable trend is the stability of traditional sectors. The five-year CAGR highlights moderate growth across the board, clearly dominated by the mining and utilities sector.

Looking ahead, Nauru's economy could see shifts depending on global demand for its mining exports. A potential trend to observe is diversification into the services and tourism sectors, potentially offering resilience against sector-specific volatility. Expansion in sustainable industries may also play a crucial role in future GDP composition.

Top countries in GDP Composition by Sector

# 6 Countries Percent Last Year
1 1 Mining, Manufacturing, Utilities 55.92 2016
2 2 Services 19.14 2016
3 3 Wholesale, retail trade, restaurants and hotels 10.12 2016
4 4 Transport, storage and communication 9.04 2016
5 5 Agriculture, hunting, forestry, fishing 3.23 2016
6 6 Construction 2.56 2016

Top Countries about Retail