In 2023, Ireland's GDP composition by sector highlighted the dominance of the services sector at 37.34%, closely followed by mining, manufacturing, and utilities at 36.56%. Transport, storage, and communication contributed 12.6%, while wholesale, retail trade, restaurants, and hotels accounted for 9.74%. The construction sector added 2.76%, and agriculture, hunting, forestry, and fishing represented 1%. Year-on-year variations suggest the resilience of service-based sectors, while traditional sectors like agriculture remain minimal. The five-year CAGR illustrates modest growth in service sectors, indicating a gradual shift in the economic landscape.
Future trends in Ireland's GDP composition might include:
- The potential growth in the technology-driven service sectors.
- The continuous importance of manufacturing and utilities given global economic dependencies.
- Expansion of transport and logistical capabilities, vital for leading export sectors.
- Sustainable practices in agriculture and construction sectors could foster growth amid environmental concerns.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 37.34 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 36.56 | 2016 | |
| 3 | 3 Transport, storage and communication | 12.6 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 9.74 | 2016 | |
| 5 | 5 Construction | 2.76 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1 | 2016 |
