The GDP composition of Antigua and Barbuda shows a strong dominance in services, contributing significantly to the economy. As of 2023, the service sector constituted the bulk of the GDP, followed by wholesale and retail trade, restaurants and hotels. Transport, storage, and communication, along with construction, also play vital roles, though to a lesser extent. Mining, manufacturing, utilities, and agriculture sectors remain minor contributors. Year-on-year changes highlight stability in services, with modest shifts in other sectors. A five-year CAGR indicates slow but steady growth across most sectors, reflecting incremental diversification.
Looking forward, Antigua and Barbuda's economic growth may depend on boosting the service sector, especially tourism, and enhancing infrastructure. Monitoring global tourism trends and focusing on sustainable practices in construction and energy may shape future economic compositions. Additionally, investment in digital communication and technology could drive further advancement in the transport and communication sectors.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 42 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 25.15 | 2016 | |
| 3 | 3 Transport, storage and communication | 11.15 | 2016 | |
| 4 | 4 Construction | 10.94 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 8.9 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.86 | 2016 |
