The composition of Cuba's GDP in 2023 shows a predominant services sector at 41.03%. The wholesale and retail trade, along with restaurants and hotels, provide a significant contribution at 23.75%. Mining, manufacturing, and utilities account for 17.77%, while transport, storage, and communication make up 8.43%. Construction contributes 5.14%, and agriculture, inclusive of hunting, forestry, and fishing, is at 3.87%. Year-over-year variations indicate a stable distribution with slight shifts, while the five-year CAGR reflects a modest overall economic evolution.
Future trends to monitor include potential shifts in the services sector driven by tourism recovery, technology upgrades in communication, and changes in international trade impacting wholesale and retail dynamics. Additionally, progression in sustainable construction and advancements in agriculture may reshape the economic landscape.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 41.03 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 23.75 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 17.77 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.43 | 2016 | |
| 5 | 5 Construction | 5.14 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 3.87 | 2016 |
