In 2023, Kiribati's GDP was primarily driven by the services sector, contributing 46.98% to the economy. The agriculture, hunting, forestry, and fishing sector followed with a significant share of 23.45%. Transport, storage, and communication accounted for 9.77%, while construction contributed 8.58%. Wholesale, retail trade, restaurants, and hotels, along with mining, manufacturing, and utilities each added 5.61% to the GDP. Over the last five years, the GDP composition has shown a consistent pattern with a CAGR reflecting moderate growth in services and agriculture.
Future trends to watch for in Kiribati's GDP composition include:
- Potential growth in the services sector driven by technology and tourism advancements.
- Enhancements in agriculture and fisheries due to sustainable practices.
- Developments in transport and communication infrastructures to boost economic activities.
- Increased focus on renewable energies and sustainable construction methods.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 46.98 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 23.45 | 2016 | |
| 3 | 3 Transport, storage and communication | 9.77 | 2016 | |
| 4 | 4 Construction | 8.58 | 2016 | |
| 5 | 5 Wholesale, retail trade, restaurants and hotels | 5.61 | 2016 | |
| 6 | 6 Mining, Manufacturing, Utilities | 5.61 | 2016 |
