The latest data indicates Eritrea's GDP composition by sector with services at 27.7%, wholesale and retail trade combined with restaurants and hotels at 19.16%, agriculture, hunting, forestry, and fishing at 17.34%, construction at 15.73%, transport, storage, and communication at 12.27%, and mining, manufacturing, and utilities at 7.8%. Year-on-year analysis shows a shift towards services and trade sectors, with a subtle decline in agriculture's share. The last five years, demonstrate a CAGR indicating moderate growth in services, consistent expansion in construction, and a slight contraction in agriculture.
Future trends to watch include the growing emphasis on modernization and technological upgrades in communication sectors and a potential increase in mining activities, driven by governmental initiatives and foreign investments. Agricultural productivity may stabilize or slightly decline without significant innovation or policy shifts. Monitoring these trends will be crucial for projecting future economic direction.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 27.7 | 2016 | |
| 2 | 2 Wholesale, retail trade, restaurants and hotels | 19.16 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 17.34 | 2016 | |
| 4 | 4 Construction | 15.73 | 2016 | |
| 5 | 5 Transport, storage and communication | 12.27 | 2016 | |
| 6 | 6 Mining, Manufacturing, Utilities | 7.8 | 2016 |
