In 2023, the GDP composition of Vanuatu was predominantly dominated by the services sector at 30.91%, followed closely by agriculture, hunting, forestry, and fishing sectors constituting 26.96%.
Wholesale, retail trade, restaurants, and hotels accounted for 23.48%, highlighting their considerable impact. Transport, storage, and communication contributed 9.06%, while mining, manufacturing, and utilities held a modest share at 5.61%. Construction was the smallest sector at 3.98%.
Over the past year, there were minor shifts in sector contributions, and over a five-year outlook, services and trade sectors showed a moderate increase, with agriculture experiencing slight volatility.
Future trends to watch include:
- Potential growth in tourism enhancing the services and trade sectors.
- Technological advancements potentially boosting the transport and communication sectors.
- Sustainable practices possibly increasing the agriculture sector’s contributions.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 30.91 | 2016 | |
| 2 | 2 Agriculture, hunting, forestry, fishing | 26.96 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 23.48 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.06 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 5.61 | 2016 | |
| 6 | 6 Construction | 3.98 | 2016 |
