The GDP composition of Equatorial Guinea as of 2023 comprises significant contributions from Mining, Manufacturing, and Utilities at 44.49%. The Services sector follows at 29.79%, indicating its vital role within the economy. Wholesale, retail trade, restaurants, and hotels account for 9.52%, while Transport, storage, and communication contribute 8.18%. Construction forms 5.48% of the economy. Notably, Agriculture, hunting, forestry, and fishing constitute 2.54%, reflecting limited engagement in primary industry sectors.
Future trends to monitor in Equatorial Guinea's economic structure include:
- Potential diversification within the Services sector to spur economic stability.
- Expansion or contraction in Mining due to global commodity price fluctuations.
- Growth in Construction and Transport sectors driven by infrastructural investments.
- Developments in Agriculture to enhance food security and reduce dependency on imports.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 44.49 | 2016 | |
| 2 | 2 Services | 29.79 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 9.52 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.18 | 2016 | |
| 5 | 5 Construction | 5.48 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.54 | 2016 |
