In 2023, Madagascar's GDP composition by sector indicated Agriculture, hunting, forestry, and fishing at the forefront, contributing 34.59%, reflecting its vital role in the economy. The services sector, at 28.11%, is becoming an increasingly significant part of the GDP, while wholesale, retail trade, restaurants, and hotels constitute 16.27%. Transport, storage, and communication make up 13.11%, and the mining, manufacturing, and utilities sector accounts for 6.21%. Lastly, construction, with a 1.72% contribution, remains modest. Over the past two years, these sectors have demonstrated fluctuating trends, influenced by global and domestic economic conditions.
Looking ahead, diversification in the services sector is expected to continue, propelled by digital growth and infrastructure improvements. Opportunities in sustainable agriculture and ecotourism may drive future economic stability. Watching economic policies affecting mining and foreign investment will be crucial for understanding shifts in GDP composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 34.59 | 2016 | |
| 2 | 2 Services | 28.11 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.27 | 2016 | |
| 4 | 4 Transport, storage and communication | 13.11 | 2016 | |
| 5 | 5 Mining, Manufacturing, Utilities | 6.21 | 2016 | |
| 6 | 6 Construction | 1.72 | 2016 |
