The GDP composition of Comoros in 2023 illustrates a dominant reliance on Agriculture, hunting, forestry, and fishing, accounting for 42.03% of the GDP. The service sector follows with 28.32%, reflecting moderate reliance. Mining, Manufacturing, and Utilities contribute 11.45%, while Wholesale, retail trade, restaurants, and hotels add 8.99%. Transport, storage, and communication sectors cover 8.87%. The construction sector remains minimal at 0.34%. The diverse mix, with agriculture as a core, suggests potential vulnerabilities to climatic and global market shifts.
Future trends to watch for Comoros GDP Composition by Sector include:
- Potential growth in the service sector could diversify the economy.
- Investment in infrastructure may gradually increase the contribution of construction.
- Technological advancements could enhance productivity in agriculture, easing reliance on traditional methods.
- A focus on sustainable practices could mitigate risks associated with environmental factors impacting agriculture.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Agriculture, hunting, forestry, fishing | 42.03 | 2016 | |
| 2 | 2 Services | 28.32 | 2016 | |
| 3 | 3 Mining, Manufacturing, Utilities | 11.45 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 8.99 | 2016 | |
| 5 | 5 Transport, storage and communication | 8.87 | 2016 | |
| 6 | 6 Construction | 0.34 | 2016 |
