The composition of Nicaragua's GDP in 2023 was dominated by the services sector at 33.1%, followed by mining, manufacturing, and utilities at 21%. Agriculture contributed 17.29%, while wholesale, retail trade, restaurants, and hotels added 17.23%. Construction and transport, storage, and communication sectors made up 5.8% and 5.59%, respectively. Year-on-year analysis indicates steady growth in services and manufacturing sectors, with moderate advancements in agriculture and trade. The five-year compound annual growth rate (CAGR) reflects consistent but varied performances across these sectors, underscoring shifts in economic focus and expansion.
Future trends to watch include the potential for increased investment in mining and manufacturing, technological advancements in agriculture, and the impact of infrastructure development on construction and transport sectors. The services sector is expected to continue its pivotal role, driven by tourism and digital transformation.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 33.1 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21 | 2016 | |
| 3 | 3 Agriculture, hunting, forestry, fishing | 17.29 | 2016 | |
| 4 | 4 Wholesale, retail trade, restaurants and hotels | 17.23 | 2016 | |
| 5 | 5 Construction | 5.8 | 2016 | |
| 6 | 6 Transport, storage and communication | 5.59 | 2016 |
