The GDP composition of Puerto Rico for 2023 highlights the dominance of the "Mining, Manufacturing, Utilities" sector at 49.46%, followed by "Services" at 35.47%. The "Wholesale, retail trade, restaurants and hotels" sector contributes 9.64%, "Transport, storage, and communication" at 3.65%, "Construction" at 0.97%, and "Agriculture, hunting, forestry, fishing" at 0.8%. Over the past five years, sectors such as Services and Manufacturing have shown a moderate growth trend, while traditional sectors like Agriculture and Construction have remained relatively stagnant or slowly declining.
Future trends to watch for Puerto Rico's GDP include:
- Further development in the Services sector, potentially driven by technological advancements and tourism
- Continued stability or slow growth in Manufacturing, influenced by global economic conditions
- Potential for growth in the Agriculture sector with innovative practices
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 49.46 | 2016 | |
| 2 | 2 Services | 35.47 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 9.64 | 2016 | |
| 4 | 4 Transport, storage and communication | 3.65 | 2016 | |
| 5 | 5 Construction | 0.97 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.8 | 2016 |
