Pecohub Available official data indicates that while the real sector, consisting mainly of manufacturing and agriculture, is entering its sixth consecutive year of decline in 2025, the services sector is on the increase.
In contrast, the Services sector recorded average contributions of 54.9 per cent.
Available data from the National Bureau of Statistics (NBS) shows that the manufacturing sector’s contribution to the economy in 2020 stood at 8.99 percent and 8.99 percent in 2021, it declined to 8.91 percent in 2022; 8.64 percent in 2023; and 8.41 percent in 2024.
Similarly, the Agriculture sector contributed 26.21 percent in 2020 and declining to 25.88 percent in 2021; 25.58 percent in 2022; 25.18 percent in 2023; and 24.64 percent in 2024.
Comparatively, the Services sector contributed 52.44 percent to GDP in 2020 and rising to 53.56 percent in 2021; 55.40 percent in 2022; 56.18 percent in 2023; and 56.89 percent in 2024.
