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The Gross Domestic Product in 2022 increased to Nu. 227.81 billion from Nu.
204.66 billion in 2021, which is an increase of Nu. 23.15 billion.   The GDP
recorded a growth of 5.21 percent in 2022 compared to growth of 4.42 percent in
2021.  Similarly, the Gross National Income (GNI) increased by 5.73 percent, an
increase of 1.13 percentage points.

Amongst the major economic sectors, the tertiary (service) sector recorded a
highest growth of 6.62 percent followed by the secondary (manufacturing) sector
at 5.60 percent while the primary sector recorded a contraction ( negative growth)
at -1.15 percent in 2022 compared to 2021.

As a share of the economy, the service sector had the highest share at 53.50 percent followed by the secondary sector at 31.82 percent and the primary sector with 14.67 percent.

On the demand side of the economy, the Final Consumption Expenditure (GFCE)
exhibited a growth of 3.10 percent. While the Household Final Consumption
Expenditure had a growth of 5.55 percent, the Government Final Consumption on
the contrary experienced a decline of -2.32 percent.

The Gross Capital Formation/Investment increased by 28.84 from a growth of
19.96 percent in 2021. As regard’s to the trade, the export of goods and services
declined by ( negative) -8.10 percent, while, the import of goods and services
increased by 17.14 percent in 2022.

With a total population of 763,249 as per the Population Projection 2017–2047
(National), the GDP per capita for 2022 was estimated at Nu. 301,289.48 (the US $
3,833.03), which is an increase of Nu 30,615.55 (USD$ 172.31) from the previous

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