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Sikkim is naturally endowed with rich flora and fauna. Its climate and topographical conditions support industries such as agriculture, horticulture, food processing, tourism and non-timber forest produce.
At current prices, the total Gross State Domestic Product (GSDP) of Sikkim was about US$ 585.2 million in 2007-08. The state's GDP grew at a CAGR of 13.9 per cent between 1999-2000 and 2007-08. Sikkim was among the states that recorded high GSDP growth rates between 1999-2000 and 2007-08. The secondary sector has been the fastest growing sector, at a CAGR of 13 per cent between 1999-2000 and 2007-08. It is driven by construction and hydroelectric power generation.
At over 69 per cent, the tertiary sector is the largest contributor to Sikkim's economy. It grew at a CAGR of 10.6 per cent and is driven by trade, hotels, real estate, transport and communications. The primary sector's share in the GSDP has been consistent at 25.3 per cent, driven mainly by agriculture. It recorded a CAGR of 10.4 per cent between 1999-2000 to 2007-08.
In 2007-08, the state's per capita GSDP was US$ 986.8. The per capita GSDP increased at a CAGR of 11.9 per cent between 1999-2000 and 2007-08. It has more than doubled during this period. Trade, tourism, transportation and agriculture have been the key drivers of the increase in per capita GSDP.
State Presentation (April 2010)
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