Page 4 - Economic transformation

Figure 1: Gambia GDP (2010 to 2019 – in national currency)

The composition of the economy is also showing signs of transforming
away from agriculture, in favour of construction

The composition of GDP is showing signs of ‘being ready’ for transformation. The

remains heavily reliant on the services industry which, according to GBoS data, accounts

for over half (53 percent) of the GDP (See Figure 2 below). Although the services sector

is the biggest contributor to GDP, suffice it to add that it is a sector that remains largely

unsophisticated and delinked from global value chains.

Figure 2: Composition of GDP (2004 to 2017)

4