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Contribution of Agriculture, Industries and Service Sectorto GDP in Bangladesh From Late 1950

The document analyzes the contribution of agriculture, industry, and service sectors to GDP in Bangladesh from the late 1950s to present. It shows that agriculture's contribution declined from 70% in the late 1940s to 18% in 2011 as the industry and service sectors grew. The service sector now contributes over 50% while industry contributes around 28%. Charts compare the sectoral GDP breakdown in Bangladesh to other countries categorized as developed, developing, wealth-rich, least developed, SAARC, and China. Developed countries rely most on services, while developing and wealth-rich countries rely more on industry.

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491 views8 pages

Contribution of Agriculture, Industries and Service Sectorto GDP in Bangladesh From Late 1950

The document analyzes the contribution of agriculture, industry, and service sectors to GDP in Bangladesh from the late 1950s to present. It shows that agriculture's contribution declined from 70% in the late 1940s to 18% in 2011 as the industry and service sectors grew. The service sector now contributes over 50% while industry contributes around 28%. Charts compare the sectoral GDP breakdown in Bangladesh to other countries categorized as developed, developing, wealth-rich, least developed, SAARC, and China. Developed countries rely most on services, while developing and wealth-rich countries rely more on industry.

Uploaded by

albatrossalone
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CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE

SECTORTO GDP IN BANGLADESH FROM LATE 1950 TO TILL NOW

GDP or Gross Domestic Product:


Gross domestic product refers to the market value of all officially recognized final goods and
services produced within a country in a given period. GDP per capita is often considered an
indicator of a countrys standard living.

Economy of Bangladesh is composed of three main sectors


1) Agriculture
2) Industry
3) Service
According to The World Bank the GDP of Bangladesh is $115.6 Billion for the year 2012.

Sector Wise GDP change in percentage:


Year
1941-1950
1951-1960
1961-1970
1971-1980
1981-1990
1991-2000
2001-2010
2011
2012

Sector Wise GDP Change in percentage


Agriculture
Industry
Service
70%
4%
26%
62%
5%
33%
55%
10%
35%
31.6%
20.6%
47.8%
30.3%
21.5%
48.2%
25.5%
25.3%
49.2%
18.5%
28.5%
53%
18.3%
28.2%
53.5%
17.5%
28.5%
53.9%

Total
100%
100%
100%
100%
100%
100%
100%
100%
100%

Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html
http://data.worldbank.org/country/bangladesh

80
70
60
50
40

Agriculture

30

Industry
Service

20
10
0

Observation:
We see the agriculture sector decreasing growth rate during 1941-2011; agriculture sector
contributed 70% of total GDP in 1950. Now agriculture sector has decreased to 18% in 2011.
It is very catastrophic matter for our country because most of our village people depend
on agriculture.
Growth rate during 1941-2011, Industry sectors contribution has been increasing, t h o u g h
very slowly; it has
a good impact on our
economy
and our movement
t o wa r d s t h e m o d e r n f a s t wo r l d . T h e s e c t o r h a s j u m p e d t o 3 0 % f r o m 1 5 %
i n 2001-20011.
The Service sector growth rate during 1981-2000, Service sectors contribution went
h i g h e r t h a n a ve r a g e . N o w S e r v i c e s e c t o r h a s d e c r e a s e d t o 5 2 % o f t o t a l
G D P , t h o u g h i t h a s d e c l i n e d b u t a g a i n w e a r e ve r y m u c h o p t i m i s t i c a b o u t t h e
intensification.It is good sign for our country because in developed countries
service sector contributes more shares in total GDP than other sectors.

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN Developed Country (USA)

Sector Wise GDP in 2012


Agriculture
Industry
Services

1.1 %
19.2%
79.7 %

[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

USA: Sector Wise GDP Share in 2011


Agriculture

Industry

Service

1%
20%

79%

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN Developing Country (Malaysia)

Sector Wise GDP in 2012


Agriculture
11.4%
Industry
40.2%
Services
48.3 %
[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

Malaysia: Sector Wise GDP share in 2011


Agriculture

Industry

Service

12%
48%
40%

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN Wealth Rich Country (Saudi Arabia)

Sector Wise GDP in 2012


Agriculture
Industry
Services

1.9%
64.8%
33.3%

[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

Saudi Arabia: Sector Wise GDP share in 2011


Agriculture

Industry
2%

33%

65%

Service

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN Least Developed Country (South Africa)

Sector Wise GDP in 2012


Agriculture
Industry
Services

2.6%
29.3%
68.1%

[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

South Africa: Sector Wise Share in 2011


Agriculture

Industry

Service

3%

29%
68%

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN SAARC Country (India)

Sector Wise GDP in 2012


Agriculture
Industry
Services

17.4%
26.1%
56.5%

[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

India: Sector Wise GDP Share in 2011


Agriculture

Industry

Service

18%

56%

26%

CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE


SECTORTO GDP IN China

Sector Wise GDP in 2012


Agriculture
Industry
Services

10.1%
45.3%
44.6%

[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

China : Sector Wise GDP Share in 2011


Agriculture

Industry

10%
45%
45%

Service

Comparison of Sector-wise Contribution towards GDP among


Selected Countries:

Country
Category
Developed
Developing
Wealth Rich
Least developed
SAARC
Custom

Country Name
USA
Malaysia
Saudi Arabia
South Africa
India
China

Sector-wise Contribution (2012 est.)


Agriculture
Industry
Service
1.1%
19.2%
79.7%
11.4%
40.2%
48.3%
1.9%
64.8%
33.3%
2.6%
29.3%
68.1%
17.4%
26.1%
56.5%
10.1%
45.3%
44.6%

Bibliography

http://www.indexmundi.com/bangladesh/gdp_composition_by_sector.html
https://www.cia.gov/library/publications/the-world-factbook/geos/bg.html
https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html
http://en.wikipedia.org/wiki/Economy_of_Bangladesh
http://www.nationsonline.org/oneworld/least_developed_countries.htm
http://en.wikipedia.org/wiki/Developed_country
http://en.wikipedia.org/wiki/Developing_country

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