GDP CONTRIBUTION OF AGRICULTURE, INDUSTRY AND SERVICE SECTOR IN BANGLADESH

Gross Domestic Product (GDP) 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 country’s standard living. Economy of Bangladesh is composed of three main sectors: Agriculture, Industry and Service.

Sector Wise GDP Change of Bangladesh

Table 01: Sector Wise GDP Change of Bangladesh

Year Sector Wise GDP Change in percentageAgriculture Industry Service Total

1951-1960 62 5 33 1001961-1970 55 10 35 1001971-1980 44 11 45 1001981-1990 32 12 56 1001991-2000 25 15 60 1002001- 2010 18 30 52 100

2013 17 30 53 100[Source: www.worldbank.org & https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

Figure 01: Sector Wise Bangladesh GDP Change over Decade.

1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001- 2010 20130

10

20

30

40

50

60

70 62

55

44 32

25

18 17

510 11 12

15

30 3033 35

45

5660

52 53

Sector Wise Bangladesh GDP Change over Decade

Agriculture Industry Service

Year

GDP in

%

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Agriculture Sector. We see the agriculture sector is having decreasing growth rate from 1951-2013. This sector contributed 62% of total GDP in 1950 but now it has decreased to 17% in 2013. It is a matter of disappointment for our country because most of our village people depend on agriculture.

Industry Sector. Though very slowly, the GDP growth rate of Industry Sector from 1950-2013 is increasing. It has a good impact on our economy and our movement towards becoming a middle income country in the world. The sector has gradually increased from 5% to 30% in just 63 years.

Service Sector. Service sector’s contribution went gradually up from 1950 to 2000; then it has declined a bit in last 14 years. Though it has declined but again we are very much optimistic about its growth. It is a good sign for our economy because in developed countries, service sector contributes more % in total GDP than other sectors.

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Sector Wise GDP of a Developed Country (USA)

Table 02: Sector Wise GDP of a Developed Country (USA)

Sector Wise GDP in 2011Agriculture 1.2 %Industry 22.1%Services 76.7 %

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

Figure 02: Sector Wise GDP of USA in 2011.

1.20%

22.10%

76.70%

Sector Wise GDP of USA in 2011

AgricultureIndustryServices

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Sector Wise GDP of a Developing Country (Malaysia)

Table 03: Sector Wise GDP of a Developing Country (Malaysia)

Sector Wise GDP in 2011Agriculture 12%Industry 40%Services 48 %[Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

Figure 03: Sector Wise GDP of Malaysia in 2011.

12%

40%

48%

Sector Wise GDP of Malaysia in 2011

AgricultureIndustryServices

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Sector Wise GDP of a Least Developed Country (South Africa)

Table 04: Sector Wise GDP of a Least Developed Country (South Africa)

Sector Wise GDP in 2011Agriculture 2.5%Industry 31.6%Services 65.9%

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

Figure 04: Sector Wise GDP of South Africa in 2011.

2.50%

31.60%

65.90%

Sector Wise GDP of South Africa in 2011

AgricultureIndustryServices

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Sector Wise GDP of a Wealth Rich Country (Saudi Arabia)

Table 05: Sector Wise GDP of a Wealth Rich Country (Saudi Arabia)

Sector Wise GDP in 2011Agriculture 2.1%Industry 67.7%Services 30.4%

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

Figure 05: Sector Wise GDP of Saudi Arabia in 2011.

2.10%

67.70%

30.40%

Sector Wise GDP of Saudi Arabia in 2011

AgricultureIndustryServices

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Sector Wise GDP of a SAARC Country (India)

Table 06: Sector Wise GDP of a SAARC Country (India).

Sector Wise GDP in 2011Agriculture 18.1%Industry 26.3%Services 55.6%

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

Figure 06: Sector Wise GDP of India in 2011.

18.10%

26.30%

55.60%

Sector Wise GDP of India in 2011

AgricultureIndustryServices

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Sector Wise GDP of China

Table 07: Sector Wise GDP of China.

Sector Wise GDP in 2011Agriculture 10.1%Industry 46.8%Services 43.1%

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

Figure 07: Sector Wise GDP of China.

10.10%

46.80%

43.10%

Sector Wise GDP of China in 2011

AgricultureIndustryServices

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