CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE SECTORTO GDP IN BANGLADESH FROM LATE 1950 TO TILL NOW

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 country’s standard living.Economy of Bangladesh is composed of three main sectors 1) Agriculture, 2) Industry, 3) Service.

Sector Wise GDP change in percentage:  

Year Sector Wise GDP Change in percentageAgriculture Industry Service Total

1941-1950 70 4 26 1001951-1960 62 5 33 1001961-1970 55 10 35 1001971-1980 44 11 45 1001981-1990 32 12 56 1001991-2000 25 15 60 1002001- 2011 18 30 52 100

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

Graphical Representation:

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.

1941-1950 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-20110

20

40

60

80

100

120

Agriculture 18

Industry 30

Service 52

Total 100

Sector Wise GDP Change over the Decade

It is very catastrophic matter for our country because most of our village people depend on agriculture. Growth rate during 1941-2011, Industry sector’s contribution has been increasing, though very  s lowly;   i t  has a  good   impact  on  our economy and  our  movement towards   the  modern  fas t  wor ld.  The sec tor  has jumped   to  30% from 15% in2001-20011. The Service sector growth rate during 1981-2000, Service sector’s contribution went higher   than  average.  Now Service  sector  has  decreased   to  52% of   tota l GDP, though   i t  has decl ined but  again  we are  very  much  opt imis t ic  about   the intensi f ica t ion .   I t   i s  good  s ign   for  our  country  because   in  developed countr ies , service sector contributes more shares in total GDP than other sectors.

Developed Country (USA):

Sector Wise GDP in 2011Agriculture 1.2 %Industry 22.1%Services 76.7 % (est.)

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

1%

22%

77%

USA: Sector Wise GDP Share in 2011Agriculture Industry Service

Developing Country (Malaysia)

Sector Wise GDP in 2011Agriculture 12%Industry 40%Services 48 % (est.)

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

12%

40%

48%

Malaysia: Sector Wise GDP share in 2011

Agriculture Industry Service

Wealth Rich Country (Saudi Arabia):

Sector Wise GDP in 2011Agriculture 2.1%Industry 67.7%Services 30.4% (est.)

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

2%

68%

30%

Saudi Arabia: Sector Wise GDP share in 2011Agriculture Industry Service

Least Developed Country (South Africa):

Sector Wise GDP in 2011Agriculture 2.5%Industry 31.6%Services 65.9% (est.)

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

3%

32%

66%

South Africa: Sector Wise Share in 2011 Agriculture Industry Service

SAARC Country (India)

Sector Wise GDP in 2011Agriculture 18.1%Industry 26.3%Services 55.6% (est.)

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

18%

26%56%

India: Sector Wise GDP Share in 2011

Agriculture Industry Service

China

Sector Wise GDP in 2011Agriculture 10.1%Industry 46.8%Services 43.1% (est.)

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

10%

47%

43%

China : Sector Wise GDP Share in 2011

Agriculture Industry Service