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

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

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

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    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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    © All Rights Reserved
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    363 views8 pages

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

    Uploaded by

    albatrossalone
    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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    © All Rights Reserved
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    of 8

    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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