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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 countrys standard living. Economy of Bangladesh is composed of three main sectors 1) Agriculture, 2) Industry, 3) Service. Sector Wise GDP change in percentage:

Sector Wise GDP Change in percentage Agriculture Industry Service Total 1941-1950 70 4 26 100 1951-1960 62 5 33 100 1961-1970 55 10 35 100 1971-1980 44 11 45 100 1981-1990 32 12 56 100 1991-2000 25 15 60 100 2001- 2011 18 30 52 100 [Source: www.worldbank.org & https://www.cia.gov/library/publications/the-worldfactbook/fields/2012.html ] Graphical Representation:

Year

Sector Wise GDP Change over the Decade


120 100 80 60 Service, 52 40 Industry, 30 20 0 1941-1950 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-2011 Agriculture, 18 Total, 100

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 ou gh ve r y s l ow l y; i t h as a goo d i m p a ct o n o ur e co nom y an d o u r m ov em e nt t ow a rd s t he m o d er n f ast w orl d. T he s e ct o r h as j um pe d t o 30 % f rom 1 5% i n 2001-20011. The Service sector growth rate during 1981-2000, Service sectors contribution went hi gh e r t h an a v er a ge . No w S e r vi c e s e ct o r h as d ec r e as ed t o 5 2 % of t o t a l GDP , t hou gh i t h as d e cl i ne d but a gai n we ar e v e r y m u ch o pt i m i st i c ab out t he i nt ens i f i c at i on . It i s go od s i gn fo r ou r c ount r y b e c au se i n d ev el op ed cou nt ri e s , service sector contributes more shares in total GDP than other sectors.

Developed Country (USA):


Sector Wise GDP in 2011 Agriculture 1.2 % Industry 22.1% Services 76.7 % (est.) [Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

USA: Sector Wise GDP Share in 2011


Agriculture Industry 1% Service

22%

77%

Developing Country (Malaysia)


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

Wealth Rich Country (Saudi Arabia):


Sector Wise GDP in 2011 Agriculture 2.1% Industry 67.7% Services 30.4% (est.) [Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

Saudi Arabia: Sector Wise GDP share in 2011


Agriculture Industry 2% Service

30%

68%

Least Developed Country (South Africa):


Sector Wise GDP in 2011 Agriculture 2.5% Industry 31.6% Services 65.9% (est.) [Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

South Africa: Sector Wise Share in 2011


Agriculture Industry 2% Service

32% 66%

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

China Sector Wise GDP in 2011 Agriculture 10.1% Industry 46.8% Services 43.1% (est.) [Source: https://www.cia.gov/library/publications/the-world-factbook/fields/2012.html ]

China : Sector Wise GDP Share in 2011


Agriculture Industry Service

10% 43% 47%