Sector Wise Gdp
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 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-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. 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 slowly; it has a good impact on our economy and our movement towards the modern fast world. The sector 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 total GDP, though it has declined but again we are very much optimistic about the intensification. It is good sign for our country because in developed countries, 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:
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 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-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. 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 slowly; it has a good impact on our economy and our movement towards the modern fast world. The sector 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 total GDP, though it has declined but again we are very much optimistic about the intensification. It is good sign for our country because in developed countries, 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: