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Sector wise GDP Contribution in Bangladesh & different countries GDP
1. 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:
Sector Wise GDP Change over the Decade
120
100 Total, 100
80
60
Service, 52
40
Industry, 30
20 Agriculture, 18
0
1941-1950 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-2011
2. 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, 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 sector’s 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 Service
1%
22%
77%
3. 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 Service
2%
30%
68%
4. 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 Service
2%
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%
5. 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%