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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
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.
22%
77%
30%
68%
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 ]
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 ]