4. Bangladesh is a developing country. The
country’s economy is based on agriculture,
Rice, Jute, tea, sugarcane, tobacco, and wheat
are the chief crops. Bangladesh is the world
largest producer of jute. Fishing is also an
important economic activity, and beef, dairy
products, and poultry are also produced.
Except for natural gas, limited quantities of
oil, and some uranium, Bangladesh possesses
few minerals.
5. Three major sectors of
Bangladesh economy. They are:
Agriculture sector
Industry sector
Service sector
Major sectors of Bangladesh economy
6. Agriculture plays a pivotal role in Bangladesh’s
economy and in the lives of the vast majority of
its population. In Bangladesh, most of the people
living beneath the poverty line are farmers. These
are the people to grow the food that feeds us,
but they themselves go hungry. This is mostly
because natural resource tends to an excessive
amount of labor in its extraction. The share of
GDP in agriculture and its price is declining
because there are too many people and in this
sector. Even though income is increasing for
people working in service and industries sector,
the amount of food they consume is not
increasing as much. But their demand for other
goods is increasing, hence creating more job
opportunities in the non-farm sector.
Agriculture sector
7. Sector Name 1990-91 2000-01 2009-10
Agriculture
29.23 25.03 20.29
Role of agriculture sector in GDP
9. Industrial production is a measure of output of the
industrial sector of the economy. The industrial sector
includes manufacturing, mining, and utilities.
Although these sectors contribute only a small portion
of GDP (Gross Domestic Product), they are highly
sensitive to interest rates and consumer
demand.[citation needed] This makes Industrial
Production an important tool for forecasting future
GDP and economic performance. Industrial Production
figures are also used by central banks to measure
inflation, as high levels of industrial production can
lead to uncontrolled levels of consumption and rapid
inflation. Government is keen to expand industry base
and encourage both domestic and foreign
investmentin the sector. In 2000-2001, GDP growth in
industrial sector was about 9%
Industry sector
10. The contribution of agriculture sector is
decreasing due to inactive industrial policy. The
yearly average rate of decrease in agriculture is
40 percentage points whereas the yearly average
increasing rate of industry is 37 percentage points
during the FY 1997-98 to FY 2009-10. The
average rate of growth in broad industrial sector
was 8.25 percent during the FY 2001-02 to FY
2006-07 whereas 7.48 percent in the last five
fiscal years from FY 2007-08 to FY 2009-10.
GDP and Industrial Sector
11. The textile and clothing (T&C) industries form
a major part of manufacturing production,
employment and trade in many developing
countries. The T&C industry is one of the
oldest, largest and most global industries in
the world. It is the typical ‘starter’ industry
for countries engaged in export-orientated
industrialization and is labor-intensive.
Clothing is a key manufacturing export for
many developing countries. Bangladesh, is
the economies with the highest dependence
on clothing exports.
The role of textile and clothing industries
12. Sector Name 1990-91 2000-01 2009-10
Industry 21.04 26.20 29.93
Role of industry sector in GDP