Bangladesh is an overpopulated south Asian developing country. Agriculture, industry, and service are the 3 sectors of its economy, and these sectors are divided into 20 sub-sectors. The objective of this study is to show the movement of its economy along with its sector-wise contribution and growth rate. The study is conducted based on secondary data collected from the website of the Bangladesh Bureau of Statistics. On average, yearly, the contribution of the agricultural sector is 12.46%, the industrial sector is 32.80%, and the service sector is 50.63% in its national Gross Domestic Product (GDP), but the contribution of the industrial sector is increasing, while the contribution of agricultural and service sectors is decreasing. On the other hand, on average yearly, the growth rate of the agricultural sector is 3.32%, the industrial sector is 8.80%, and the service sector is 5.89%, while the national GDP growth rate is 6.44%. Among 20 sub-sectors, the manufacturing sub-sector showed the highest contribution, 22.47%, and growth rate, 11.59%, in 2021. The study claims the economy of Bangladesh is moving toward the industrial sector. The economy of Bangladesh has successfully recovered from the COVID-19 negative shock, but the economy is suffering from another negative shock, the Russia-Ukraine war. Further study is required to measure the Russia-Ukraine war's effect on Bangladesh's economy.
Bangladesh has sovereign rights over almost 118,813 km2 in the Bay of Bengal, which is 81% of its total area. The country has a vast marine area, but its marine fisheries production is only 15% of the national production. More than 60% of the world’s fisheries production comes from the marine sector, but in Bangladesh, the scenario is the opposite, although the country is enough potential. This study is designed to find the year-wise marine fisheries production trend and decompose the production into two sub-sectors called artisanal and industrial. Year-wise fisheries production data, from 2002 to 2021, are collected from the “Year Book of Fisheries Statistics of Bangladesh” available on the website of the department of fisheries of the government of the People's Republic of Bangladesh. Marine fisheries production in Bangladesh is increasing gradually, but the percentage share in national production is decreasing gradually. Marine production was 22.0% of the total in 2002, but it dropped to 14.7% in 2021. In 20 years of marine production, from 2002 to 2021, the average contribution of artisanal fisheries was 88.1%, while the contribution of industrial fisheries was only 11.9%. The standard deviation of artisanal and industrial fisheries is 0.51 and 0.36, respectively, indicating artisanal has high variability than industrial, but the growth rate of industrial is more fluctuated than artisanal. To increase its marine fisheries, policymakers of Bangladesh should develop a separate marine policy and allocate more funds for research and technological support.
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