4. INTRODUCTION
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The Economy of Bangladesh is basically divided into three basic sectors viz.
Service, Agriculture, and Industry.
Among the Economic Sectors in Bangladesh, the Agriculture sector influences the
development of the national economy.
The contribution of the agriculture sectors to the economy of Bangladesh has been
decreasing day by day. Bangladesh’s economy draws its main strength from the
agriculture sector.
The sector contributes 19.10% to GDP (at current prices) and employs 50.28% of
the labor force.
5. Objectives of the study-
The principal objective of this study is to evaluate the significance of the
agriculture sector. To accomplish this basic objective, the following specific
objectives are set:
To analyze the contribution of agriculture to the economy of
Bangladesh.
To conduct a comparative analysis of the agriculture sectors with the
service sectors and industry sectors.
To identify the impediment factors for the decline in agriculture sectors.
To provide recommendations for the development of the agriculture
sectors.
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6. 6
Methodology
Mostly secondary data have been used for analysis. Data have been
collected from Bangladesh Economic Survey, Bangladesh Bureau of
Statistics, Bangladesh Bank, World Bank, Internet websites, Books,
Newspapers, Magazines, and Journals. We have used the required data
for ten years from 2000-01 to 2009-10 for analyzing the contribution of
economic sectors, and the growth rate of each sector viz. service,
industry, and agriculture. Data of service export and import from 2004-
05 to 2009-10 (five years) and the data of employee contribution for 9
years have been explained.
7. Analysis of data
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The growth rate of agriculture sectors (trend) is shown by graphical
presentation. The total contribution of agriculture sector and sector wise
share of major sectors are shown graphically. The average growth rates
between agriculture sector sectors and industry sectors or service sector
or total GDP have been compared by student’s ‘t’ test.
Hypothesis test
1. (There is no significant difference between the growth rate of agriculture
sector and industry sectors.)
2. (There is no significant difference between the growth rate of agriculture
sector and service sectors)
16. 16
Challenges of Agriculture Sector in Bangladesh
Promoting agricultural research for enhancing productivity
Increasing agricultural production through sustainable use of
resources
Diversification toward high value crops
Farm mechanization
Overcoming the socioeconomic constraints
Meeting the challenge of climate change impacts
Conservation of forest resources
Managing open water fisheries
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Recommendations
From this research findings and intensive literature review the following
recommendation should be under taken for the development of agriculture sector of
Bangladesh.
1. To avoid environmental degradation government can take more initiatives.
2. Government can arrange short term or long term loans for farmers for risk taking
3. More concentration to better seed and agricultural research is needed.
4. Farmers should be encouraged to use natural fertilizer.
5. Government can encourage more for production of cash crops like: jute
production, by which we can earn foreign currency.
18. CONCLUSION
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Among the Economic Sectors in Bangladesh, Agriculture sector is the most
important economic sector.
The contribution of agriculture sector to the GDP is about 22.25%. So,
Agriculture sectors influence the development of national economy.
The research aims are to analyze the comparative contribution of agriculture
sector and to provide the recommendation for development of agriculture
sector.