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A Project
On
The Overview of the Agricultural Sector of Bangladesh:
Prospects and Challenges
Introduction
Bangladesh is mainly an agricultural country. As it accounts for around
30% of the country's GDP and employs around 60% of the total labor
force and it is the single largest producing sector of the economy.
Main Agricultural Products of Bangladesh:
Crops,
Livestock,
Fisheries, and
Forests
At present the total cropped land is 1,50,34,071 hectare and there are
1,51,83,183 holding firms in total.
Methodology of the Study
Mostly secondary data have been used for this analysis. Data have been
collected from-
Bangladesh Economic Survey,
Bangladesh Bureau of Statistics,
News Portal and Internet web sites,
Books, Newspapers, Magazines and Journals.
Objectives of the Study
Main Objectives:
To examine the contribution of agriculture to Bangladesh's economy.
To provide a comparative analysis of the agricultural sector with the
service sector and sectors of industry.
To provide recommendations for agricultural sector development.
Specific Objective:
To determine the current situation of the Bangladesh agricultural
sector.
Role of Agricultural Sector in Bangladesh
Economy
Increased the Rate of Employment.
Increase of GDP Rate. In 2020 GDP rate increased by 12.66% by
agriculture.
Contribution in Industrial Development.
Foreign Exchange Earning.
Improvement of Service Sector.
Export of Agricultural Products from
Bangladesh
According to the 2019-2020 FY report, the agriculture sector contributes
8.6% in Bangladesh’s annual GDP.
From FY 2019-20, Bangladesh has exported more than $900 million
and the rate of value was 35%, which is one of the biggest successes for
Bangladesh. Bangladesh exports mainly vegetables, betel leaf, tea, dry
food, tobacco, fruit, and foliage products.
Prospects of Agricultural Sector
Protection of arable land
Adaptation to climate change
Fertilizer management
Water management
Production of quality seeds
Fair price of products
Return to research investment
Challenges of Agricultural Sector of
Bangladesh
Climate change
Acidification of water and soil
Natural hazards
Riverbank erosion
Soil fertility
Government policy
Findings
Strengths of agricultural sector of Bangladesh:
Skilled and efficient human resources
Suitable weather
Traditional cultivating process
Collaborating for groups
Weaknesses of agricultural sector of Bangladesh:
Poor contact
Lack of sufficient technology
Loss of awareness
Calamity in nature (Flood, Cyclone, Heavy Raining etc.)
Recommendations
More steps should be taken to prevent environmental destruction by
the government.
Government should promote more to grow cash crops, such as: jute
production, which helps us to earn foreign currency.
Government can arrange short-term or long-term loans for risk-taking
farmers.
The Weather Service should ensure the consistency and accessibility
of the weather and report to farmers.

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Overview of the Agricultural Sector of Bangladesh

  • 1. A Project On The Overview of the Agricultural Sector of Bangladesh: Prospects and Challenges
  • 2. Introduction Bangladesh is mainly an agricultural country. As it accounts for around 30% of the country's GDP and employs around 60% of the total labor force and it is the single largest producing sector of the economy. Main Agricultural Products of Bangladesh: Crops, Livestock, Fisheries, and Forests At present the total cropped land is 1,50,34,071 hectare and there are 1,51,83,183 holding firms in total.
  • 3. Methodology of the Study Mostly secondary data have been used for this analysis. Data have been collected from- Bangladesh Economic Survey, Bangladesh Bureau of Statistics, News Portal and Internet web sites, Books, Newspapers, Magazines and Journals.
  • 4. Objectives of the Study Main Objectives: To examine the contribution of agriculture to Bangladesh's economy. To provide a comparative analysis of the agricultural sector with the service sector and sectors of industry. To provide recommendations for agricultural sector development. Specific Objective: To determine the current situation of the Bangladesh agricultural sector.
  • 5. Role of Agricultural Sector in Bangladesh Economy Increased the Rate of Employment. Increase of GDP Rate. In 2020 GDP rate increased by 12.66% by agriculture. Contribution in Industrial Development. Foreign Exchange Earning. Improvement of Service Sector.
  • 6. Export of Agricultural Products from Bangladesh According to the 2019-2020 FY report, the agriculture sector contributes 8.6% in Bangladesh’s annual GDP. From FY 2019-20, Bangladesh has exported more than $900 million and the rate of value was 35%, which is one of the biggest successes for Bangladesh. Bangladesh exports mainly vegetables, betel leaf, tea, dry food, tobacco, fruit, and foliage products.
  • 7. Prospects of Agricultural Sector Protection of arable land Adaptation to climate change Fertilizer management Water management Production of quality seeds Fair price of products Return to research investment
  • 8. Challenges of Agricultural Sector of Bangladesh Climate change Acidification of water and soil Natural hazards Riverbank erosion Soil fertility Government policy
  • 9. Findings Strengths of agricultural sector of Bangladesh: Skilled and efficient human resources Suitable weather Traditional cultivating process Collaborating for groups Weaknesses of agricultural sector of Bangladesh: Poor contact Lack of sufficient technology Loss of awareness Calamity in nature (Flood, Cyclone, Heavy Raining etc.)
  • 10. Recommendations More steps should be taken to prevent environmental destruction by the government. Government should promote more to grow cash crops, such as: jute production, which helps us to earn foreign currency. Government can arrange short-term or long-term loans for risk-taking farmers. The Weather Service should ensure the consistency and accessibility of the weather and report to farmers.