Service sector is fast catching up to the agriculture sector in terms of generating maximum number of employments in Bangladesh.
Service sector's contribution to employment generation marked a remarkable growth from 25.5 per cent in 2010 to 39 per cent in last year, reports UNB.
With agriculture still absorbing 40.6 per cent of the country's 60.8 million workforce, the farm sector's employment generation capacity witnessed continuous fall since 2010.
Though industrial sector has contributed a lot in accelerating the country's GDP growth over the past seven years, the sector's role as employment generator was not that great. It now absorbs 20.4 per cent of employed workforce comparing to 17.7 per cent back in 2010.
According to a recent CPD (Centre for Policy Dialogue) report, within the service sector the majority of the additional jobs were created in wholesale and retail trade, transport, food and beverage etc.
Majority of additional jobs in the industrial sector were created in manufacturing of wearing apparels and in construction of buildings.
Many important manufacturing industries, including textile and food products, continued to experience loss in terms of net jobs, CPD report stated.
Of the 60.8 million people currently being employed in various economic activities in Bangladesh, 24.7 million are working in agriculture sector, 23.7 million in service sector and the rest 12.4 million in industrial sector.
Back in 2010, total number of people employed was 54.1 million. Sector-wise distribution of that workforce was - 25.7 million in farm sector, 19.1 million in service and 9.6 million in industrial sector.
