This chapter finds that though the worker per capita value added is stagnating, Bangladesh has seen the emergence of other manufacturing areas like leather products, pharmaceuticals, shipbuilding, real estate construction, etc. In the 2010s, the manufacturing sector surpassed the agricultural sector in terms of GDP contribution, thanks to the readymade garments (RMG) industry.
It started transforming in the 1980s when the service sector’s Gross Domestic Product (GDP) contribution overtook the agriculture sector’s GDP.
When Bangladesh achieved independence, it was an agriculture-dependent country. The manufacturing sector is considered a growth engine in the two Bengals.
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