Bangladesh's Industry Sector Declines as Services Sector Expands Rapidly
In Bangladesh, the service sector is expanding more rapidly than the industrial sector, according to the 2024 economic census by the Bangladesh Bureau of Statistics. Industrial enterprises now account for less than 10% of all businesses, a decline from over 12% two decades ago. In contrast, service businesses dominate, making up more than 90% of economic units. This shift is raising concerns among economists about the sustainability of the country's long-term growth, as the service sector's rapid expansion could lead to premature deindustrialization. 
