Bangladesh's Industry Sector Declines as Services Dominate Economic Growth
In Bangladesh, the service sector is expanding more rapidly than the industrial sector, raising concerns about the sustainability of long-term economic growth. According to the Bangladesh Bureau of Statistics, industrial enterprises now account for less than 10% of all businesses, down from over 12% two decades ago. In contrast, service businesses make up more than 90% of economic units. Employment trends mirror this shift, with the service sector absorbing more workers than industry. Economists warn that this pattern of premature deindustrialization could hinder productivity growth and economic efficiency. 
