An Economic Analysis of the Fisheries Sector of Bangladesh: Challenges and Development Strategies

Abstract

This research presents an economic analysis of the Bangladesh fisheries sector for the last two decades. Secondary data is used for the economic analysis and literature review type methodology is used to analyze the future challenges and development strategies. Fish production and exports gradually increasing, but the growth rate is showing instable. Inland aquaculture is found increasing rapidly in compare to marine aquaculture. Along with several challenges, this article also proposes developmental strategies for authorities to develop fisheries sector, which could create opportunities to flourish other potential sectors to increase employment as well as contribute to the GDP of Bangladesh.