In this paper, three dimensional static and dynamic analyses of two dimensional functionally graded annular sector plates have been investigated. The material properties vary through both the radial and axial directions continuously. Graded finite element and Newmark direct integration methods have been used to solve the 3D-elasticity equations in time and space domains. The effects of power law exponents and different boundary conditions on the behavior of FGM annular sector plate have been investigated. Results show that using 2D-FGMs and graded elements have superiority over the homogenous elements and 1D-FGMs. The model has been compared with the result of a 1D-FGM annular sector plate and it shows good agreement.