Assignment

on
Historical changes of GDP in Bangladesh

Prepared for:
Dr. Muhammad Ziaulhaq Mamun
Professor & Course Instructor
P501: Managing Operations

Prepared by:
Md. Abrar Mahir Khan
Roll No: ZR-1701007
Batch: EMBA 27

November 24, 2017

Institute of Business Administration
University of Dhaka
GDP change in Bangladesh over decades
Summary

The following data & chart reveals that, in 1960s agriculture sector occupied the maximum contribution
in GDP with 62%. That reflects that on that time Bangladesh was highly agricultural based country & most
of the GDP derived from agriculture. It also reflects in the chart that in every decades thereafter, an
average 10% share has been shifted from Agriculture to other two sectors. Currently it is continuing its
declining pattern.

Industry was by 5% in 1960s and it was increasing in a steady manner over decades. But around 1970 to
1980, a sharp increased had been occurred and from then it is moving in a steady growing pattern.

Service industry had been flourished on a regular basis in each decades. Exceptional decline of GDP
occurred in 2000 to 2010 decades. However, this sector gained her momentum in recent days. Currently
this is the highest GDP contributor in Bangladesh economy.

GDP change in Bangladesh over decades

Year Agricultural Industry Service
1950 62 5 33
1960 55 10 35
1970 54 9 37
1980 31 21 48
1990 32 21 47
2000 24 23 53
2010 18 26 56
2016 15 29 56

GDP CHANGE IN BANGLADESH OVER DECADES

Agricultural Industry Service

70
60
50
GDP %

40
30
20
10
0
1950 1960 1970 1980 1990 2000 2010 2016
YEAR

Source: www.data.worldbank.org/indicator/ & Bangladesh Bureau of Statistics

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Sector wise Global comparison of GDP
Country Name Agriculture Industry Service
Bangladesh 14.8 28.7 56.5
Argentina 7.6 26.7 65.7
Nepal 33 14.6 52.4
Jordan 4.3 28.9 66.8
Benin 25.5 23.4 51.1
Germany 0.6 30.5 68.9

SECTORWISE GLOBAL CONTRIBUTION OF GDP

(2016)
Agriculture Industry Service

80
66.8 68.9
70 65.7

60 56.5
52.4 51.1
50
GDP %

40 33
28.7 28.9 30.5
30 26.7 25.523.4

20 14.8 14.6
7.6
10 4.3
0.6
0
Bangladesh Argentina Nepal Jordan Benin Germany
COUNTRY

Source: www.data.worldbank.org/indicator/

The above data & chart shows that, currently, service sector earns the highest GDP almost in all the
countries. Developed countries (like Germany), developing countries (Argentina) & well rich Middle East
countries (Jordan) are more service oriented & has least contribution of Agricultural sector in GDP.
These countries have the tendency to be more service oriented.

On the other side, SAARC countries like Nepal, Bangladesh are still rely on Agricultural sector as well as
service & Industry sector. However, the service contribution in GDP of these countries are increasing.

Least developed country like Benin, in their economy, contribution of agriculture & industry is same in
proportion. However, they are also moving towards service oriented trend economy.

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This chart clearly shows that the countries mentioned here now a days are more service oriented,
moderate industry based & lowest focus on agriculture.

Definition of Industry

 The manufacturing or technically productive enterprises in a particular field, country, region, or

economy viewed collectively, or one of these individually. A single industry is often named after
its principal product; for example, the auto industry. For statistical purposes, industries are
categorized generally according a uniform classification code such as Standard Industrial
Classification (SIC).

 Any general business activity or commercial enterprise that can be isolated from others, such as
the tourist industry or the entertainment industry

Source: http://www.businessdictionary.com/definition/industry.html

Definition of System

 A set of detailed methods, procedures and routines created to carry out a specific activity,
perform a duty, or solve a problem.

 An organized, purposeful structure that consists of interrelated and interdependent elements

(components, entities, factors, members, parts etc.). These elements continually influence one
another (directly or indirectly) to maintain their activity and the existence of the system, in
order to achieve the goal of the system

Source: http://www.businessdictionary.com/definition/system.html

Definition of Process
 Sequence of interdependent and linked procedures which, at every stage, consume one or more
resources (employee time, energy, machines, money) to convert inputs (data, material, parts,
etc.) into outputs. These outputs then serve as inputs for the next stage until a known goal or
end result is reached.
 A series of logically related activities or tasks (such as planning, production, or sales) performed
together to produce a defined set of results.

Source: http://www.businessdictionary.com/definition/business-process.html

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