Assignment # 01 CONTRIBUTION OF AGRICULTURE, INDUSTRIES AND SERVICE SECTORTO GDP IN BANGLADESH FROM LATE 1950 TO TILL NOW Prepared

For: Prof. M.Z. Mamun Course Instructor: Operation ManagementPerpared by:Shamima NasrinID No. 092051058MBA Program University of Liberal Arts Bangladesh, (ULAB) October 23, 2009 Th e gros s dom es t i c p rod u ct ( GDP ) o r gros s dom es t i c i nc om e ( GD I) i s a ba s i cmeasure of a country's overall economic performance. It is the market value of allfinal goods and services made within the borders of a country in a year. It is oftenpositively correlated with thestandard of living. In t h e na m e "G ro ss Dom es t i c Product, "Gross" means that GDP measures production regardless of the varioususes to which that production can be put. "Domestic" means that GDP measuresproduction that takes place within the country's borders.Bangladesh is a based on agriculture country because majority percent people arefarmer. A brief discussion of Bangladesh economy may help us to understand itsGDP. Economy of Bangladesh is composed of three main sectors 1. Agriculture, 2.Industry, 3. Service.Agriculture sector includes crops, forestry, livestock & fisheries. Main agricul turefood products are cereals, pulses, gur/sugar, milk, meat, fish, fruits, vegetables, oiletc. Major industrial crops are tea, jute, tobacco etc. Total cultivable area was 2.26core areas in the survey of 1983-84, which decreased to 1.64 core areas in 1995-96. There are three categories of industries of industry in Bangladesh- Large ScaleIndustries, Medium Scale Industries & Small Cottage Industries.Major industries are referred in the following1. Fo od , B ev e r a ge & T ob a c c o.2 .T ex t i l e, A pp a re l a nd l e a t h er .3 .W oo d 7 w oo d pr od uc t s. 4.P ap e r, P a p er p ro du ct s.5 .C h em i c al s an d C hem i c al pr odu ct 6. No n - m et a l l i c Mi n er al p ro du ct s.7 . B asi c Me t a l i ndu s t ri es. 8. F a br i c a t ed M et al p ro du ct s . 9.Other industries & handicraft.Recently, this is the largest sector in the percentage contribution to GDP. Its majorsub-sector are construction, utility (power, gas, water), transport & storage, tradeservice, housing, public administration and defense, banking insurance and otherprofessionals.

Year 1941-1950 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-2011 Agriculture 70 62 55 44 32 25 20.6

Sector Wise GDP Share in % Industry Service 4 26 5 33 10 35 11 45 12 56 15 60 29.73 49.67

Total 100 100 100 100 100 100 100

We see the agriculture sector decreasing growth rate during 1941-2009, agriculturesector contributed 70% of total GDP in 1950. Now agriculture sector has decreasedto 20.6% in 2009. It is very catastrophic matter for our country because most of ourvillage people depends on agriculture.Growth rate during 1941-2009, Industry sectors contribution has been increasing,t hou gh v e r y sl ow l y, i t h as a go od i m p a ct on ou r e c onom y an d o u r m ov em en t t o wa r ds t h e m od e rn f a st wo rl d . Th e se c t o r h as j um p ed t o 2 9. 73 % f rom 1 5% i n 2001-2009. Industry sector growth rate during this period 10.41%. The Service sector growth rate during 1981-2000, Service sectors contribution wenthi gh er t h a n av e r a ge. No w S e rvi c e se ct o r h as d e cr e as ed t o 4 9. 67 % of t ot al GDP .t h ou gh i t h as d e cl i n e d b u t a ga i n w e a r e ve r y m u c h opt i m i st i c a bout t he i nt en si fi ca t i on. It i s goo d s i g n fo r ou r co unt r y b e c aus e i n d ev el op ed co unt ri es , service sector contributes more shares in total GDP than other sectors.Agriculture is the foundation on our country because large percentage of our peopleis either farmer or related with the sector. So we have to develop our agro baseindustry like jute industry, sugar industry, tea industry, oil industry etc.

Developed Country (Japan)

Weikipedia agriculture: 1.5%, industry: 22.8%, services: 75.7% (2010 est.)

CIA World Factbook

GDP - composition by sector: agriculture: 1.4% industry: 24.9% services: 73.8% (2010 est.)

Developing Country (Malaysia)

Wikipedia

GDP by sector

agriculture: 10.5% industry: 41.4% services: 48.2% (2010 est.)

CIA World Factbook GDP - composition by sector: agriculture: 10.5% industry: 41.4% services: 48.2% (2010 est.)

Mid East (Saudi Arabia)

Wikipedia

GDP by sector

agriculture: 3.2%; industry: 60.4%; services: 36.4% (2009 est.)

CIA
Sa ud i Ar abi a agr icultur e: 2. 1% industr y: 67. 6% ser vices: 30. 4% (2011 est . )

China Weilipedia

GDP by sector

Industry (46.8%), services (43.6%), agriculture (9.6%) (2010 est.)

CIA
C hi na agr icultur e: 10. 1% industr y: 46. 8% ser vices: 43. 1% (2011 est . )

India Weikipedia

GDP by sector

agriculture: 18.1%, industry: 26.3%, services: 55.6% (2011 est.)

CIA
Ind ia agr icultur e: 18. 1% industr y: 26. 3% ser vices: 55. 6% (2011 est . )

South Africa Weikipedia

GDP by sector

agriculture 2.5%, industry 31.6%, services 65.9% (2011 est.)

CIA
So uth A fri ca agr icultur e: 2. 5% industr y: 31. 6% ser vices: 65. 9% (2011 est . )