Assignment on

COMPARISON OF SECTOR WISE GDP COMPOSITION BETWEEN

BANGLADESH AND OTHER COUNTRIES

Prepared for

Prof. Dr. Muhammad Ziaulhaq Mamun

Course Instructor

P501: Managing Operations

Prepared by

Ahsan Azhar Shopan

Roll: ZR 54

MBA 47D

Institute of Business Administration

University of Dhaka

March 11, 2013

1. Introduction

Gross Domestic Product (GDP) is the market value of all officially recognized final goods

and services produced within a country in a given period of time.

The GDP indicates the annual production that incurs within the boundary of a country. It is a

very important key factor in the economy of a country. There are three sectors which

primarily contribute to the composition of GDP of a country. These are: agriculture-sector,

industry-sector and service-sector.

The contribution of these three sectors of Bangladesh as well as in the other countries is

discussed here with tabular form and graphical representation.

2. Sector wise GDP composition in Bangladesh from 1941-2012

This part of the assignment analyzes the sector wise GDP composition of the Bangladesh

economy from the year 1941-2012. Data were analyzed over an incremental 10 year period.

The contributions are given in percentage of total GDP.

Table 1: Sector wise GDP composition of the Bangladesh economy from the year 1941-2012

Year Agriculture Industry Services Total

1941- 1950 70 04 26 100

1951-1960 62 05 33 100

1961-1970 55 10 35 100

1971-1980 44 11 45 100

1981-1990 32 12 56 100

1991-2000 25 15 60 100

2001-2012 17 29 54 100

Figure 1: Graphical Representation of Sector wise GDP composition of the Bangladesh

economy from the year 1941-2012

0

10

20

30

40

50

60

70

80

1941-1950 1951-1960 1961-1970 1971-1980 1981-1990 1991-2000 2001-2012

Per

cen

tag

e C

on

trib

uti

om

to

GD

P

Decades

Agriculture Industry Service

3. Sector wise GDP Comparison of Six Sample Countries

3.1 Developed country (Germany):

Table 2: Sector wise GDP Composition of Germany

Agriculture Industry Service

0.8% 28.1% 71.1%

Figure 2: Sector wise GDP Composition of Germany

Germany is Europe’s largest economic unit. Germany industrial products are known world

over for their efficiency and quality. However, like all developed countries, Germany’s

economy is largely dominated by the service sector which contributes to more than two-third

of the German economy.

3.2 Middle Eastern country (Saudi Arabia):

Table 3: Sector wise GDP Composition of Germany

Agriculture Industry Services

2% 66.9% 31.1%

Figure 3: Sector wise GDP Composition of Saudi Arabia

0.8

28.1

71.1

0

10

20

30

40

50

60

70

80

Agriculture Industry Service

2

66.9

31.1

0

10

20

30

40

50

60

70

80

Agriculture Industry Service

Saudi Arabia happens to be worlds the largest oil exporter. In the economy of Saudi Arabia,

the industry sector contributes the maximum to the GDP. Agriculture has almost a

nonexistent role in the economy. The services sector even though not as large as in other

economies, still contributes significantly to the GDP of the kingdom.

3.3 SAARC country (Srilanka):

Table 4: Sector wise GDP Composition of Srilanka

Agriculture Industry Service

12% 30.1% 57.9%

Figure 4: Sector wise GDP Composition of Srilanka

The economy of Srilanka is quite similar to that of Bangladesh. Services dominate the

economy and the manufacturing sector maintains a strong foothold at second place.

Agriculture contributes an ever decreasing share to the economy of Srilanka.

3.4 Least developed country (Mali):

Table 5: Sector wise GDP Composition of Mali

Agriculture Industry Service

36.9% 23.4% 39.7%

Mali is a poor sub Saharan country with a poorly developed economy. World Bank has

termed this country in the least developed Country category. Agriculture and the services

sectors dominate the economy.

12

30.1

57.9

0

10

20

30

40

50

60

70

Agriculture Industry Service

Figure 5: Sector wise GDP Composition of Mali

6.1 Developing country (Brazil):

Table 6: Sector wise GDP Composition of Brazil

Agriculture Industry Service

5.4% 27.4% 67.2%

Figure 6: Sector wise GDP Composition of Brazil

Brazil is a rapidly developing country. Services dominate the economy and the industry

sector contributes to a sizable portion of the economy. Agriculture sector plays a minor role

in the economy.

36.9

23.4

39.7

0

5

10

15

20

25

30

35

40

45

Agriculture Industry Service

5.4

27.4

62.2

0

10

20

30

40

50

60

70

Agriculture Industry Service

3.6 China

Table 7: Sector wise GDP Composition of China

Agriculture Industry Services

9.7% 46.6% 43.7%

Figure 7: Sector wise GDP Composition of China

China is potentially the largest economy in the near future. The country is already a

superpower. However, the GDP composition of china differs from other economies in the

first world. The industry sector commands the largest share of the GDP of china. China is still

a developing country and that is why agriculture still maintains a strong foothold in the

economy.

4. Sector-wise GDP comparison of the selected countries

Table 8: Sector-wise GDP comparison of the selected countries

Country Agriculture Industry Service

Germany 0.8 28.1 71.1

Saudi Arabia 2 66.9 31.1

Srilanka 12 30.1 57.9

Mali 36.9 23.4 39.7

China 9.7 46.6 43.7

Brazil 5.4 27.4 62.2

Bangladesh 17.3 28.6 54.1

9.7

46.643.7

0

5

10

15

20

25

30

35

40

45

50

Agriculture Industry Service

Figure 8: Sector-wise GDP comparison of the selected countries

References

CIA world Fact book. Retrieved from CIA : https://www.cia.gov/library/publications/the-

world-factbook/fields/2012.html

Economy of Bangladesh. Retrieved from World Bank: www.worldbank.org

0 20 40 60 80 100

Germany

Saudi Arabia

Sri lanka

Mali

China

Brazil

Bangladesh

Co

untr

y

Agriculture Industry Service