General Overview of GDP

Basically, Gross Domestic Product (GDP) is the total worth (estimated in

currency values) of a nations production in a given year. This may include
service sectors, research and development. That translates to a sum of all
industrial production, work, sales, business and service sector activity in
the country. Usually this is calculated over a period of one year, but there
may be analysis per quarter (3 months). The trend of data will be used as
economic forecast. GDP can also calculated on a per capita (per person)
basis to give a relative example of the economic development of nations.
In the other words, GDP is the market value of all final user goods
and services produced domestically during a time period (a year or
quarter). GDP is a measure of production it is designed to measure the
output of goods and services produced in an economy. It measures the
market value of the goods and services produced. The market prices paid
for various items determine how much they will add to GDP.
The major contribution of the GDP is the construction industry which
is estimated about .%. Since the engineers are a part of construction
player, they are indirectly contributed to the GDP. Besides that, the
engineers (especially consultant) are usually preparing for future
development which is involve application of knowledge of engineering. So,
in this case, the engineers are contributed to the economy growth for the
construction sector.
Well in Malaysia, most of the infrastructure facilities are using the
EPCC (Engineering, Procurement, Construction, and Commissioning) form
of contract. In this form of contract, the engineers are being the head of
the consultants. This is due to the engineers expertise in design of the
infrastructure such as petroleum terminal, bridges, marine facilities and
etc.
Most important is the engineers in Malaysia are designing the
structural part of all the building during the design stage. In fact, they are
also measure the load of every single members of the building by using
their specific knowledge of engineering.