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
80 70 Percentage Contributiom to GDP 60 50 40 30 20 10 0 1941-1950 1951-1960 1961-1970 1971-1980 Decades 1981-1990 1991-2000 2001-2012 Agriculture Industry Service

Figure 1: Graphical Representation of Sector wise GDP composition of the Bangladesh economy from the year 1941-2012

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%
80 70 60 50 40 30 20 10 0 Agriculture Industry Service 0.8 28.1 71.1

Figure 2: Sector wise GDP Composition of Germany Germany is Europes largest economic unit. Germany industrial products are known world over for their efficiency and quality. However, like all developed countries, Germanys 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%
80 70 60 50 40 30 20 10 0 Agriculture Industry Service 2 31.1 66.9

Figure 3: Sector wise GDP Composition of Saudi Arabia

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%
70 60 50 40 30.1 30 20 12 10 0 Agriculture Industry Service 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.

45 40 35 30 25 20 15 10 5 0 Agriculture Industry Service 23.4 39.7 36.9

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%
70 62.2 60 50 40 30 20 10 0 Agriculture Industry Service 5.4 27.4

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.

3.6 China Table 7: Sector wise GDP Composition of China Agriculture Industry Services 9.7% 46.6% 43.7%
50 45 40 35 30 25 20 15 10 5 0 Agriculture Industry Service 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 0.8 28.1 71.1 Germany 2 66.9 31.1 Saudi Arabia 12 30.1 57.9 Srilanka 36.9 23.4 39.7 Mali 9.7 46.6 43.7 China 5.4 27.4 62.2 Brazil 17.3 28.6 54.1 Bangladesh

Agriculture Bangladesh Brazil Country China Mali Sri lanka Saudi Arabia Germany 0 20

Industry

Service

40

60

80

100

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

References CIA world Fact book. Retrieved from CIA : https://www.cia.gov/library/publications/theworld-factbook/fields/2012.html Economy of Bangladesh. Retrieved from World Bank: www.worldbank.org