The driving force for a nation today is the economic strength. Bangladesh is striving to become one of the middle income countries by 2021. A country’s overall economic performance is measured the total productive power of the economy in a year. While it is expected that the gross domestic product (GDP) of Bangladesh will continue to grow, the growth rate of GDP will determine the pace of the progress. A higher growth rate will enable Bangladesh to utilize is abundant manpower efficiently.
Once agriculture sector had the major contribution in GDP but as Bangladesh is developing, the contribution from agriculture sector is decreasing. And the contribution of financial sector such as industries, banks and remittance (foreign and domestic) is increasing. In 1986 agriculture sector directly contributes around 46 percent, in 1996 around 35 percent and in 2007-08 around 20.87 percent of the GDP. In 1986 industrial sector contributes around 10 percent, in 1996 around 11 percent and in 2007-08 around 17.77 percent of the GDP. Since 1996 economy has grown 5 to 6 percent per year before it was around 3 percent or less. Read the rest of this entry »
