GDP & Development
➢To understand development, it is
important to see the GDP share of
different economies
✓Developed Countries
✓Developing Countries
✓Least Developed Countries
✓Oil Rich Middle-Eastern Countries
✓Mineral Rich African Countries
Decadal Sectoral GDP Composition of Bangladesh (%)
(1951-2022)
Year Agriculture Service Industry (Manufacturing)
1951 67.21 28.38 4.41 (3.00)
1961 62.50 29.67 7.74 (5.31)
1971 58.43 33.33 8.24 (5.49)
1981 46.70 37.90 15.40 (13.98)
1991 30.37 47.90 21.74 (13.99)
2001 21.03 50.75 27.95 (14.18)
2005 20.37 50.90 28.73 (14.74)
2010 17.10 53.50 29.40 ( 16.12)
2015 14.78 53.71 31.51 (16.79)
2020 12.68 52.85 34.47 (20.60)
2022 11.61 51.48 36.92 (24.29)
2023 11.20 51.24 37.56 (24.95)
Graphical Presentation of GDP Share of Bangladesh (%)
Sectoral GDP Share of Different Economies
GDP Agriculture Industry Service
Economy
Developed Very low Below Average Very High
(1%) (20-30%) (70-80%)
Developing Low Average Average
(5-10%) (40-45%) (40-45%)
Least Developed Very High Very low Below Average
(60-70%) (5%) (20-30%)
Oil Rich ME Very low High Below Average
(1%) (50-70%) (20-30%)
Bangladesh 11% 34% 54%
Questions to be addressed
✓ Is agricultural production in Bangladesh is
going down with time?
✓ Who should be given credit?
✓ Why the industrial share for developed
countries is below average?
✓ Why the service share for developed
countries is so high?
✓ Why the middle eastern countries industrial
share is quite high?
PRODUCT
• Products or things are outputs converted from
inputs that satisfy consumer needs & offers benefits
to customers in forms of financial, medical, legal,
educational, etc.
• A product can be either a good (i.e., a tabgible
physical object) or it may be a service (i.e., an
intangible product).
• In operational terms, goods are produced/
manufactured and services are generated.
Characteristic Differences between Goods & Services
Characteristics Goods Services
1. Output Tangible Intangible
2. Customer contact Low High
3. Uniformity of input High Low
4. Labor content Low High
5. Measurement of productivity Easy Difficult
6. To correct quality problems High Low
7. Input variability Lower Greater
8. Perishable Character Less More
9. Response time More Less
Product Life Cycle
ETHICS
• The basic concepts and fundamental
principles of decent human conduct.
It includes study of universal values
such as the essential equality of all
men and women, human or natural
rights, obedience to the law of land,
concern for health and safety and,
increasingly, also for the natural
environment.
MORALITY
• Conformance to a recognized code, doctrine, or
system of rules of what is right or wrong and to
behave accordingly. No system of morality is
accepted as universal, and the answers to the
question "What is morality?" differ sharply from
place to place, group to group, and time to time. For
some it means conscious and deliberate effort in
guiding one's conduct by reason based on fairness
and religious beliefs. For others it is, in the words of
the UK mathematician and philosopher Alfred North
Whitehead (1861-1947), "... Morality is what the
majority then and there happen to like, and
immorality is what they dislike.
Thank You