The gross domestic product (GDP) or gross domestic income (GDI) is a basicmeasure of a country's overall economic performance. It is the market value of allfinal goods and services made within the borders of a country in a year. It is oftenpositively correlated with thestandard of living. In the name "Gross DomesticProduct”, "Gross" means that GDP measures production regardless of the varioususes to which that production can be put. "Domestic" means that GDP measuresproduction that takes place within the country's borders.Bangladesh is a based on agriculture country because majority percent people arefarmer. A brief discussion of Bangladesh economy may help us to understand itsGDP. Economy of Bangladesh is composed of three main sectors 1. Agriculture, 2.Industry, 3. Service.Agriculture sector includes crops, forestry, livestock & fisheries. Main agriculturefood products are cereals, pulses, gur/sugar, milk, meat, fish, fruits, vegetables, oiletc. Major industrial crops are tea, jute, tobacco etc. Total cultivable area was 2.26core areas in the survey of 1983-84, which decreased to 1.64 core areas in 1995-96. There are three categories of industries of industry in Bangladesh- Large ScaleIndustries, Medium Scale Industries & Small Cottage Industries.Major industries are referred in the following—1.Food, Beverage & Tobacco.2.Textile, Apparel and leather.3.Wood 7 wood products.4.Paper, Paper products.5.Chemicals and Chemical product6.Non- metallic Mineral products.7.Basic Metal industries.8.Fabricated Metal products.9.Other industries & handicraft.Recently, this is the largest sector in the percentage contribution to GDP. Its majorsub-sector are construction, utility (power, gas, water), transport & storage, tradeservice, housing, public administration and defense, banking insurance and otherprofessionals.
Major “problems and prospects” ofBangladeshINTRODUCTION:Agriculture is the ancient and the most common profession in Bangladesh. Most of thepeople of Bangladesh live in village and most of the villagers (62% manpower in 1) areinvolved in agriculture. One of the main reasons of having common interest to agricultureis: the land is very fertile and most of the part of Bangladesh is plain. Another interestingthing is Bangladeshi people naturally good in agriculture. Agricultural sector is the singlelargest contributor to GDP. The crop sub-sector dominates the sector contributing about72% of total production. Fisheries, livestock and forestry sub-sectors are 10.33%, 0.11%and 7.33% respectively 2. Though government has many positive steps for that sector butstill has some present and future challenges as well. PROBLEMS OF AGRICULTURE:Financial Problem Bangladesh is not such a rich country that has adequate money to spend at any time forany sector. Sometimes some major and emergency agricultural decision needs a goodamount of money that is not possible all the times to provide for that sector. Natural Disaster Natural disaster like flood, drought, excessive rain and other natural disaster are barrier tomeet the expected level of production. Specially the natural disasters mentioned aboveare mostly harm crop production. The flood of this year (2007) destroys huge area of cropfields. Promotion of New Inventions Bangladeshi agriculturists have some glorious inventions that can change the scenario ofour land. But unfortunately because of negligence of different part of government theseinventions cannot be promoted and reached to farmers’ door that ultimately brings zeroresult. Improper Distribution of Seed & Fertilizer