The Growth Explains its Reasons Itself: From the Retrospect of Bangladesh Economy


  • Farzana Akter East West University
  • A.S.M. Habibur Rahman East West University



Growth, GDP, Transition, Bangladesh, Agriculture, Industry, Service


Bangladesh, a country with a potential economic growth had a rich agro-based economy before & after its independence. Being one of the most heavily populated countries of the world, it had to face several development challenges. Accelerated growth was just a demand of time that was pushing the whole economy towards Industrial & Service Sector where growth could be achieved swiftly. This research was performed to portray the structural transition in the economy of Bangladesh after independence. GDP at a constant price was used to represent The Growth of the economy. Step by step, the decomposition method was used to split GDP to the bottom & to get the most influential sectors & sub-sectors and their recent trends. The findings from decomposition method were supported by linear regression.  A detail & authentic dataset (42 years) was used to clarify the transition to the economy.

JEL Classification Code: O14, O53


Download data is not yet available.

Author Biographies

Farzana Akter, East West University

Lecturer, Department of Business Administration, East West University, BANGLADESH

A.S.M. Habibur Rahman, East West University

Teaching Assistant, Department of Business Administration, East West University, BANGLADESH


Bangladesh Bank,. (2013). Monthly Economic Trends (Time Series Data From 1972) (p. TableIV&TableXIV). Retrieved from

Bangladesh Bank,. (2015). Monthly Economic Trends (March 2015) (pp. 32,48-49). Retrieved from

Bangladesh Bureau of Statistics. (2013).STATISTICAL POCKETBOOK OF BANGLADESH-2013. (2013) (Latest ed., p. 151). Retrieved from

Barua, S., Mridha, A., & Khan, R. (2010). Housing Real Estate Sector in Bangladesh Present Status and Policies Implications. ASA University Review,Vol. 4(No. 1).

Bhattacharya, D., Islam, T., Salma, U., & Joki Uddin, G. (2015). Attaining the MDGs, How Successful are the LDCs? In Dialogue on Delivery of the MDGs in LDCs and Reflections on Post 2015 Issues (p. 8). Dhaka: Friedrich Ebert Stiftung (FES).

Bhuyan, A. (2013). Performance Evaluation of the Bangladesh Economy during FY 2012-13. THOUGHTS ON ECONOMICS, Vol. 23(No. 03).

Garrett, J., &Chowdhury, S. (2004). Urban-Rural Links and Transformation In Bangladesh:. Retrieved from

Hossain, B. (2015). The Effect of Foreign Aid on the Economic Growth of Bangladesh. Journal of Economics And Development Studies, Vol. 2(No. 2).

Islam, A., &Khatun, F. (2010). Trade Liberalization and the Growth of Transport Services in Bangladesh: An Environmental Impact Assessment Study for Dhaka City. In ARTNeT. Bali, Indonesia. Retrieved from

Islam, M., Musa, M., & Das, R. (2012). The Comparative Growth of Service Sectors in Bangladesh. Research Journal Of Finance & Accounting, Vol 3(No. 5). Nahar, K. (2005). An Analysis of Growth Trend and Changing Structure of GDP in Bangladesh (2nd ed.). Retrieved from

Qamruzzaman, M., & Ferdaous, J. (2015). Building a Knowledge-Based Economy in Bangladesh. Asian Business Review, 4(3), 41-49. Retrieved from

Razzaue, A., &Eusuf, A. (2007). Trade, Development and Poverty Linkage: A Case Study of Ready Made Garment Industry in Bangladesh. Retrieved from

Sabur, S., Palash, M., Awal, M., & Rahman, K. (2010). Shrimp export from Bangladesh: Effect of war and trade liberalization. Journal Of The Bangladesh Agricultural University, 8(1). doi:10.3329/jbau.v8i1.6409

Sayeed, M. (2013). A Test of Resilience - RMG in Bangladesh. IDLC MONTHLY BUSINESS REVIEW, Vol.9(Issue 5).

The Economist,. (2012). The path through the fields. Retrieved from briefing/21565617-bangladesh-has-dysfunctional-politics-and-stunted-private-sector-yet-it-has-been-surprisingly

Titumir, R., &Rana, E. (2015). Recent Trends of Growth in Agriculture, Industry and Power. Retrieved from

-- 0 --




How to Cite

Akter, F., & Rahman, A. H. (2015). The Growth Explains its Reasons Itself: From the Retrospect of Bangladesh Economy. Asian Business Review, 5(2), 54–59.