Effects of Sectoral Transformation of Employment on GDP in Bangladesh

Effects of Sectoral Transformation of Employment on GDP in Bangladesh

Muhammad Rabiul Islam Liton

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Mawlana Bhashani Science and Technology University

Effects of Sectoral Transformation of Employment on GDP in Bangladesh

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Abstract

Macroeconomic variables indicate the overall situation of the country, which we expect to be more consistent, stable and grow over time. The unemployment rate in Bangladesh is 5% at 2012 which is lower than world unemployment (around 6%). Labor Force participation rate is also higher in Bangladesh (73.8% in 2000). On the other hand GDP growth rate even in 2008 was 6.6% where most of the countries had a negative growth rate in their GDP. In Bangladesh, more than 2% of GDP increase due to employment growth. The labor force was 49.5 million in 2006 which becomes 53.7 million in 2009 and now 54.1 million. The growth rate has been 2.7 percentage points a year. At the same time, GDP also increase at around 6% in last decade. In GDP, the share of agriculture sector is decreasing where other two major sectors industry and services are increasing and the same thing occurs in the case of employment. This study focuses on the parallel transformation of employment and GDP and its impact on our economy.

References

8 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Muhammad Rabiul Islam Liton. 2016. \u201cEffects of Sectoral Transformation of Employment on GDP in Bangladesh\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 16 (GJMBR Volume 16 Issue B4).

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GJMBR Volume 16 Issue B4

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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Classification

GJMBR-B Classification JEL Code: E20

Submission ReceivedDecember 14, 2015
Peer Review Double Blind
Handling Editor
Accepted December 31, 2015
Published January 15, 2016

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v1.2

Issue date

May 21, 2016

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Article Matrices

Total Score: 101

Country: Bangladesh

Subject: Global Journal of Management and Business Research - B: Economic & Commerce

Authors: Muhammad Rabiul Islam Liton (PhD/Dr. count: 0)

View Count (all-time): 136

Total Views (Real + Logic): 3771

Total Downloads (simulated): 1893

Publish Date: 2016 05, Sat

Monthly Totals (Real + Logic):

Month 1: 63 views
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Month 3: 39 views
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Total Views: 3771

Total Downloads: 1893

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