This article examines the contribution made by education in Bangladesh using primary data gained form a small scale of research. Secondary data also supplements. Both school and out-of-school education is considered in this study. Findings show that primary education contributes mainly for social development. Secondary provision also contributes mainly for social development, some attempts in contributing economical development are made of but these are not working properly because of existing education system and job pattern. Higher Education (HE) consumes a large portion of public and private fund to ensure economic development. Unfortunately, because of existing job pattern of Bangladesh and requirements placed for recruitments, contribution from HE is low where investment to per unit is reasonably higher. Overall conclusion suggests that there is a scope for development at each provision. This study also advocates an urgent need to conduct a broader study on this issue to make the education system more effective towards the development.