Top Remmitance

Remittance Earning by Bangladeshis

Bangladesh, being one of the top remittance-recipient countries in the world, has drawn attention to the remittance-output relationship in recent years.Bangladesh is a small country having large population. It is a place for wage earners. Many of citizens of Bangladesh work in different countries of the world. Presently 70 lac of its citizen are working in different countries like USA, UK, Saudi Arabia, UAE, Libya, Malaysia, Singapore, Qatar and most of the other Middle East countries.

Bangladesh fetched its highest remittance of US$ 1371.34 million from Saudi Arabia during July-November period of the current fiscal (2011-12), reports UNB.

Bangladesh Bank showed that remittance from Bangladeshi wage earners abroad totaled around $4927.74 million during the July-November period. The good news is that this statistics is the growth of 7.56 percent over the $4581.43 million of the corresponding period in the last fiscal (2010-2011).

The Bangladesh bank data showed the second highest remittance for the July-November period as $ 897.01 million from the United Arab Emirates (UAE), followed by $ 604.51 million from USA, $ 497.62 million from Kuwait and $391.23 million from the UK.

Bangladesh received $ 11650.32 million from the wage earners’ remittance in the last fiscal, registering a growth of 6.3 per cent. It received $ 10987.4 million in remittance in the previous fiscal (2009-10).