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).
