Remittances in Bangladesh increased to 1832.63 USD Million in June from 1504.60 USD Million in May of 2020.

Remittances in Bangladesh averaged 1255.91 USD Million from 2012 until 2020, reaching an all time high of 1832.63 USD Million in June of 2020 and a record low of 856.87 USD Million in September of 2017. This page provides the latest reported value for - Bangladesh Remittances - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Bangladesh Remittances - values, historical data and charts - was last updated on October of 2020. source: Bangladesh Bank

Remittances in Bangladesh is expected to be 1686.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Bangladesh to stand at 1776.00 in 12 months time. In the long-term, the Bangladesh Remittances is projected to trend around 1912.00 USD Million in 2021 and 2094.00 USD Million in 2022, according to our econometric models.

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Bangladesh Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1832.63 1504.60 1832.63 856.87 2012 - 2020 USD Million Monthly

Bangladesh Trade Last Previous Highest Lowest Unit
Balance of Trade -56.70 -137.20 0.00 -209.80 BDT Billion [+]
Current Account -871.00 -774.00 1852.00 -3293.00 USD Million [+]
Current Account to GDP -1.80 -3.60 3.70 -4.40 percent [+]
Imports 288.02 334.67 465.30 0.57 BDT Billion [+]
Exports 231.31 197.48 279.82 0.05 BDT Billion [+]
Terms of Trade 87.10 87.10 104.70 80.01 points [+]
Capital Flows 3.83 3.26 679.50 -12.72 BDT Billion [+]
Remittances 1832.63 1504.60 1832.63 856.87 USD Million [+]
Gold Reserves 14.00 14.00 14.00 3.29 Tonnes [+]
Foreign Direct Investment 2650.00 1583.00 2650.00 276.00 USD Million [+]
Crude Oil Production 3.00 3.00 6.00 1.10 BBL/D/1K [+]
External Debt 37.80 33.51 37.80 16.17 USD Billion [+]
Terrorism Index 5.21 5.70 6.48 4.10 [+]


Bangladesh Remittances
In Bangladesh, Remittances refers to inflows of migrants’ and short-term employee income transfers. Remittances from more than 10 million citizens abroad are very important for Bangladesh and along with garment exports are key source of foreign exchange. Saudi Arabia has been the largest source of remittances, followed by UAE, Qatar, Oman, Bahrain, Kuwait, Libya, Iraq, Singapore, Malaysia, the US and the UK.