Remittances in Bangladesh increased to 1639.62 USD Million in October from 1472.16 USD Million in September of 2019. Remittances in Bangladesh averaged 1234.37 USD Million from 2012 until 2019, reaching an all time high of 1748.16 USD Million in May of 2019 and a record low of 856.87 USD Million in September of 2017. source: Bangladesh Bank

Remittances in Bangladesh is expected to be 1330.00 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 1320.00 in 12 months time. In the long-term, the Bangladesh Remittances is projected to trend around 1500.00 USD Million in 2020, according to our econometric models.

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Bangladesh Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1639.62 1472.16 1748.16 856.87 2012 - 2019 USD Million Monthly

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.

Bangladesh Trade Last Previous Highest Lowest Unit
Balance of Trade -169.90 -96.60 0.00 -209.80 BDT Billion [+]
Current Account -1008.00 -948.00 1852.00 -3293.00 USD Million [+]
Current Account to GDP -3.60 -0.60 3.70 -4.40 percent [+]
Imports 425.90 356.82 465.30 0.57 BDT Billion [+]
Exports 255.98 260.20 279.82 0.05 BDT Billion [+]
Terms of Trade 87.10 87.10 104.70 80.01 points [+]
Capital Flows 2.06 0.11 679.50 -12.72 BDT Billion [+]
Remittances 1639.62 1472.16 1748.16 856.87 USD Million [+]
Gold Reserves 13.97 13.97 14.00 3.29 Tonnes [+]
Foreign Direct Investment 1583.00 1706.00 1726.00 276.00 USD Million [+]
External Debt 33.11 28.34 33.11 16.17 USD Billion [+]
Crude Oil Production 3.00 3.00 6.00 1.10 BBL/D/1K [+]
Terrorism Index 5.21 5.70 6.48 4.10 [+]