Remittances in Bangladesh decreased to 2050.65 USD Million in December from 2078.74 USD Million in November of 2020. source: Bangladesh Bank

Remittances in Bangladesh averaged 1306.47 USD Million from 2012 until 2020, reaching an all time high of 2598.21 USD Million in July 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 February of 2021.

Remittances in Bangladesh is expected to be 1776.00 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 1912.00 in 12 months time. In the long-term, the Bangladesh Remittances is projected to trend around 2094.00 USD Million in 2022, according to our econometric models.

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Bangladesh Remittances

Actual Previous Highest Lowest Dates Unit Frequency
2050.65 2078.74 2598.21 856.87 2012 - 2020 USD Million Monthly

Bangladesh Trade Last Previous Highest Lowest Unit
Balance of Trade -106.10 -77.60 0.00 -209.80 BDT Billion [+]
Current Account 3534.00 -2439.00 3534.00 -3293.00 USD Million [+]
Current Account to GDP -1.70 -3.50 3.20 -4.40 percent [+]
Imports 351.73 319.85 465.30 0.57 BDT Billion [+]
Exports 245.62 242.23 279.82 0.05 BDT Billion [+]
Terms of Trade 85.70 87.10 104.70 80.01 points [+]
Capital Flows 0.65 2.16 679.50 -12.72 BDT Billion [+]
Remittances 2050.65 2078.74 2598.21 856.87 USD Million [+]
Gold Reserves 13.97 13.97 13.97 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 4.91 5.21 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.