Remittances in Bangladesh increased to 2969.57 USD Million in May from 2752.33 USD Million in April of 2025. This dataset 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.

The personal remittances received in Bangladesh increased by more than *** million U.S. dollars (+*** percent) in 2023. With roughly ** billion U.S. dollars, the personal remittances received thereby reached one of their highest levels in the observed period. Remittances are flows of money between immigrants and their relatives. They refer to personal transfers between resident and nonresident individuals, and the compensation of employees who are employed in an economy where they are not resident, and of residents employed by nonresident entities.Find more statistics on other topics about Bangladesh with key insights such as charges for the use of intellectual property, net trade in goods and services, and total reserves.

Bangladesh Overseas Workers Remittances: Malaysia data was reported at 35,490.929 BDT mn in Mar 2025. This records an increase from the previous number of 22,431.721 BDT mn for Feb 2025. Bangladesh Overseas Workers Remittances: Malaysia data is updated monthly, averaging 5,339.600 BDT mn from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 35,490.929 BDT mn in Mar 2025 and a record low of 9.200 BDT mn in Jan 2001. Bangladesh Overseas Workers Remittances: Malaysia data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

Remittance inflows to GDP (%) in Bangladesh was reported at 5.8175 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Bangladesh - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Bangladesh Overseas Workers Remittances: Saudi Arabia data was reported at 54,708.319 BDT mn in Mar 2025. This records an increase from the previous number of 40,118.560 BDT mn for Feb 2025. Bangladesh Overseas Workers Remittances: Saudi Arabia data is updated monthly, averaging 18,104.912 BDT mn from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 54,708.319 BDT mn in Mar 2025 and a record low of 2,295.500 BDT mn in Jan 1999. Bangladesh Overseas Workers Remittances: Saudi Arabia data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

Overseas Workers Remittances: Kuwait data was reported at 17,215.004 BDT mn in Feb 2025. This records an increase from the previous number of 16,312.065 BDT mn for Jan 2025. Overseas Workers Remittances: Kuwait data is updated monthly, averaging 6,442.774 BDT mn from Jan 1999 (Median) to Feb 2025, with 314 observations. The data reached an all-time high of 17,215.004 BDT mn in Feb 2025 and a record low of 761.700 BDT mn in Jul 1999. Overseas Workers Remittances: Kuwait data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

The value of remittances to India outweighed the value sent to other countries about ** times in 2021, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about *** in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For India, the top five recipient countries for remittances in 2021 included Bangladesh, Nepal, China, Sri Lanka, and the United States. India's main sources for remittances were the United Arab Emirates, the United States, Saudi Arabia, Oman, and Kuwait.

Monthly data on remittance inflow to South Asian countries (Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka) from their partner countries is collected from January 2018 to December 2022 from the Central Bank database. As an alternative to monthly GDP data, monthly Industrial Production Index (IPI) data is used instead as a proxy for GDP. This is because monthly GDP data is not available. Monthly IPI data was collected from International Financial Statistics by the International Monetary Fund (IMF) for South Asian countries and partner countries (Singapore, Malaysia, Japan, Italy, and the UK). Libya and Middle Eastern nations, however, don't have monthly IPI statistics. Since the economies of those countries are heavily dependent on oil production, we created the Oil Production Index as a proxy for GDP. World Bank and EIA monthly crude oil price and production data are used to calculate Oil Production Index. Distance and standard gravity control variables like population, contiguity, and common language are taken from the Dynamic Gravity datasets constructed by the United States International Trade Commission. Migration stock data is collected from the Bureau of Manpower Employment and Training (BMET) and the International Organisation of Migration (IOM). We collect exchange rate data from the Central Bank dataset. To tackle the issue of different currency units, a Bilateral Exchange Rate Index (BERI) is constructed, where the exchange rate of each month for each country is divided by the exchange rate of the base year of that particular country. Furthermore, COVID cases, COVID mortality, and COVID vaccination data are collected from the Our World in Data website.

Bangladesh Overseas Workers Remittances: Japan data was reported at 907.564 BDT mn in Mar 2025. This records a decrease from the previous number of 985.404 BDT mn for Feb 2025. Bangladesh Overseas Workers Remittances: Japan data is updated monthly, averaging 117.874 BDT mn from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 2,320.872 BDT mn in Aug 2024 and a record low of 31.900 BDT mn in Feb 2001. Bangladesh Overseas Workers Remittances: Japan data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

Bangladesh Overseas Workers Remittances: Oman data was reported at 22,750.982 BDT mn in Mar 2025. This records an increase from the previous number of 15,093.710 BDT mn for Feb 2025. Bangladesh Overseas Workers Remittances: Oman data is updated monthly, averaging 2,757.000 BDT mn from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 22,750.982 BDT mn in Mar 2025 and a record low of 291.300 BDT mn in Jul 1999. Bangladesh Overseas Workers Remittances: Oman data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

The Government of Bangladesh (GoB) first implemented the cash incentive of 2 percent in July 2019 and continued the scheme with some modifications amid the pandemic to enhance remittance inflows through formal channels and ensure macroeconomic stability in the country. This study examines the impact of the cash incentive introduced by the GoB to boost remittance inflow using the Interrupted Time Series (ITS) analysis along with the Chow test for structural stability. While ITS analysis has been employed by numerous studies in the healthcare sector, but this paper uses such analysis for the first time in any type of migration study in Bangladesh. We have used ITS as it is most effective in measuring the impact of policy interventions that are expected to act either quickly after an intervention or within a stipulated time frame. The study is also the first to examine the region wise efficacy of policy intervention in the country. Monthly Remittance Inflow data from July 2013 to December 2021 has been used for the analysis. Chow test results conclude that the policy intervention had a significant impact while the ITS analysis findings demonstrated that the cash intervention significantly increased both aggregated and region-specific remittance inflows, highlighting the significance of the action. The overall findings revealed that the introduction of cash incentive in July 2019 resulted in an immediate, sustained increase of 6.68 percent in remittance inflows, with a further increase of 0.25 percent every month. Region wise analysis shows that the impact was highest in the USA & UK region and lowest in the Middle Eastern region, which signifies issues related to prevalence of hundi market, skillset of migrant workers, average monthly salary, and remittance sending costs. Our research provides policymakers with significant information to implement customized policies that ensure macroeconomic stability by enhancing remittance inflows through formal channels.

Foreign Exchange Reserves in Bangladesh decreased to 25798.20 USD Million in May from 27429.70 USD Million in April of 2025. This dataset provides - Bangladesh Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bangladesh Overseas Workers Remittances: Bahrain data was reported at 6,497.404 BDT mn in Mar 2025. This records a decrease from the previous number of 6,862.486 BDT mn for Feb 2025. Bangladesh Overseas Workers Remittances: Bahrain data is updated monthly, averaging 1,991.500 BDT mn from Jan 1999 (Median) to Mar 2025, with 315 observations. The data reached an all-time high of 8,675.984 BDT mn in Oct 2024 and a record low of 122.900 BDT mn in Jan 2000. Bangladesh Overseas Workers Remittances: Bahrain data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

The value of remittances received in Nepal was roughly **** times higher than the remittance outflow, with most money from Nepal going towards India in 2021. This is according to a ranking that attempts to map out the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about *** in ***** people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. For Nepal, the top five recipient countries for remittances in 2021 included India, China, Bhutan, Pakistan, and Bangladesh. Nepal's main sources for remittances were the Saudi Arabia, Malaysia, India, Qatar, and the United States.

Overseas Workers Remittances: Qatar data was reported at 12,203.690 BDT mn in Feb 2025. This records an increase from the previous number of 11,572.861 BDT mn for Jan 2025. Overseas Workers Remittances: Qatar data is updated monthly, averaging 1,947.374 BDT mn from Jan 1999 (Median) to Feb 2025, with 314 observations. The data reached an all-time high of 15,161.898 BDT mn in Mar 2023 and a record low of 218.800 BDT mn in Oct 1999. Overseas Workers Remittances: Qatar data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.

The Government of Bangladesh (GoB) first implemented the cash incentive of 2 percent in July 2019 and continued the scheme with some modifications amid the pandemic to enhance remittance inflows through formal channels and ensure macroeconomic stability in the country. This study examines the impact of the cash incentive introduced by the GoB to boost remittance inflow using the Interrupted Time Series (ITS) analysis along with the Chow test for structural stability. While ITS analysis has been employed by numerous studies in the healthcare sector, but this paper uses such analysis for the first time in any type of migration study in Bangladesh. We have used ITS as it is most effective in measuring the impact of policy interventions that are expected to act either quickly after an intervention or within a stipulated time frame. The study is also the first to examine the region wise efficacy of policy intervention in the country. Monthly Remittance Inflow data from July 2013 to December 2021 has been used for the analysis. Chow test results conclude that the policy intervention had a significant impact while the ITS analysis findings demonstrated that the cash intervention significantly increased both aggregated and region-specific remittance inflows, highlighting the significance of the action. The overall findings revealed that the introduction of cash incentive in July 2019 resulted in an immediate, sustained increase of 6.68 percent in remittance inflows, with a further increase of 0.25 percent every month. Region wise analysis shows that the impact was highest in the USA & UK region and lowest in the Middle Eastern region, which signifies issues related to prevalence of hundi market, skillset of migrant workers, average monthly salary, and remittance sending costs. Our research provides policymakers with significant information to implement customized policies that ensure macroeconomic stability by enhancing remittance inflows through formal channels.

Nearly half of the remittances that left the United Arab Emirates in 2021 went towards India, according to a ranking that maps the flow of such money transfers. Remittances refer to cross-border payments to family or friends and are often associated with migrant workers sending money back home to friends or relatives back in their communities of origin. It is estimated that about one in seven people worldwide are involved with remittances - substantially impacting payment behavior in, especially, Asia and Latin America. The UAE stands out in this reporting as it one of the few countries that did not have a registered inflow of remittances. The source does not clarify why this is the case - it does not state whether there is a lack of data on this, or incoming remittances were simply too small. The top five recipient countries for remittances from the UAE in 2021 included India, Egypt, Pakistan, Bangladesh, and the Philippines.

Bangladesh Overseas Workers Remittances: USD: South Korea data was reported at 14.700 USD mn in Apr 2024. This records an increase from the previous number of 13.740 USD mn for Mar 2024. Bangladesh Overseas Workers Remittances: USD: South Korea data is updated monthly, averaging 5.020 USD mn from Jul 2005 (Median) to Apr 2024, with 225 observations. The data reached an all-time high of 26.260 USD mn in Oct 2020 and a record low of 0.260 USD mn in Jun 2010. Bangladesh Overseas Workers Remittances: USD: South Korea data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB014: Overseas Workers Remittances: USD.

Summary statistics of the impact of policy intervention in total and region-wise remittance inflows.

Bangladesh Overseas Workers Remittances: USA data was reported at 59,933.316 BDT mn in Feb 2025. This records an increase from the previous number of 48,902.346 BDT mn for Jan 2025. Bangladesh Overseas Workers Remittances: USA data is updated monthly, averaging 10,407.050 BDT mn from Jan 1999 (Median) to Feb 2025, with 314 observations. The data reached an all-time high of 67,804.482 BDT mn in Dec 2024 and a record low of 734.900 BDT mn in Jan 2001. Bangladesh Overseas Workers Remittances: USA data remains active status in CEIC and is reported by Bangladesh Bank. The data is categorized under Global Database’s Bangladesh – Table BD.JB013: Overseas Workers Remittances: BDT.