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Remittances Profile: Bangladesh
Formal Remittances Inflows
Source: Remittances data, Development Prospects Group, World Bank, 2011
Remittances Inflows as a Share of Selected Financial Flows and GDP, 2009
Sources: International Trade Statistics, World Trade Organization, 2010World Development Indicators, World Bank, 2011Remittances data, Development Prospects Group, World Bank, 2011
Remittances flows constitute an important source of foreign exchange for developing economies. Comparing remittances to other financial inflows displays the extent to which remittances contribute to a country's inflow of foreign exchange.
$779
$1,968
$10,804
-
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
11,000
12,000
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010e
(Mill
ions
of U
S d
olla
rs)
1125%
70%
858%
1561%
12%
0% 500% 1000% 1500% 2000%
Commercial Services Exports
Merchandise Exports
Official Development Assistance (Net)
Foreign Direct Investment
Gross Domestic Product
International Migration Selected Socioeconomic IndicatorsTotal immigrantsa 1,085,345 Total populationa 158,570,535Total refugeesa 26,942 Annual population growtha 1.57%Total emigrantsa 5,380,200 Life expectancy at birtha 69.75Skilled emigration rate, tertiary educatedb 4.3% Infant mortality rate (per 1,000 live births)a 50.73Net migration per yearc -582,000 GDP per capita (purchasing power parity)a $1,700Notes: a2010; b2000; c2005-2010 GDP real growth ratea 6.0%Sources: International Migrant Stock, 2009 Human Development Index Levelb Low
World Population Prospects, 2010 Human Development Index Rank (out of 169)b 129Migration and Remittances Factbook, 2011 Notes: a2011 estimates; b2010
Sources: CIA World Factbook, 2011Human Development Report, 2010
Remittances and Migration by ContinentRemittances Inflows to Bangladesh Percent of Bangladeshi Migrants
by Continent of Origin by Continent of Destination
Notes: Values are not displayed if they are less than 1 percent.Source: Human Development Report, 2009
Remittances Costs to Bangladesh from Remittances ResourcesSingapore Saudi Arabia Agunias, Dovelyn Rannveig. Remittances and
Average cost of sending US$200 $4.58 $8.19 Development: Trends, Impacts, and Policy Options.
Company with lowest cost Prime Bank Al-Rajhi Bank Migration Policy Institute, 2006.Lowest cost $2.35 $5.45
Ratha, Dilip. Leveraging Remittances for Development.Notes: Corridor averages are unweighted and include Migration Policy Institute, June 2007.
money transfer operators, banks and others.Refers to the first quarter of 2011. Ratha, Dilip, Sanket Mohapatra, and Ani Silwal.
The two least costly corridors are selected Migration and Remittances Factbook 2011.among those included in the World Bank study. Washington, DC: The World Bank, 2010.
Source: Remittances Prices, World Bank, 2011Further readings on Migration and DevelopmentFor definitions, see our Remittances Glossary
Copyright 2011 Migration Policy Institutewww.migrationpolicy.org/datahub
1%
92%
5%2%
Africa
Asia
Europe
Latin America & Caribbean
North America
Oceania
70%
18%
11%
1%
