Remittances Profile:

Bangladesh

Formal Remittances Inflows

12,000

$10,804

11,000
(Millions of US dollars)

10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000

$1,968
$779

1,000
2010e

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

1990

Source:

Remittances data, Development Prospects Group, World Bank, 2011

Remittances Inflows as a Share of Selected Financial Flows and GDP, 2009

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.

Gross Domestic Product

12%

Foreign Direct Investment

1561%

Official Development
Assistance (Net)

858%

Merchandise Exports

70%

Commercial Services
Exports

1125%
0%

Sources:

500%

1000%

International Trade Statistics, World Trade Organization, 2010

World Development Indicators, World Bank, 2011
Remittances data, Development Prospects Group, World Bank, 2011

1500%

2000%

International Migration

Total immigrantsa
1,085,345
Total refugeesa
26,942
Total emigrantsa
5,380,200
Skilled emigration rate, tertiary educatedb
4.3%
Net migration per yearc
-582,000
a
Notes:
2010; b2000; c2005-2010
Sources: International Migrant Stock, 2009
World Population Prospects, 2010
Migration and Remittances Factbook, 2011

Selected Socioeconomic Indicators

Total populationa
Annual population growtha
Life expectancy at birtha
Infant mortality rate (per 1,000 live births)a
GDP per capita (purchasing power parity)a
GDP real growth ratea
Human Development Index Levelb
Human Development Index Rank (out of 169)b
a
Notes:
2011 estimates; b2010
Sources:
CIA World Factbook, 2011

158,570,535
1.57%
69.75
50.73
$1,700
6.0%
Low
129

Human Development Report, 2010

Remittances and Migration by Continent

Remittances Inflows to Bangladesh

Percent of Bangladeshi Migrants

by Continent of Origin

by Continent of Destination
2%

1%

1%

5%

Africa
Asia

11%

Europe

18%

70%

Latin America &

Caribbean

92%

North America
Oceania

Notes:

Values are not displayed if they are less than 1 percent.

Source:

Human Development Report, 2009

Remittances Costs to Bangladesh from

Remittances Resources

Singapore

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

Lowest cost

$2.35

Migration Policy Institute, 2006.

$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.

Source:

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.

Remittances Prices, World Bank, 2011

Further readings on
For definitions, see

Copyright 2011 Migration Policy Institute

www.migrationpolicy.org/datahub
data@migrationpolicy.org

Migration and Development

our Remittances Glossary