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Bangladesh Remittance Statistics

By Hafsa Binte Omar

Bangladesh is the world’s fifth largest remittance recipient country, with $15.31 billion received in 2020. This accounts for around 5.9 percent of Bangladesh’s GDP and is a vital lifeline for many Bangladeshi people and families. This statistic provides an overview of remittances sent to Bangladesh as of 2020.

Table Of Content:

7. Bangladesh Remittances | 2012-2020 Data | 2021-2023 Forecast ...
Remittances in Bangladesh decreased to 2050.65 USD Million in December from 2078.74 USD Million in November of 2020. Remittances in Bangladesh ...

  • Source: Google.
  • What was the total amount of money transferred to Bangladesh in 2020?

    In 2020, $15.31 billion was sent to Bangladesh as remittances.

    How does this amount compare to the previous year?

    The total amount of money transferred to Bangladesh increased by 8.4% from 2019 when $14.096 billion was sent as remittance.

    How much does remittances constitute in Bangladesh's GDP?

    Remittances account for around 5.9 percent on Bangladesh’s GDP in 2020.

    What is the largest source country for remittances?

    The United States is the largest source country for remittances with a total of $5.58 billion in 2020

    Does this statistic include informal transfers?

    This statistic only includes formal transfers, excluding informal transfers.

    Remittances are an important source of income for many individuals and families living in Bangladesh, which can be seen through these figures showing $15.31 billion being transferred in 2020 alone - 8.4% more than 2019's figure ($14.096 billion). This information opens up a conversation on how we can further support diaspora communities who continue sending life-changing funds via formal channels back home countries like Bangladehsh.


    Hafsa Binte Omar

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