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Remittance Dynamics of Bangladesh
Maksudul Chowdhury / June 25, 2020
Inward Remittance or simply Remittance has been one of the key drivers of Bangladesh’s economy. It is the second largest foreign exchange earner for Bangladesh after export, and is the decisive factor to keep country’s current account balance in positive mark. In 2019, Bangladesh received USD 18.33 billion as remittances, highest ever in history. This has put Bangladesh as the 3rd largest remittance recipient country in South Asia and 10th largest in the world, according to World Bank. A large chunk of this remittance goes to the rural areas of Bangladesh, mainly used for private consumption. Thus remittance benefits the country not only at macro level but also at micro level by improving quality of lives, reducing unemployment, creating demand for products and services for various industries, knowledge transfer etc.
The multiplicative impacts of remittance have pushed Magpie Analytics to prepare an interactive dashboard on remittance. Whether you are a policymaker, an economist, an analyst, an industry specialist or just an enthusiastic learner – this dashboard presents the data to cater the needs of all.
Once you are in the dashboard, the snapshot gives the overview of key variables related to - Read More.
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