Remittances to Bangladesh are money transfers (remittances) sent by the Bangladeshi diaspora to Bangladesh. According to the World Bank, Bangladesh is the 7th highest recipient of remittance in the world[1] with almost $22.1 billion in 2021 and was the third highest recipient of remittance in South Asia.[2] A survey on the remittance usage conducted by the Bangladesh Bureau of Statistics in 2013 showed that 32.81% and 32.82% of the remittances are used for food and non-food expenditures. 18.84% of remittances were used for durable and other expenses including 17.39% utilised for the purchase of land. In regards to investment and savings, the Bangladesh Bureau of Statistics revealed that 33.45% of remittances goes to investment and 13.74% of remittances goes to savings.[3] Presently, the World Bank stands as the foremost external financier for Bangladesh. The determination to sustain funding is rooted in Bangladesh's remarkable accomplishments and the essential measures needed to sustain its advancement towards the objective of attaining upper-middle-income status by 2031. [4]
^"Bangladesh 7th highest remittance recipient: World Bank". The Daily Star. 2022-05-13. Retrieved 2022-06-12.
^"Bangladesh's remittance inflow hits record high in 2021". New Age. 2022-01-02. Retrieved 2022-06-12.
^"Utilisation of Workers' Remittances in Bangladesh" (PDF). Bangladesh Bank. Research Department Bangladesh Bank. November 2017. Retrieved August 6, 2020.
^"Overview". World Bank. Retrieved 2023-08-19.
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