Bangladesh Remittances Surge 22.5% to Nearly $3 Billion in August
Summary
Bangladesh received nearly $3 billion in remittances in August, up 22.5% year-on-year, as overseas workers continued to boost the country’s foreign exchange earnings. Total inflows for July and August reached nearly $5.83 billion, with strong contributions from the Middle East.
Key Points
- Bangladesh received $2.967 billion in remittances in August, a 22.5 percent increase from a year earlier.
- Combined remittance inflows in July and August reached nearly $5.83 billion.
- Remittances remain a major source of foreign exchange and support household incomes and the balance of payments.
- A large share of remittances comes from Bangladeshi migrant workers in the United Arab Emirates, Saudi Arabia and Kuwait.
