Bangladesh ranks 7th in expatriate income

Bangladesh ranks 7th in expatriate income

Staff Correspondentdaily-bangladesh.com

Published: 21:32 13 May 2022  

File Photo

File Photo

The World Bank (WB) says Bangladesh ranks 7th among the top 10 countries in terms of expatriate income in 2021. 

The top six countries in terms of expatriate income are — India, Mexico, China, Philippines, Egypt and Pakistan.

Bangladesh ranks after India and Pakistan among 8 countries in South Asia.

The WB’s “Migration and Development” report on the expatriate income of low- and middle-income countries, released on Tuesday, forecasts this.

According to the report, in 2021, the expatriate income in Bangladesh has increased by only 2.2 percent ($22 billion). By the end of this year, the growth rate of expatriate income is likely to be 2 percent.

The report added that the growth was mainly due to “government incentives” and “remittances to families” in the country. At the beginning of last Ramadan (March), the growth of expatriate income in the country has decreased in the last 6 months except for a 24 percent jump.

It was also informed that the growth rate of expatriate income will come down to 2 percent by the end of this year.

DailyBangladesh/AS