State of the Bangladesh Economy in FY2023-24 (First Reading)
Independent Review of
RBD
Bangladesh's Development
➤ The discrepancy between the
number of migrant workers
going abroad and flow of
remittances is a reason for
concern.
Migration and remittance flows
Table 5.7: Country-wise overseas employment (January 2019-
November 2023) and remittance inflows (July-November)
Overseas
Employmen
FY21
July to November
FY22
FY23
FY24
t (lac)
(million
(million
(million
(million
Country
(Jan 2019-
USD)
USD)
USD)
USD)
Nov 2023)
Kuwait
0.71
779.2
700.1
662.0
592.8
Oman
4.54
770.5
419.1
269.3
368.6
Qatar
1.40
561.8
569.0
615.2
443.2
K. S.A.
20.82
2585.3
2065.0
1602.5
1262.3
U.A.E.
2.25
1180.1
694.8
1143.5
1542.3
Italy
0.26
351.0
415.7
515.8
644.7
Malaysia
3.80
983.6
444.9
464.7
531.6
Singapore
2.02
293.5
132.6
146.0
181.1
U.K.
0.11
866.8
734.0
760.4
1087.2
U.S.A
0.00
1369.0
1423.8
1538.3
915.1
Others
Total
(growth
rate)
0.81
678.3
593.3
666.1
900.8
38.81
10904.4
8608.9
8792.9
8823.9
(29.2%)
(-21.1%)
(2.1%)
(0.4%)
CPD (2023): State of the Bangladesh Economy in FY2023-24 (First Reading)
Note. Growth rate in parentheses.
Source: Extracted from BMET (2023) and Bangladesh Bank (2023).
74View entire presentation