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Socio Economic Impact of Foreign Remittance in Bangladesh

Socio Economic Impact of Foreign Remittance in Bangladesh

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Published by Mahmudur Rahman
Socio Economic Impact of Foreign Remittance in Bangladesh
Socio Economic Impact of Foreign Remittance in Bangladesh

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Published by: Mahmudur Rahman on Apr 26, 2011
Copyright:Attribution Non-commercial

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07/20/2013

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OBJECTIVES:
To
examine the impact of migration on remittances,remittances on per capita income,remittances on the wellbeing of household,utilization of remittance by migrant households,To understand the role of remittance in economic development.
METHODOLOGY:
Exploratory research.
SOURCES OF DATA:Primary:
Survey, informal interviews.
Secondary:
Website of BMET, Bangladesh Bank, Statistics Dept. etc.
LIMITATIONS:
Confidential data,Absence of data on the
use
 
of remittances,Lack of detailed data on the regional distribution of migrants,Data is available on different aspects of short term migrants,but there is no data on long term.Lack of practical experience on such a vast topic.
 
Extent:
From 1976 to 2009 the total number of short-term migrants is
6.624
million. It indicates a yearly average flow (1996–2009) of 
3.8
lac.
Main Flow:
KSA, UAE, Malaysia, UK, USA, Singapore & Middle East.
Type of Employment:
Professional, skilled, semi-skilled, and unskilled.
Gender Distribution:
Mainly male, Females are negligible in number
(>1%).
Age & Education:
Mostly 20-40 years old & education is class 1 to SSC.
Country Wise BangladeshiMigrants (Up to Sep'09)
 
Overseas Employment and Remittances
Manpower export & flow of remittance
020004000600080001000012000
No. of expatriatesRemittance Million US$
 
 
0100002000030000400005000060000
5.966.47.88.8101146.844.444.545.649.156.162.3
As Percent of GDPAs percent of Export
Expatriates Classified by Skill
 
Trend of Overseas Employment
Remittances and Broad Macroeconomic Indicators
 
Remittance as % of GDP & export
Foreign Currency Reserves of BD in Million $
 
Professional3%Skilled31%Semi-skilled16%Less-skilled50%
913520880160821212765307020391719173915231602130715832470270529303484507761497471
010002000300040005000600070008000

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