Bangladesh ranks further in expatriate income
Published: 02:46 PM, 18 May 2021
Despite the situation caused by the coronavirus, Bangladesh has risen one step further in the 7th position in earning expatriate income.
This was stated at a recent half-yearly briefing of the Global Knowledge Partnership on Migration and Development (KNOMAD).
The briefing said Bangladesh has climbed to the 7th position among the lower-middle-income countries in terms of expatriate income.
It further said Bangladesh has earned $22 billion (Tk 2200 crore) expatriate income in 2020. Although the COVID pandemic has reduced expatriate income in different parts of the world, it has increased in Bangladesh and a few other countries in South Asia.
According to KNOMAD, a multilateral trust fund established by the World Bank, India has the highest expatriate income among low and middle-income countries in 2020 with more than $83 billion. China is in 2nd place with $60 billion. Mexico is in 3rd place with $43 billion, followed by the Philippines with $35 billion expatriate income. Egypt is in 5th place with $30 billion and Pakistan is in sixth place with $26 billion. Bangladesh is followed by Nigeria, Vietnam and Ukraine.