Bangladesh ranks further in expatriate income...

Dhaka, Tuesday   15 June 2021

Bangladesh ranks further in expatriate income

 Staff Correspondent

 Published: 02:46 PM, 18 May 2021  

File Photo

File Photo

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.