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Loan Defaults of Banks in Bangladesh:

Banks
State
Specialized
Sept15
22,727
5,287
Dec15
23,744
4,968
Inflation in Bangladesh (2016):
Month
Jan
Feb
Percentag
6.07
5.62
e
Remittances inflow in Bangladesh:
FY
FY11
FY12
Billion $
11.65
12.84

Mar
5.65

FY13
14.46

Private
24,578
20,760

Apr
5.61

FY14
14.23

Foreign
2,115
1,897

May
5.45

June
5.53

FY15
15.32

July
5.40

FY16
14.93

Remittances sent by migrant workers play a crucial role in the country's economy, helping
reduce the overall incidence of poverty as well as maintaining a healthy balance of
payments. Remittances helped reduce the poverty level in Bangladesh by 1.5 percent and
account for about 66 percent of the foreign currency reserves, providing the nation with a
strong and stable external position, according to a recent study by the World Bank.
About 91 percent of migrants are blue-collar workers in Saudi Arabia, the UAE, Malaysia,
Oman, Kuwait, South Korea and Singapore, according to a survey of Bangladesh Bureau of
Statistics conducted in 2013. Although Bangladesh sends a sizable number of workers every
year abroad, remittance income has not kept pace with the increasing number of people
going abroad, as they are mostly little trained and lowly educated.
According to the budget document, there are about 70 lakh Bangladeshis currently working
abroad. Of them, 31 percent are skilled, 14 percent semi-skilled, 2 percent professionals and
52 percent lowly skilled. The government plans to raise the number of skilled migrant
workers to 50 percent by 2030. The country is also exploring opportunities in new markets.
Exports in Bangladesh (2016):
Month
Jan
Feb
Billion $
3.18
2.85

Mar
2.83

Apr
2.68

May
3.02

June
3.58