Bangladesh 10th among top Asia-Pacific remittance earners
Reuters
Bangkok: Bangladesh is the tenth among the top remittance earners in the Asia-Pacific region, says a United Nations report published this week.
Bangladeshis staying abroad earns $15 billion [Tk 1174.96 billion] while Indians are top remittance earners with yearly income $70.4 billion [Tk 5483.13 crore].
China, Philippines, Mexico, France, Nigeria, Egypt, Pakistan and Germany hold the positions form the second and ninth top earners.
Of the estimated 232 million migrants in the world in 2013, more than 95 million are from the Asia-Pacific region, according to the United Nations’ Asia-Pacific Migration Report 2015.
Most of the region’s migrants go to nearby or neighbouring countries - with Asia-Pacific hosting about 59 million migrants - while others go further afield to work in places such as the Middle East and North America.
Most of the region’s international migrants take temporary, low-skill or low-status jobs — the “3D” jobs that are dirty, dangerous or demeaning, such as construction work for men and domestic work for women.
Here are some numbers from the report launched this week.
Top recipients of remittances in 2014:
|
1. India |
$70.4 billion |
|
2. China |
$64.1 billion |
|
3. Philippines |
$28.4 billion |
|
4. Mexico |
$24.9 billion |
|
5. France |
$24.8 billion |
|
6. Nigeria |
$20.9 billion |
|
7. Egypt |
$19.6 billion |
|
8. Pakistan |
$17.1 billion |
|
9. Germany |
$15.8 billion |
|
10. Bangladesh |
$15.0 billion |
Top countries of origin in Asia-Pacific in 2013:
|
1. India |
14.2 million migrants leaving the country |
|
2. Russia |
10.8 million |
|
3. China |
9.3 million |
|
4. Bangladesh |
7.8 million |
|
5. Pakistan |
5.7 million |
|
6. Philippines |
5.5 million |
|
7. Afghanistan |
5.1 million |
|
8. Kazakhstan |
3.8 million |
|
9. Turkey |
3.1 million |
|
10. Indonesia |
3.0 million |
Asia Pacific’s top destination countries in 2013:
|
1. Russia |
11.0 million migrant arrivals |
|
2. Australia |
6.5 million |
|
3. India |
5.3 million |
|
4. Pakistan |
4.1 million |
|
5. Thailand |
3.7 million |
|
6. Kazakhstan |
3.5 million |
|
7. China |
2.8 million |
|
8. Iran |
2.6 million |
|
9. Malaysia |
2.5 million |
|
10. Japan |
2.4 million |
The World Bank estimated remittances to developing countries at $435 billion in 2015, with Asia-Pacific countries receiving the highest amounts. Remittances make up a significant part of the economy in smaller economies, including about a third of GDP in Nepal.