Remittance Contribution to the Economy

The major factor of this article is represent on Remittance Contribution to the Economy. Bangladesh accounted for 12% of remittances coming straight into South Asia and 2% on the overall global remittances. One of several top 20 remittance-recipient countries, the position associated with Bangladesh was 14th and amount has been US$3. 4 million in 2004. It is very evident from the info of remittances since percentage of Gross Domestic Product that remittance sector has received profound impact on the economy of Bangladesh.