Remittances remain a lifeline for Bangladesh's economy, contributing around 6-7 percent to GDP, according to financial reports. In FY24, remittance inflows reached $23.91 billion, a 10.66 percent increase from the previous year, according to Bangladesh Bank data.

The trend continues upward, offering relief amid external payment pressures and declining foreign reserves. In October, remittances rose 21.31 percent year-on-year to $2.39 billion, following sharp jumps of 40 percent in August and 80 percent in September. From July to October, inflows totaled $8.93 billion, up 30 percent from $6.87 billion during the same period in FY24.

Meanwhile, in FY24, 11.42 lakh Bangladeshis went abroad for work, slightly surpassing FY23's 11.37 lakh, according to Bureau of Manpower, Employment and Training (BMET) data. Currently, over 1.49 crore Bangladeshi migrants work in 176 countries, contributing significantly to the nation's economic resilience.