The objective of this study is to present an in-depth analysis of the trend and pattern of remittance transfers to Bangladesh, focusing on key variables that have influenced growth and development in this important sector of the economy. Remittances play a crucial role in sustaining household livelihoods, improving foreign exchange reserves, and maintaining overall economic stability in recent years. However, the inflows have taken a disturbing turn downwards. The study not only examines the long-term trends in remittance growth but also investigates the possible causes of the recent reversal in the upward trend. Using secondary data from major national sources such as the Bangladesh Bureau of Manpower, Employment and Training (BMET), and Bangladesh Bank, the analysis employs descriptive statistics and visual tools like graphs and charts to clearly and effectively illustrate observed patterns. The results show that several interconnected factors—such as changes in global labor demand, policy inconsistencies, increased informal transfer channels, and economic issues in key migrant-receiving countries—have contributed to the fluctuating and decreasing remittance flows. The study also makes several policy suggestions aimed at helping reverse this negative trend, with improved migration management, stronger incentives for formal channels for the transfer of money, and better skill development programs for outbound workers.

Keywords

Remittance, Households, Foreign Exchange, Migration, Skill Development