Remittance Costs Statistics in Bangladesh (2026)
According to World Bank World Development Indicators data, the average cost of sending remittances in Bangladesh came to 7.7% of the amount sent in 2023. Up from 3.4% in 2022 to 7.7% in 2023 (+4.2 percentage points). Bangladesh ranks #4 of 4 economies in South Asia on this measure, and #88 of 101 globally.
Key Statistics
- Latest value (2023)
- 7.7% (2023)
- Remittance Costs in Bangladesh as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- +4.2 pp (2023)
- Up from 3.4% in 2022 to 7.7% in 2023 (+4.2 percentage points).
- Earliest value in this dataset (2016)
- 3.8% (2016)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 3.8% in 2016 to 7.7% in 2023.
- Record high (2023)
- 7.7% (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for Bangladesh.
- Rank in South Asia (lower is better; rank 1 = lowest)
- #4 of 4 (2023)
- Bangladesh ranks 4 of 4 countries in South Asia with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #88 of 101 (2023)
- Bangladesh ranks 88 of 101 countries with data globally. Ranked ascending because lower values are better for this metric.
- South Asia average
- 3.5% (2023)
- Bangladesh (7.7%) is above the average of 3.5% across the 4 countries in South Asia with data.
- Personal remittances, received (current US$) (2024)
- $27.5 billion (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Bangladesh (2024)
- 53.4% (2024)
- 53.4% of the population in Bangladesh used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 173.6 million (2024)
- Bangladesh had a population of 173.6 million in 2024 (World Bank); shown for scale only.
Trend, 2016–2023
| Year | % of amount sent | Change |
|---|---|---|
| 2023 | 7.7% | +4.2 pp |
| 2022 | 3.4% | +0.6 pp |
| 2021 | 2.8% | −0.3 pp |
| 2020 | 3.1% | +0.1 pp |
| 2019 | 2.9% | −0.7 pp |
| 2018 | 3.6% | +0.3 pp |
| 2017 | 3.3% | −0.5 pp |
| 2016 | 3.8% | — |
Frequently asked questions
What is the latest figure for average cost of sending remittances in Bangladesh?
The average cost of sending remittances in Bangladesh stood at 7.7% of the amount sent in 2023, according to World Bank World Development Indicators data.
How does Bangladesh compare with other countries in South Asia?
Bangladesh ranks 4 of 4 countries in South Asia with data (ranked ascending; lower is better), with 7.7% versus a regional average of 3.5% (latest values per country).
Where does Bangladesh rank globally on remittance costs?
Bangladesh ranks 88 of 101 countries with data globally (ranked ascending; lower is better), based on the latest World Bank World Development Indicators value for each country.
Source & methodology
Source: World Bank, World Development Indicators, indicator
SI.RMT.COST.IB.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .