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Remittance from foreign laborers is the second highest source of foreign currency earnings for Bangladesh. However, since a major portion of the earnings from the highest source is spent buying raw materials, remittance (in other words, the earnings from the foreign labor market for Bangladeshis) is the largest source of net foreign earnings.

According to data from the Bureau of Manpower, Employment and Training, Bangladesh has sent a staggering 12.46 lakh workers abroad until 2024, surpassing last year's figure of 11.35 lakh. While the labor export sector has witnessed remarkable growth, remittance inflows remained stagnant for the past two calendar years, hovering at the $23-billion mark. Globally, Bangladesh is the 7th highest recipient of remittance in the world with almost and was the third highest recipient of remittance in South Asia. About 77% of the total remittance earnings come from the Gulf Countries which include the Kingdom of Saudi Arabia (KSA), UAE, Qatar, Oman, Bahrain, and Kuwait. This indicates that the Bangladesh economy is highly dependent on these countries to sustain its foreign earnings.