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Bangladeshis Travelling Overseas On The Rise

The number of Bangladeshis going overseas has increased slightly in the last fiscal year [FY16], according to Bangladesh Bank provisional data. Outbound travel spending rose from $404.7 million in FY15 to $436.4 million in FY16, a 7.83 percent rise from the previous year.

Bangladeshis Travelling Overseas On The Rise | Data: Bangladesh Bank | Future Startup
Bangladeshis Travelling Overseas On The Rise | Data: Bangladesh Bank | Future Startup

However, the number does not represent the real expenditure in foreign travel. Since data collected only shows the official endorsement of foreign currencies for travelling purpose, the actual figure remains unreported.

An increasing number of Bangladeshis are travelling abroad every year. In 2014, some 1.5 million Bangladeshis visited abroad, according to Data from the Bangladesh Bank, National Board of Revenue and Bangladesh Institute of Development Studies, showing a sign of the rise of a new middle and upper class in the country.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at [email protected]

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