Sri Lanka’s workers’ remittances surged by 11.4% in January 2024 compared to the previous year, totaling USD 487.6 million, according to Minister of Labour and Foreign Employment, Manusha Nanayakkara.
Sri Lanka’s workers’ remittances have seen a notable uptick, surpassing USD 400 million in January 2024, marking an 11.4% increase from the same period in 2023.
Minister of Labour and Foreign Employment, Manusha Nanayakkara, revealed that the country earned a total of USD 487.6 million from foreign remittances in January alone. This significant boost underscores the continued reliance on remittances as a crucial source of foreign income for Sri Lanka’s economy.
Data compiled by the Central Bank of Sri Lanka indicates that between January and December 2023, the country received a total of USD 5,969.6 million in workers’ remittances, emphasizing the sustained contribution of overseas workers to the nation’s economic growth.
