Sri Lanka Tourism earnings top US $ 4.38 Bn in 2018, grows 11.6%, Remittances down 2.1% to US $ 7 Bn

March, 18, 2019

Sri Lanka’s tourism sector earnings rose to US $ 4.38 billion or US $ 4,381 million in 2018, in comparison to US $ 3.92 billion or US $ 3,925 million in 2017, the latest Central Bank data outlined.

However the statistics showed that workers remittances declined by 2.1% to $ 7 billion in 2018, whilst workers’ remittances in December 2018 declined by 13%, year-on-year, to $ 584 million. On a cumulative basis, workers’ remittances recorded a decline of 2.1% to $ 7,015 million in 2018, from $ 7,164 million in 2017.

 

- Reporting by Devendra Francis