The workers' remittances to Sri Lanka have declined during September, though the earnings from tourism have continued to grow marginally, providing a cushion to the current account of the external account, the Central Bank announced recently.
Workers’ remittances declined by 7.1 percent, year-on year, to USD 500 million in September 2018. Consequently, workers’ remittances declined by 1.5 percent to USD 5,277 million during the first nine months of 2018 in comparison to the corresponding period of 2017.
Tourist arrivals recorded a marginal growth of 2.8 percent in September 2018 as a result of a decline in the number of tourists arriving mainlyfrom India, Maldives and France in comparison to September 2017.
Tourist arrivals during the first nine months of 2018 totalled 1,731,922 which was a 11.6 percent increase over the corresponding period of 2017.
Earnings from tourism in September 2018 are estimated at USD 276 million, with cumulative earnings amounting to USD 3,212 million during the first nine months of 2018.