Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Worker remittance up by 82% for the first two months of 2023 from 2022

EconomicsMar 12, 2023
Worker remittance up by 82% for the first two months of 2023 from 2022

Worker remittances have improved in 2023 compared with 2022 on a narrow base. Average worker remittances for the first two months have been USD 1.1Bn in the pre-covid period compared to USD 845Mn in 2023. Inflow fell in Feb from the previous month.

Though the growth of worker remittances in the first two months of 2023 vs 2022 is 82%, it is learned that there is a deterioration of around USD 250Mn from the historical figures.

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