Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Gradual increase of Professional & Clerical migration for Foreign Employment

OtherMar 13, 2024
Gradual increase of Professional & Clerical migration for Foreign Employment

The data indicates a gradual shift in the composition of total departures for foreign employment by manpower level in recent periods. The departures for low-skilled foreign employment still dominate with little less than 1/3 but departure for Professional & Clerical and middle-level employment has increased.

The outcome would be twofold, we may see increased worker remittance while losing professionals for the economy.

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