Tuesday, 04 June 2024 13:28

Sri Lanka services sector inflows remain robust Featured

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Sri Lanka Services sector inflows (excluding tourism) in April had amounted to $ 330 million thereby increasing the figure in the first four months of this year to $ 1.15 billion. Comparative data a year ago was $ 280 million and $ 1.05 billion respectively.

The Central Bank said Computer & IT/BPO related services were the major contributors to the increase in inflows to the rest of the services sector in April 2024. However, there was a moderation in sea transport services compared to April 2023.

Earnings from tourism in April 2024 were estimated at $ 226 million, in comparison to $ 338 million in March 2024 and $ 148 million in April 2023.

Workers’ remittances amounted to $544 million in April 2024, in comparison to $ 454 million in April 2023 and $ 572 million in March 2024.

Foreign investments in the government securities market recorded a net outflow of $ 24 million in April 2024, resulting in a cumulative net outflow of $113 million during January-April 2024.

 

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