What happened to Workers’ remittances & Tourist arrivals in June ?

Workers’ remittances

Workers’ remittances moderated to US dollars 274 million during June 2022, in comparison to US dollars 304 million in the previous month and US dollars 478 million in the corresponding month in the previous year. Meanwhile, total departures for foreign employment were recorded at 26,944 during the month of June 2022, a notable increase compared to 22,194 during May 2022.

Total departures of foreign employment comprised of unskilled (9,317), skilled (7,977) and domestic aid (6,556) categories.

Total departures for foreign employment during January-June 2022 were recorded at 140,701, compared to 30,757 in the corresponding period of the previous year and 117,952 in the year 2021.

Tourist arrivals

Tourist arrivals rose in June 2022 to 32,856, from 30,207 arrivals recorded in May 2022.

Unfavourable developments, such as ongoing fuel shortages, power outages, economic and social disruptions, travel advisories issued by certain countries etc., could have impacted tourist arrivalsin June 2022.

India, the United Kingdom, Australia, and Germany remained the main source countries for tourist arrivals in June 2022.

Earnings from tourism in the month of June 2022 are estimated at US dollars 59 million, in comparison to US dollars 54 million in the previous month and US dollars 4 million in the corresponding month in the previous year. (Central Bank)