Sri Lanka Records Significant Increase in Remittances and Tourism Earnings – CBSL
Aruna Shantha
01-Jul-2025 09:16:53
The Central Bank of Sri Lanka (CBSL) reports a notable 17.9% increase in foreign employment remittances for May 2025, highlighting continued growth in external income sources. According to the latest data, the total remittances received from January to May 2025 amount to USD 3.1 billion.
In addition, Sri Lanka’s tourism sector continues its strong recovery, with earnings in May reaching USD 164 million. The cumulative tourism income for the first five months of 2025 now stands at USD 1.5 billion.
Meanwhile, the country spent USD 118 million on vehicle imports in May alone, bringing the total expenditure on vehicle imports from January to May to USD 312 million.
Sri Lanka’s gross official reserves remain steady at USD 6.3 billion as of May, a level comparable to the reserves recorded in April, according to the CBSL.
These figures reflect a gradual strengthening of the country’s external sector amidst ongoing economic reforms and global recovery trends.
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