Both workers’ remittances and earnings from tourism recorded notable improvements in August 2023 compared to the previous year.
Workers’ remittances amounted to US dollars 499 million in August 2023 in comparison to US dollars 325 million in August 2022 and US dollars 541 million in July 2023. Meanwhile, based on the provisional data, total departures for foreign employment in August 2023 and during January to August 2023 amounted to 26,131 and 197,146, respectively, in comparison to the total departures of 311,056 recorded in 2022.
Earnings from tourism in August 2023 were estimated at US dollars 211 million, in comparison to the estimates of US dollars 219 million in the previous month and US dollars 68 million in the corresponding month in 2022. Consequently, earnings from tourism during January to August 2023 amounted to US dollars 1,304 million, compared to US dollars 833 million in the corresponding period in 2022.
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