Workers’ remittances, earnings from tourism increase

Workers’ remittances increased notably to USD 476 million in June 2023 in comparison to US dollars 274 million in June 2022.

Meanwhile, based on provisional data, total departures for foreign employment during January to June 2023 and departures in June 2023 amounted to 146,437 and 24,087, respectively. Departure levels in the first half of 2023 were broadly similar to that in 2022. Annual departures for 2022 were around 311,056. Tourist arrivals increased to 100,388 in June 2023, compared to 83,309 arrivals recorded in May 2023.

Meanwhile, the cumulative tourist arrivals during January-June 2023 amounted to 624,874, compared to 411,377 arrivals recorded during the corresponding period in 2022. Earnings from tourism in June 2023 were estimated at USD 123 million, in comparison to USD 100 million in the previous month and USD 45 million in the corresponding month in the previous year.

Consequently, earnings from tourism during January-June 2023 amounted to USD 875 million, compared to USD 680 million in the corresponding period in 2022.