Remittance inflows to GDP in Sri Lanka
Sri Lanka: Remittance inflows to GDP was 8.8% in 2020. β² Rising
Remittance inflows to GDP in Sri Lanka, 1975β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Sri Lanka recorded 8.8% for remittance inflows to gdp in 2020.
The figure is up 9.6% on the previous year and up 21.3% over ten years.
Over the whole period, remittance inflows to gdp in Sri Lanka peaked at 8.9% in 2014 and was at its lowest, 0.2%, in 1975.
Sri Lanka ranks 42nd of 196 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9% | 0.2% | 1.8% | 5 |
| 1980s | 5.1% | 3.8% | 6.1% | 10 |
| 1990s | 5.9% | 4.9% | 6.8% | 10 |
| 2000s | 7.6% | 7.1% | 8.1% | 10 |
| 2010s | 8.3% | 7.3% | 8.9% | 10 |
| 2020s | 8.8% | 8.8% | 8.8% | 1 |
Countries ranked near Sri Lanka
More financial sector data for Sri Lanka
- Net domestic credit (current LCU), per capita 536,545 current LCU per person (2019)
- Net domestic credit (current LCU), per unit of GDP 131.44 current LCU per US$ of GDP (2019)
- Net domestic credit (current LCU), annual growth rate 8.91 % change on previous year (2019)
- Gold reserves at 35 SDRs per ounce 528,500 SDR (2024)
- Gold reserves at market value 30.21 million SDR (2024)
- Reserves excluding gold, foreign exchange 4.64 billion SDR (2024)
- Reserves excluding gold 4.64 billion SDR (2024)
- Total reserves (gold at market value) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) 4.67 billion SDR (2024)
- Domestic credit to private sector by banks 46.9% (2019)
Frequently asked questions
- What is remittance inflows to gdp in Sri Lanka?
- Remittance inflows to gdp in Sri Lanka was 8.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Sri Lanka?
- The highest recorded value was 8.9% in 2014.
- What is the lowest remittance inflows to gdp recorded in Sri Lanka?
- The lowest recorded value was 0.2% in 1975.
- How does Sri Lanka rank for remittance inflows to gdp?
- Sri Lanka ranks 42nd out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Sri Lanka?
- Over the last ten years it is up 21.3%. The long-run trend across the full record is rising.
- Where does this Sri Lanka data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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CSV Β· JSON β 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.