Volume of remittances (in United States dollars) as a proportion of in Sri Lanka
Sri Lanka: Volume of remittances (in United States dollars) as a proportion of was 6.8% in 2024. ▼ Falling
Latest (2024)
6.8%
Change on year
down 5.6%
World rank
52nd
of 203 countries
All-time high
8.5%
in 2014
All-time low
5.2%
in 2022
Years of data
25
2000–2024
Volume of remittances (in United States dollars) as a proportion of in Sri Lanka, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Sri Lanka is 6.8%, measured in 2024.
Compared with earlier readings it is down 5.6% on the previous year and down 20.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Sri Lanka peaked at 8.5% in 2014 and was at its lowest, 5.2%, in 2022.
That places Sri Lanka 52nd out of 203 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Sri Lanka, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.0% | — |
| 2001 | 7.4% | +6.8% |
| 2002 | 7.8% | +5.5% |
| 2003 | 7.5% | -3.8% |
| 2004 | 7.6% | +1.0% |
| 2005 | 8.1% | +6.3% |
| 2006 | 7.7% | -5.3% |
| 2007 | 7.8% | +1.1% |
| 2008 | 7.2% | -7.3% |
| 2009 | 7.9% | +10.4% |
| 2010 | 7.0% | -11.4% |
| 2011 | 7.6% | +8.2% |
| 2012 | 8.5% | +12.0% |
| 2013 | 8.3% | -2.0% |
| 2014 | 8.5% | +2.2% |
| 2015 | 8.2% | -3.5% |
| 2016 | 8.3% | +0.3% |
| 2017 | 7.6% | -7.7% |
| 2018 | 7.5% | -2.1% |
| 2019 | 7.6% | +1.7% |
| 2020 | 8.5% | +11.7% |
| 2021 | 6.2% | -26.4% |
| 2022 | 5.2% | -17.4% |
| 2023 | 7.2% | +39.7% |
| 2024 | 6.8% | -5.6% |
Sri Lanka compared with similar countries
- Sri Lanka's 6.8% is above the median for upper middle income countries, which is 3.6%, 1.9× the median. (53 countries reporting)
- Sri Lanka's 6.8% is above the median for South Asia, which is 4.8%, 1.4× the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.6% | 7.0% | 8.1% | 10 |
| 2010s | 7.9% | 7.0% | 8.5% | 10 |
| 2020s | 6.8% | 5.2% | 8.5% | 5 |
Countries ranked near Sri Lanka
More economy & growth data for Sri Lanka
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.07 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -7.82 Percent per annum (2022)
- Foreign direct investment, net outflows (BoP, current US$), gaps 110.33 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0011 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.03 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 761.14 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 6.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 34.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 38.34 % change on previous year (2024)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Sri Lanka?
- Volume of remittances (in united states dollars) as a proportion of in Sri Lanka was 6.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Sri Lanka?
- The highest recorded value was 8.5% in 2014.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Sri Lanka?
- The lowest recorded value was 5.2% in 2022.
- How does Sri Lanka rank for volume of remittances (in united states dollars) as a proportion of?
- Sri Lanka ranks 52nd out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Sri Lanka?
- Over the last ten years it is down 20.3%. The long-run trend across the full record is falling.
- Where does this Sri Lanka data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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