According to the Central Bank of Sri Lanka, workers’ remittances recorded a significant 33% year-on-year increase, reaching US$ 729 million in February 2026. This represents the highest inflow ever recorded for the month of February, highlighting the resilience and vital contribution of Sri Lankan expatriates to the national economy.
Record-Breaking Inflows Strengthen Foreign Reserves
The February 2026 inflows surpassed the previous record of US$ 598.08 million set in February 2018, reflecting a 22% improvement. With total remittances for the first two months of 2026 amounting to US$ 1.48 billion, Sri Lanka continues to benefit from strong foreign exchange support, vital for stabilizing reserves and financing essential imports.
During 2025, a total of 310,915 skilled and semi-skilled workers left the country for foreign employment, including 190,609 men and 120,036 women. While total departures declined by 1.2% YoY, remittance inflows increased sharply, highlighting improved earnings abroad and greater confidence in formal transfer mechanisms.
The Central Bank projects continued strength in remittance inflows throughout 2026, supported by government initiatives to encourage formal transfer channels. This momentum is expected to play a crucial role in currency stabilization, debt management, and long-term economic growth.
