Friday Nov 22, 2024
Friday Nov 22, 2024
Monday, 3 June 2024 02:25 - - {{hitsCtrl.values.hits}}
Services sector inflows (excluding tourism) in April had amounted to $ 330 million thereby increasing the figure in the first four months of this year to $ 1.15 billion.
Comparative data a year ago was $ 280 million and $ 1.05 billion respectively.
The Central Bank said Computer & IT/BPO related services were the major contributors to the increase in inflows to the rest of the services sector in April 2024. However, there was a moderation in sea transport services compared to April 2023.
Earnings from tourism in April 2024 were estimated at $ 226 million, in comparison to $ 338 million in March 2024 and $ 148 million in April 2023.
Workers’ remittances amounted to $544 million in April 2024, in comparison to $ 454 million in April 2023 and $ 572 million in March 2024.
The major outflows from the services sector in April 2024 were recorded
mainly in relation to air transport, sea transport, travel abroad and technical, trade-related, and other business services. Total services sector outflows were estimated at $188 million in April 2024, in comparison to $ 139 million in April 2023.
Foreign investments in the government securities market recorded a net outflow of $ 24 million in April 2024, resulting in a cumulative net outflow of $113 million during January-April 2024.
