Workers’ remittances fall in November 2022

Workers’ remittances recorded an inflow of US$2.1 billion during Nov 22. 

During Nov 2022, remittances decreased by 4.8 percent on m/m and by 14.3 percent on y/y basis.

With cumulative inflow of US$ 12 billion during Jul-Nov FY23, the remittances decreased by 9.6 percent as compared to the same period last year.

Remittances inflows during Nov 2022 were mainly sourced from Saudi Arabia ($498 million), United Arab Emirates ($377.8 million), United Kingdom ($299.1 million) and United States of America ($229.4 million).

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