How much money is sent to Sri Lanka from the US? | finder.com

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How much money is sent to Sri Lanka from the US?

In 2017, Sri Lanka received almost $221.26M in remittances from the US.

United States sent about $221.26M in remittances to Sri Lanka in 2017. In 2019, remittances made up about 7.79% of Sri Lanka’s GDP, according to data from the World Bank Group. When sending money from United States to Sri Lanka, you’ll often find the best deal by shopping around and comparing as many money transfer providers as possible.

Remittance to Sri Lanka by the numbers

Data on remittances includes transfers sent through money transfer services, banks and similar services. Examples of these types of providers can be found in our money transfer comparison table.

Top 5 countries that send money to Sri Lanka

This table uses World Bank Group data from 2017.
Country Amount sent
Saudi Arabia $2,264.65M
United Arab Emirates $652.58M
United Kingdom $525.07M
India $519.53M
Qatar $508.36M

Top 5 countries that Sri Lanka sends money to

This table uses World Bank Group data from 2017.
Country Amount received
India $1,265.16M
France $4.99M
Sweden $1.84M
China $1.64M
Australia $1.58M

Remittances to and from Sri Lanka by year

As global and domestic circumstances change, many countries find their incoming and outgoing remittances shifting year by year. Use our table and graph to get an idea of whether remittances to Sri Lanka are trending up or down, based on data from at least the last decade.

Sri Lanka’s outgoing remittances from 2009 to 2018

This table uses World Bank Group data from 2018.
Year Sri Lanka outgoing remittances (in millions)
2009 $50,723.00M
2010 $50,776.00M
2011 $50,556.00M
2012 $52,652.00M
2013 $55,669.00M
2014 $58,882.00M
2015 $61,859.00M
2016 $64,705.00M
2017 $67,390.00M
2018 $68,472.00M

Sri Lanka's incoming remittances from 2010 to 2019

This table uses World Bank Group data from 2019.
Year Sri Lanka incoming remittances (in millions)
2010 $5,930.00M
2011 $6,104.00M
2012 $6,303.00M
2013 $6,613.00M
2014 $6,503.00M
2015 $6,578.00M
2016 $6,330.00M
2017 $6,126.00M
2018 $6,668.00M
2019 $6,881.38M

Send money to Sri Lanka with top providers

Enter the amount you want to send and select Calculate to compare minimums, fees and turnaround for top digital money specialists..

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day N/A N/A N/A OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
GBP 1,000 1 - 2 days N/A N/A N/A Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
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USD 1 Same day N/A N/A N/A XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$2,000 1 day N/A N/A N/A CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Go to site Show details
$10 Within an hour N/A N/A N/A Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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$1 1 - 2 days N/A N/A N/A Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 10,000 1 - 2 days N/A N/A N/A Dunbridge Financial offers diverse transfer options to more than 120 countries. Powered by Currencycloud. Go to site Show details
$1 Within an hour N/A N/A N/A MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Go to site Show details
$1 3 - 5 days N/A N/A N/A Western Union sends money online to friends and family in 200+ countries around the world. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Bottom line

Global economies shift over time, so the country that might be the largest remittance sender to Sri Lanka this year may not be the largest next year. If you’re looking to send money to loved ones or businesses in Sri Lanka, compare your options to save both money and time.
Source: World Bank Migrations and Remittances Data, November 2017

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