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Sri Lanka's textile wages rise, China maintains highest pay

30 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Sri Lanka's textile wages slightly increased to $**** monthly but remain the lowest among top textile exporters.
  • China leads with $**** monthly wages, despite a *.* per cent decline.
  • India, Pakistan, and Bangladesh saw wage decreases in USD, attributed to local currency devaluations.
  • Pakistan's currency notably declined against the USD, impacting wages.

*.*pt"> Among the top five textile exporting countries, Sri Lanka maintains lower wages despite a slight increase this year. The average wages in the country rose by *.* per cent to $**.* per month. China holds the highest wages at $***.* per month, despite a decline of *.* per cent over the last year. In dollar terms, wages have shown a downward trend in India, Pakistan, and Bangladesh. 

*.*pt"> Sri Lankan wages were recorded at $**.* per month this year. In the local currency Sri Lankan Rupee (LKR), wages increased by **.* per cent to LKR **,*** per month, up from LKR **,*** per month last year, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion’s market insight tool TexPro. 

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