Remittances from expatriates in Saudi Arabia rose by 19% year-on-year (YoY) to SAR 13.16 billion in October 2020, according to recent data released by the Saudi Central Bank (SAMA).

 

Compared to September 2020, remittances from expatriates in Saudi Arabia declined around 0.4%, or SAR 49 million.

 

Remittances by Expatriates (SAR bln)

Variation

2020

2019

Month

(2%)

10.79

11.02

January

+12%

10.84

9.65

February

+9%

12.22

11.26

March

(9%)

9.79

10.72

April

+18%

11.83

9.99

May

+60%

13.96

8.71

June

+33%

15.21

11.46

July

+25%

12.38

9.92

August

+29%

13.21

10.28

September

+19%

13.16

11.04

October

--

--

9.91

November

--

--

11.56

December
 
Meanwhile, remittances sent by Saudi nationals to other countries fell 18% YoY to SAR 4.24 billion in October.

 

Remittances by Saudi Nationals (SAR bln)

Variation

2020

2019

Month

(20%)

3.90

4.91

January

+2%

4.25

4.18

February

+21%

5.16

4.27

March

(42%)

2.95

5.06

April

(52%)

2.98

6.21

May

+17%

4.11

3.51

June

(29%)

3.83

5.43

July

(11%)

3.49

3.90

August

(11%)

4.02

4.53

September

(18%)

4.24

5.19

October

--

--

5.95

November

--

--

4.96

December
 

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