Remittances from expatriates in Saudi Arabia rose by 36%, or SAR 3.5 billion, year-on-year (YoY) to SAR 13.3 billion in April 2021, according to recent data released by the Saudi Central Bank (SAMA).

 

Compared to March 2021, remittances from expatriates in Saudi Arabia declined around 5%, or SAR 770 million.

 

Remittances by Expatriates (SAR bln)

Variation

2021

2020

Month

+12%

12.06

10.79

January

+4%

11.30

10.84

February

+15%

14.05

12.22

March

+36%

13.28

9.79

April

--

--

11.83

May

--

--

13.96

June

--

--

15.21

July

--

--

12.38

August

--

--

13.21

September

--

--

13.16

October

--

--

12.86

November

--

--

13.42

December
 

 

Meanwhile, remittances sent by Saudi nationals to other countries rose 67% YoY to SAR 4.94 billion in April.

 

Remittances by Saudi Nationals (SAR bln)

Variation

2021

2020

Month

+9%

4.27

3.90

January

(4%)

4.08

4.25

February

+26%

6.52

5.16

March

+67%

4.94

2.95

April

--

--

2.98

May

--

--

4.11

June

--

--

3.83

July

--

--

3.49

August

--

--

4.02

September

--

--

4.24

October

--

--

4.85

November

--

--

4.79

December
 
 

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