Expat remittances from Saudi Arabia rise 6% to SAR 12.5 bln in May

01/07/2021 Argaam Special

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Remittances from expatriates in Saudi Arabia rose by 6% year-on-year (YoY) to SAR 12.53 billion in May, according to recent data released by the Saudi Central Bank (SAMA).

 

Compared to April, remittances from expatriates in Saudi Arabia declined around 6%, or SAR 748 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

+6%

12.53

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 72% YoY to SAR 5.13 billion in May.

 

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

+72%

5.13

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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