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Remittances from expatriates in Saudi Arabia rose by 6% year-on-year (YoY) to SAR 116.3 billion in the first nine months of 2021, according to recent data released by the Saudi Central Bank (SAMA).
In September, remittances increased by 1% YoY to SAR 13.35 billion.
Compared to August, remittances from expatriates in Saudi Arabia declined around 3%, or SAR 388 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 |
|
(3%) |
13.49 |
13.96 |
June |
|
(18%) |
12.52 |
15.21 |
July |
|
+11% |
13.74 |
12.38 |
August |
|
+1% |
13.35 |
13.21 |
September |
|
-- |
-- |
13.16 |
October |
|
-- |
-- |
12.86 |
November |
|
-- |
-- |
13.42 |
December |
Meanwhile, remittances sent by Saudi nationals to other countries rose 36% YoY to SAR 47 billion in 9M 2021.
In September, remittances sent by Saudi nationals to other countries leapt by 44% YoY to SAR 5.79 billion.
|
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 |
|
+56% |
6.42 |
4.11 |
June |
|
+8% |
4.14 |
3.83 |
July |
|
+64% |
5.74 |
3.49 |
August |
|
+44% |
5.79 |
4.02 |
September |
|
-- |
-- |
4.24 |
October |
|
-- |
-- |
4.85 |
November |
|
-- |
-- |
4.79 |
December |
Details and historical data of monetary and economic statistics
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