Expat remittances from Saudi Arabia rises to SAR 12.5 bln in January

06/03/2022 Argaam Special
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Remittances from expatriates in Saudi Arabia increased by 4% year-on-year (YoY) to SAR 12.52 billion in January 2022, according to recent data released by the Saudi Central Bank (SAMA).

 

Compared to December 2021, remittances from expatriates in Saudi Arabia rose 13%, or SAR 1.42 billion.

 

Remittances by Expatriates (SAR bln)

Month

2021

2022

Change

January

12.06

12.52

+4%

February

11.30

--

--

March

14.05

--

--

April

13.28

--

--

May

12.53

--

--

June

13.49

--

--

July

12.52

--

--

August

13.74

--

--

September

13.35

--

--

October

13.47

--

--

November

12.97

--

--

December

11.10

--

--

 

 

Meanwhile, remittances sent by Saudi nationals to other countries rose 45% YoY to SAR 6.21 billion in January.

 

Remittances by Saudi Nationals (SAR bln)

Month

2021

2022

Change

January

4.27

6.21

+45%

February

4.08

--

--

March

6.52

--

--

April

4.94

--

--

May

5.13

--

--

June

6.42

--

--

July

4.14

--

--

August

5.74

--

--

September

5.79

--

--

October

5.51

--

--

November

7.18

--

--

December

5.75

--

--

 

 

Details and Historical Data of Monetary and Economic Statistics

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