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Remittances by expatriates in Saudi Arabia rose by 23% year-on-year (YoY) to around SAR 13.4 billion in October—the highest in two and a half years, according to recent data released by the Saudi Central Bank (SAMA)
Compared to September 2024, remittances rose by 10% or about SAR 1.2 billion.
|
Expat Remittances (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
10.52 |
10.41 |
(1%) |
|
February |
9.77 |
9.33 |
(4%) |
|
March |
11.52 |
11.95 |
+4% |
|
April |
9.92 |
11.35 |
+14% |
|
May |
11.27 |
12.60 |
+12% |
|
June |
10.84 |
12.07 |
+11% |
|
July |
10.63 |
12.91 |
+21% |
|
August |
10.77 |
11.86 |
+10% |
|
September |
9.91 |
12.23 |
+23% |
|
October |
10.90 |
13.43 |
+23% |
|
November |
10.14 |
-- |
-- |
|
December |
10.64 |
-- |
-- |
Remittances by Saudi nationals to other countries increased 14% YoY to SAR 6.32 billion in October.
|
Remittances by Saudi Nationals (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
5.23 |
5.48 |
+5% |
|
February |
4.48 |
4.68 |
+4% |
|
March |
5.64 |
5.12 |
(9%) |
|
April |
3.92 |
4.94 |
+26% |
|
May |
5.84 |
6.18 |
+6% |
|
June |
5.15 |
5.12 |
(1%) |
|
July |
5.80 |
5.81 |
+0.2% |
|
August |
4.91 |
5.83 |
+19% |
|
September |
4.66 |
5.29 |
+14% |
|
October |
5.54 |
6.32 |
+14% |
|
November |
5.03 |
-- |
-- |
|
December |
5.75 |
-- |
-- |
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