Saudi residents transfer SAR 116 bn in the first nine months of 2014

Foreigners residing in Saudi Arabia transferred SAR 115.7 bn in the first nine months of 2014 compared to SAR 111.6 bn for the comparative period last year; SAMA’s monthly newsletter reported.

The average transfer amount per person is SAR 14000 in the first nine months of 2014 where 8.2 m foreigners work in the Saudi private sector according to the latest data by the Ministry of Labor.

Personal transferr for non-Saudis since 2004
Y/Y Change (%)	amount (SAR billion)	Year
--	36.12	2004
+13%	40.80	2005
+8%	44.19	2006
+23%	54.37	2007
+27%	68.91	2008
+22%	84.24	2009
+17%	98.81	2010
+12%	110.40	2011
+13%	125.25	2012
+18%	147.96	2013
+22%	115.67	2014 Q3-

Personal transfers for non-Saudis in SAR billion for 2014
Change	2014	2013	Month
+18%	13.28	11.24	January
+17%	12.00	10.24	February
+22%	14.31	11.73	March
+1%	12.11	12.04	April
(%4)	12.52	12.98	May
(%4)	13.24	13.81	June
(%14)	12.70	14.74	July
(%0.4)	11.64	11.69	August
+6%	13.87	13.10	September
+4%	115.67	111.57	Total

Saudi citizens’ transfers reached SAR 62.53 bn in 2014 capturing its highest level of SAR 8.19 bn in September.

Personal transfers abroad for Saudis since 2004
Change (%)	Value (SAR billion)	Year
--	35.77	2004
+57%	56.31	2005
(%9)	51.21	2006
+8%	55.11	2007
+24%	68.57	2008
(%7)	63.49	2009
(%17)	52.73	2010
+17%	61.69	2011
+12%	69.24	2012
+14%	78.61	2013
(%20)	62.53	2014Q3-

Personal transfers for Saudis in SAR billion in 2014
Change (%)	2014	2013	Month
+20%	7.71	6.45	January
+50%	7.54	5.02	February
+19%	8.02	6.75	March
+7%	7.72	7.19	April
(%32)	5.09	7.50	May
+2%	5.86	5.73	June
(%2)	6.35	6.51	July
+7%	6.05	5.67	August
+31%	8.19	6.24	September
+10%	62.53	57.06	Total

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