Remittance outflows by expatriates in Saudi Arabia dropped 5 percent year-on-year (YoY) to SAR 9.92 billion in August 2019, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
When compared to the previous month, expat remittance outflows retreated by 13 percent, or SAR 1.54 billion in August.
|
Remittances by expatriates (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
+6% |
11.02 |
10.39 |
January |
|
(25%) |
9.65 |
12.80 |
February |
|
(12%) |
11.26 |
12.80 |
March |
|
(9%) |
10.72 |
11.72 |
April |
|
(22%) |
9.99 |
12.75 |
May |
|
(18%) |
8.71 |
10.60 |
June |
|
(6%) |
11.46 |
12.18 |
July |
|
(5%) |
9.92 |
10.43 |
August |
|
-- |
-- |
9.84 |
September |
|
-- |
-- |
11.72 |
October |
|
-- |
-- |
9.90 |
November |
|
|
-- |
11.31 |
December |
|
-- |
-- |
136.43 |
Total |
Remittances sent by Saudi nationals to other countries increased 6 percent YoY to SAR 3.90 billion in August 2019.
|
Remittances by Saudi nationals (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
(21%) |
4.91 |
6.18 |
January |
|
(33%) |
4.18 |
6.26 |
February |
|
(32%) |
4.27 |
6.27 |
March |
|
+2% |
5.06 |
4.94 |
April |
|
+5% |
6.21 |
5.93 |
May |
|
+2% |
3.51 |
3.44 |
June |
|
+20% |
5.43 |
4.52 |
July |
|
+6% |
3.90 |
3.69 |
August |
|
-- |
-- |
4.78 |
September |
|
-- |
-- |
4.94 |
October |
|
-- |
-- |
4.81 |
November |
|
-- |
-- |
4.53 |
December |
|
-- |
-- |
60.27 |
Total |
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