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Remittances from expatriates in Saudi Arabia grew by 11% year-on-year (YoY) to SAR 13.74 billion in August, according to recent data released by the Saudi Central Bank (SAMA).
Compared to July, remittances from expatriates in Saudi Arabia rose around 10%, or SAR 1.22 billion.
|
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 |
|
-- |
-- |
13.21 |
September |
|
-- |
-- |
13.16 |
October |
|
-- |
-- |
12.86 |
November |
|
-- |
-- |
13.42 |
December |
Meanwhile, remittances sent by Saudi nationals to other countries surged 65% YoY to SAR 5.74 billion in August.
|
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 |
|
+65% |
5.74 |
3.49 |
August |
|
-- |
-- |
4.02 |
September |
|
-- |
-- |
4.24 |
October |
|
-- |
-- |
4.85 |
November |
|
-- |
-- |
4.79 |
December |
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