$100 notes
Remittances from expatriates in Saudi Arabia grew by 1% year-on-year (YoY) to SAR 12.97 billion in November 2021, according to recent data released by the Saudi Central Bank (SAMA).
Compared to October, remittances from expatriates in Saudi Arabia fell around 4%, or SAR 510 million.
|
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 |
|
+1% |
13.35 |
13.21 |
September |
|
+2% |
13.48 |
13.16 |
October |
|
+1% |
12.97 |
12.86 |
November |
|
-- |
-- |
13.42 |
December |
Meanwhile, remittances sent by Saudi nationals to other countries surged 48% YoY to SAR 7.18 billion in November, reaching its highest level in four years, or since November 2017 level of SAR 7.95 billion.
|
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 |
|
+64% |
5.74 |
3.49 |
August |
|
+44% |
5.79 |
4.02 |
September |
|
+30% |
5.51 |
4.24 |
October |
|
+48% |
7.18 |
4.85 |
November |
|
-- |
-- |
4.79 |
December |
Details and Historical Data of Monetary and Economic Statistics
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