$100 currency
Remittances from expatriates in Saudi Arabia saw a 17% year-on-year (YoY) decline to SAR 11.24 billion in October, according to recent data released by the Saudi Central Bank (SAMA).
On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia dropped 0.8%, or SAR 94 million.
|
Remittances by Expatriates (SAR bln) |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
12.06 |
12.52 |
+4% |
|
February |
11.30 |
11.20 |
(1%) |
|
March |
14.05 |
14.70 |
+5% |
|
April |
13.28 |
13.65 |
+3% |
|
May |
12.53 |
11.28 |
(10%) |
|
June |
13.49 |
13.21 |
(2%) |
|
July |
12.52 |
11.60 |
(7%) |
|
August |
13.74 |
11.92 |
(13%) |
|
September |
13.35 |
11.33 |
(15%) |
|
October |
13.48 |
11.24 |
(17%) |
|
November |
12.97 |
-- |
-- |
|
December |
11.10 |
-- |
-- |
Meanwhile, remittances by Saudi nationals to other countries rose 8% YoY to SAR 5.94 billion in October, the lowest in more than a year.
|
Remittances by Saudi Nationals (SAR bln) |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
4.27 |
6.21 |
+45% |
|
February |
4.08 |
5.45 |
+34% |
|
March |
6.52 |
6.62 |
+2% |
|
April |
4.94 |
6.46 |
+31% |
|
May |
5.13 |
6.20 |
+21% |
|
June |
6.42 |
6.75 |
+5% |
|
July |
4.14 |
6.15 |
+49% |
|
August |
5.74 |
6.33 |
+10% |
|
September |
5.79 |
5.22 |
(10%) |
|
October |
5.51 |
5.94 |
+8% |
|
November |
7.18 |
-- |
-- |
|
December |
5.75 |
-- |
-- |
Details and Historical Data of Monetary and Economic Statistics
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