$100 currency
Remittances from expatriates in Saudi Arabia fell 7%, or SAR 10.6 billion, to SAR 143.2 billion in 2022, compared to SAR 153.9 billion in 2021, according to recent data released by the Saudi Central Bank (SAMA).
Last year's remittances from expatriates are the lowest since 2019, when they reached SAR 125.5 billion.
|
Remittances by Expatriates Since 2010 |
||
|
Year |
Value (SAR bln) |
Change |
|
2010 |
98.81 |
+17% |
|
2011 |
110.40 |
+12% |
|
2012 |
125.25 |
+13% |
|
2013 |
147.96 |
+18% |
|
2014 |
153.29 |
+4% |
|
2015 |
156.86 |
+2% |
|
2016 |
151.90 |
(3%) |
|
2017 |
141.66 |
(7%) |
|
2018 |
136.43 |
(4%) |
|
2019 |
125.53 |
(8%) |
|
2020 |
149.69 |
+19% |
|
2021 |
153.87 |
+3% |
|
2022 |
143.24 |
(7%) |
Remittances by expatriates fell in most months last year, led by November (19%) and October (17%).
|
Personal Remittances (Non-Saudis) (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 |
10.52 |
(19%) |
|
December |
11.10 |
10.06 |
(9%) |
Remittances by Saudi nationals rose 11% year-on-year (YoY) to about SAR 72.5 billion in 2022 – the highest level since 2015.
|
Remittances by Saudi Nationals Since 2010 |
||
|
Year |
Value (SAR bln) |
Change |
|
2010 |
52.73 |
(17%) |
|
2011 |
61.69 |
+17% |
|
2012 |
69.24 |
+12% |
|
2013 |
78.61 |
+14% |
|
2014 |
88.57 |
+13% |
|
2015 |
89.18 |
+1% |
|
2016 |
59.58 |
(33%) |
|
2017 |
65.27 |
+10% |
|
2018 |
60.27 |
(8%) |
|
2019 |
58.09 |
(4%) |
|
2020 |
48.57 |
(16%) |
|
2021 |
65.47 |
+35% |
|
2022 |
72.47 |
+11% |
Remittances by Saudi nationals rose in most months of 2022, with July being the highest (49%), followed by January (45%).
|
Personal Remittances (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 |
6.33 |
(12%) |
|
December |
5.75 |
4.82 |
(16%) |
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