Foreigners residing in Saudi Arabia transferred SAR 115.7 bn in the first nine months of 2014 compared to SAR 111.6 bn for the comparative period last year; SAMA’s monthly newsletter reported.
The average transfer amount per person is SAR 14000 in the first nine months of 2014 where 8.2 m foreigners work in the Saudi private sector according to the latest data by the Ministry of Labor.
|
Personal transferr for non-Saudis since 2004 |
||
|
Y/Y Change (%) |
amount (SAR billion) |
Year |
|
-- |
36.12 |
2004 |
|
+13% |
40.80 |
2005 |
|
+8% |
44.19 |
2006 |
|
+23% |
54.37 |
2007 |
|
+27% |
68.91 |
2008 |
|
+22% |
84.24 |
2009 |
|
+17% |
98.81 |
2010 |
|
+12% |
110.40 |
2011 |
|
+13% |
125.25 |
2012 |
|
+18% |
147.96 |
2013 |
|
+22% |
115.67 |
2014 Q3- |
|
Personal transfers for non-Saudis in SAR billion for 2014 |
|||
|
Change |
2014 |
2013 |
Month |
|
+18% |
13.28 |
11.24 |
January |
|
+17% |
12.00 |
10.24 |
February |
|
+22% |
14.31 |
11.73 |
March |
|
+1% |
12.11 |
12.04 |
April |
|
(%4) |
12.52 |
12.98 |
May |
|
(%4) |
13.24 |
13.81 |
June |
|
(%14) |
12.70 |
14.74 |
July |
|
(%0.4) |
11.64 |
11.69 |
August |
|
+6% |
13.87 |
13.10 |
September |
|
+4% |
115.67 |
111.57 |
Total |
Saudi citizens’ transfers reached SAR 62.53 bn in 2014 capturing its highest level of SAR 8.19 bn in September.
|
Personal transfers abroad for Saudis since 2004 |
||
|
Change (%) |
Value (SAR billion) |
Year |
|
-- |
35.77 |
2004 |
|
+57% |
56.31 |
2005 |
|
(%9) |
51.21 |
2006 |
|
+8% |
55.11 |
2007 |
|
+24% |
68.57 |
2008 |
|
(%7) |
63.49 |
2009 |
|
(%17) |
52.73 |
2010 |
|
+17% |
61.69 |
2011 |
|
+12% |
69.24 |
2012 |
|
+14% |
78.61 |
2013 |
|
(%20) |
62.53 |
2014Q3- |
|
Personal transfers for Saudis in SAR billion in 2014 |
|||
|
Change (%) |
2014 |
2013 |
Month |
|
+20% |
7.71 |
6.45 |
January |
|
+50% |
7.54 |
5.02 |
February |
|
+19% |
8.02 |
6.75 |
March |
|
+7% |
7.72 |
7.19 |
April |
|
(%32) |
5.09 |
7.50 |
May |
|
+2% |
5.86 |
5.73 |
June |
|
(%2) |
6.35 |
6.51 |
July |
|
+7% |
6.05 |
5.67 |
August |
|
+31% |
8.19 |
6.24 |
September |
|
+10% |
62.53 |
57.06 |
Total |
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