Foreigners residing in Saudi Arabia transferred SAR 41.3 billion during first quarter, four percent higher compared to the same period last year, according to a monthly bulletin issued by the Saudi Arabian Monetary Agency (SAMA).
|
Expat Remittances since 2004 |
||
|
Change |
Value (SAR bln) |
Year |
|
+17% |
98.81 |
2010 |
|
+12% |
110.40 |
2011 |
|
+13% |
125.25 |
2012 |
|
+18% |
147.96 |
2013 |
|
+4% |
153.29 |
2014 |
|
+4% |
41.32 |
Q1-2015 |
|
Expat Remittances in Q1-2014 and Q1-2015 (SAR bln) |
|||
|
Change |
2015 |
2014 |
Month |
|
(3%) |
12.90 |
13.28 |
Jan. |
|
+8% |
13.01 |
12.00 |
Feb. |
|
+8% |
15.40 |
14.31 |
March. |
|
+4% |
41.32 |
39.59 |
Total |
On the other hand, Saudi nationals transferred about SAR 19.24 billion in first quarter. 17 percent lower than the same period in 2014.
|
Saudi Remittances |
||
|
Change |
Value (SAR bln) |
Year |
|
(17%) |
52.73 |
2010 |
|
+17% |
61.69 |
2011 |
|
+12% |
69.24 |
2012 |
|
+14% |
78.61 |
2013 |
|
+13% |
88.57 |
2014 |
|
(17%) |
19.24 |
Q1-2015 |
|
Saudi Remittances – (SAR bln) |
|||
|
Change |
2015 |
2014 |
Month |
|
(40%) |
4.65 |
7.71 |
Jan. |
|
(14%) |
6.52 |
7.54 |
Feb. |
|
+1% |
8.07 |
8.02 |
March |
|
(17%) |
19.24 |
23.27 |
Total |
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