Remittance outflows by expatriates in Saudi Arabia fell 5 percent year-on-year (YoY) to SAR 12.2 billion in October, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Compared to the previous month, remittance outflows rose SAR 3.7 billion in October.
|
Expat Remittances (SAR bln) |
|||
|
Variation |
2017 |
2016 |
Month |
|
5% |
12.62 |
12.03 |
January |
|
(15%) |
10.77 |
12.63 |
February |
|
(2%) |
12.75 |
12.96 |
March |
|
(4%) |
11.41 |
11.88 |
April |
|
(8%) |
13.04 |
14.11 |
May |
|
(34%) |
10.43 |
15.84 |
June |
|
+10% |
11.29 |
10.30 |
July |
|
(2%) |
12.55 |
12.84 |
August |
|
(21%) |
8.55 |
10.85 |
September |
|
(5%) |
12.20 |
12.82 |
October |
|
-- |
-- |
12.11 |
November |
|
-- |
-- |
13.53 |
December |
|
-- |
-- |
151.90 |
Total |
Remittances sent by Saudi nationals to other countries rose 20 percent to SAR 6.42 billion in October.
|
Saudi Remittances (SAR bln) |
|||
|
Variation |
2017 |
2016 |
Month |
|
(8%) |
4.96 |
5.42 |
January |
|
(30%) |
4.13 |
5.90 |
February |
|
(19%) |
4.46 |
5.54 |
March |
|
(22%) |
3.89 |
4.96 |
April |
|
23% |
7.12 |
5.81 |
May |
|
(45%) |
3.03 |
5.54 |
June |
|
+95% |
6.70 |
3.43 |
July |
|
+39% |
6.77 |
4.87 |
August |
|
(8%) |
3.81 |
4.14 |
September |
|
+20% |
6.42 |
5.36 |
October |
|
-- |
-- |
4.23 |
November |
|
-- |
-- |
4.37 |
December |
|
-- |
-- |
59.58 |
Total |
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