Remittance outflows by expatriates in Saudi Arabia fell 2 percent year-on-year (YoY) to SAR 12.75 billion in May, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Compared to April, expat remittances rose by SAR 1.03 billion.
|
Expat Remittances (SAR bln) |
|||
|
Variation |
2018 |
2017 |
Month |
|
(18%) |
10.39 |
12.62 |
January |
|
+19% |
12.80 |
10.77 |
February |
|
+0.4% |
12.80 |
12.75 |
March |
|
+3% |
11.72 |
11.41 |
April |
|
(2%) |
12.75 |
13.04 |
May |
|
-- |
-- |
10.43 |
June |
|
-- |
-- |
11.29 |
July |
|
-- |
-- |
12.55 |
August |
|
-- |
-- |
8.55 |
September |
|
-- |
-- |
12.20 |
October |
|
-- |
-- |
12.02 |
November |
|
-- |
-- |
14.04 |
December |
|
-- |
-- |
141.66 |
Total |
Remittances sent by Saudi nationals to other countries declined 17 percent YoY to SAR 5.93 billion in May.
On a month-on-month basis, these remittances grew almost SAR 1 billion in the same period.
|
Saudi Remittances (SAR bln) |
|||
|
Variation |
2018 |
2017 |
Month |
|
+25% |
6.18 |
4.96 |
January |
|
+52% |
6.26 |
4.13 |
February |
|
+41% |
6.27 |
4.46 |
March |
|
+27% |
4.94 |
3.89 |
April |
|
(17%) |
5.93 |
7.12 |
May |
|
-- |
-- |
3.03 |
June |
|
-- |
-- |
6.70 |
July |
|
-- |
-- |
6.77 |
August |
|
-- |
-- |
3.81 |
September |
|
-- |
-- |
6.42 |
October |
|
-- |
-- |
7.95 |
November |
|
-- |
-- |
6.05 |
December |
|
-- |
-- |
65.27 |
Total |
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