Remittance outflows by expatriates in Saudi Arabia declined by 4 percent year-on-year (YoY) to SAR 11.72 billion in October, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
However, as compared to September 2018, expat remittances increased by 19 percent, or around SAR 1.89 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 |
|
+2% |
10.60 |
10.43 |
June |
|
+8% |
12.18 |
11.29 |
July |
|
(17%) |
10.43 |
12.55 |
August |
|
+15% |
9.84 |
8.55 |
September |
|
(4%) |
11.72 |
12.20 |
October |
|
-- |
-- |
12.02 |
November |
|
-- |
-- |
14.04 |
December |
|
-- |
-- |
141.66 |
Total |
Remittances sent by Saudi nationals to other countries fell 23 percent YoY to SAR 4.94 billion in October.
|
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 |
|
+14% |
3.44 |
3.03 |
June |
|
(33%) |
4.52 |
6.70 |
July |
|
(45%) |
3.69 |
6.77 |
August |
|
+25% |
4.78 |
3.81 |
September |
|
(23%) |
4.94 |
6.42 |
October |
|
-- |
-- |
7.95 |
November |
|
-- |
-- |
6.05 |
December |
|
-- |
-- |
65.27 |
Total |
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