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Remittances by expatriates in Saudi Arabia rose in March by 4% year-on-year (YoY) to SAR 11.96 billion, according to recent data released by the Saudi Central Bank (SAMA)
Expat remittances in March hit the highest level in nearly two years, or since June 2022.
|
Remittances by Expatriates (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
10.52 |
10.41 |
(1%) |
|
February |
9.77 |
9.33 |
(5%) |
|
March |
11.52 |
11.96 |
+4% |
|
April |
9.92 |
-- |
-- |
|
May |
11.27 |
-- |
-- |
|
June |
10.84 |
-- |
-- |
|
July |
10.63 |
-- |
-- |
|
August |
10.77 |
-- |
-- |
|
September |
9.91 |
-- |
-- |
|
October |
10.90 |
-- |
-- |
|
November |
10.14 |
-- |
-- |
|
December |
10.65 |
-- |
-- |
Remittances by Saudi nationals to other countries dropped 9% YoY to SAR 5.12 billion in March.
|
Remittances by Saudi Nationals (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
5.23 |
5.48 |
+5% |
|
February |
4.48 |
4.68 |
+4% |
|
March |
5.64 |
5.12 |
(9%) |
|
April |
3.92 |
-- |
-- |
|
May |
5.84 |
-- |
-- |
|
June |
5.15 |
-- |
-- |
|
July |
5.80 |
-- |
-- |
|
August |
4.91 |
-- |
-- |
|
September |
4.66 |
-- |
-- |
|
October |
5.54 |
-- |
-- |
|
November |
5.03 |
-- |
-- |
|
December |
5.75 |
-- |
-- |
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