Remittance outflows by expatriates in Saudi Arabia fell 22 percent year-on-year (YoY) to SAR 9.99 billion in May 2019, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Compared to April, expat remittances dropped 7 percent, or SAR 730 million.
|
Remittances by expatriates (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
+6% |
11.02 |
10.39 |
January |
|
(25%) |
9.65 |
12.80 |
February |
|
(12%) |
11.26 |
12.80 |
March |
|
(9%) |
10.72 |
11.72 |
April |
|
(22%) |
9.99 |
12.75 |
May |
|
-- |
-- |
10.60 |
June |
|
-- |
-- |
12.18 |
July |
|
-- |
-- |
10.43 |
August |
|
-- |
-- |
9.84 |
September |
|
-- |
-- |
11.72 |
October |
|
-- |
-- |
9.90 |
November |
|
-- |
11.31 |
December |
|
|
-- |
-- |
136.43 |
Total |
Remittances sent by Saudi nationals to other countries increased 5 percent YoY to SAR 6.21 billion in May 2019.
|
Remittances by Saudi nationals (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
(21%) |
4.91 |
6.18 |
January |
|
(33%) |
4.18 |
6.26 |
February |
|
(32%) |
4.27 |
6.27 |
March |
|
+2% |
5.06 |
4.94 |
April |
|
+5% |
6.21 |
5.93 |
May |
|
-- |
-- |
3.44 |
June |
|
-- |
-- |
4.52 |
July |
|
-- |
-- |
3.69 |
August |
|
-- |
-- |
4.78 |
September |
|
-- |
-- |
4.94 |
October |
|
-- |
-- |
4.81 |
November |
|
-- |
-- |
4.53 |
December |
|
-- |
-- |
60.27 |
Total |
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