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Remittances by expatriates in Saudi Arabia dropped in February by 4% year-on-year (YoY) to SAR 9.3 billion, the lowest since June 2019, according to recent data released by the Saudi Central Bank (SAMA)
On a month-on-month (MoM) basis, expat remittances in the Kingdom declined 10%, or nearly SAR 1.1 billion.
|
Remittances by Expatriates (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
10.52 |
10.41 |
(1%) |
|
February |
9.77 |
9.33 |
(4%) |
|
March |
9.59 |
-- |
-- |
|
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 grew 4% YoY to SAR 4.7 billion in February.
|
Remittances by Saudi Nationals (SAR bln) |
|||
|
Month |
2023 |
2024 |
Change |
|
January |
5.23 |
5.48 |
+5% |
|
February |
4.48 |
4.68 |
+4% |
|
March |
5.24 |
-- |
-- |
|
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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