Remittance outflows by expatriates in Saudi Arabia declined by 18 percent year-on-year (YoY) to SAR 9.9 billion in November, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Compared to October, expat remittances decreased by 16 percent, or around SAR 1.83 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 |
|
(18%) |
9.90 |
12.02 |
November |
|
-- |
-- |
14.04 |
December |
|
-- |
-- |
141.66 |
Total |
Remittances sent by Saudi nationals to other countries fell 39 percent YoY to SAR 4.81 billion in November.
|
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 |
|
(39%) |
4.81 |
7.95 |
November |
|
-- |
-- |
6.05 |
December |
|
-- |
-- |
65.27 |
Total |
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