AI Summary
$100 currency notes
Remittances from expatriates in Saudi Arabia rose by 10% year-on-year (YoY) to SAR 76.7 billion in H1 2021, according to recent data released by the Saudi Central Bank (SAMA).
|
Remittances by Expatriates in H1 2021 (SAR bln) |
||
|
Variation |
Remittances |
Year |
|
+ 17% |
98.81 |
2010 |
|
+ 12% |
110.40 |
2011 |
|
+ 13% |
125.25 |
2012 |
|
+ 18% |
147.96 |
2013 |
|
+ 4% |
153.29 |
2014 |
|
+ 2% |
156.86 |
2015 |
|
(3%) |
151.90 |
2016 |
|
(7%) |
141.66 |
2017 |
|
(4%) |
136.43 |
2018 |
|
(8%) |
125.53 |
2019 |
|
+ 19% |
149.69 |
2020 |
|
+ 10% |
76.71 |
H1 2021 |
Remittances from expatriates in Saudi Arabia declined 3% YoY to SAR 13.49 billion in June.
On a monthly basis, expat remittances increased 8%, or SAR 960 million.
|
Remittances by Expatriates in June (SAR bln) |
|||
|
Variation |
2021 |
2020 |
Month |
|
+12% |
12.06 |
10.79 |
January |
|
+4% |
11.30 |
10.84 |
February |
|
+15% |
14.05 |
12.22 |
March |
|
+%36 |
13.28 |
9.79 |
April |
|
+6% |
12.53 |
11.83 |
May |
|
(%3) |
13.49 |
13.96 |
June |
|
-- |
-- |
15.21 |
July |
|
-- |
-- |
12.38 |
August |
|
-- |
-- |
13.21 |
September |
|
-- |
-- |
13.16 |
October |
|
-- |
-- |
12.86 |
November |
|
-- |
-- |
13.42 |
December |
In addition, remittances sent by Saudi nationals to other countries grew 34% YoY to SAR 31.4 billion in H1 2021.
|
Remittances by Saudi Nationals in H1 2021 (SAR bln) |
||
|
Variation |
Remittances |
Year |
|
(17%) |
63.49 |
2010 |
|
+ 17% |
52.73 |
2011 |
|
+ 12% |
61.69 |
2012 |
|
+ 14% |
69.24 |
2013 |
|
+ 13% |
78.61 |
2014 |
|
+ 1% |
88.57 |
2015 |
|
(33%) |
89.18 |
2016 |
|
+ 10% |
59.58 |
2017 |
|
(8%) |
65.27 |
2018 |
|
(4%) |
60.27 |
2019 |
|
(16%) |
58.09 |
2020 |
|
+ 34% |
31.36 |
H1 2021 |
|
Remittances by Saudi Nationals in June (SAR bln) |
|||
|
Variation |
2020 |
2019 |
Month |
|
+9% |
4.27 |
3.90 |
January |
|
(%4) |
4.08 |
4.25 |
February |
|
+26% |
6.52 |
5.16 |
March |
|
+67% |
4.94 |
2.95 |
April |
|
+72% |
5.13 |
2.98 |
May |
|
+56% |
6.42 |
4.11 |
June |
|
-- |
-- |
3.83 |
July |
|
-- |
-- |
3.49 |
August |
|
-- |
-- |
4.02 |
September |
|
-- |
-- |
4.24 |
October |
|
-- |
-- |
4.85 |
November |
|
-- |
-- |
4.79 |
December |
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