AI Summary
$100 banknote
Remittances by expatriates in Saudi Arabia rose by 30% year-on-year (YoY) to around SAR 15.5 billion in March 2025, according to data released by the Saudi Central Bank (SAMA).
Compared to February 2025, remittances grew 21%, or about SAR 2.7 billion.
Accordingly, March remittances marked the highest monthly level since June 2016, when remittances amounted to SAR 15.8 billion—the highest value on record, data compiled with SAMA showed.
|
Expat Remittances (SAR bln) |
|||
|
Month |
2024 |
2025 |
Change |
|
January |
10.41 |
13.74 |
+32% |
|
February |
9.33 |
12.78 |
+37% |
|
March |
11.96 |
15.49 |
+30% |
|
April |
11.35 |
-- |
-- |
|
May |
12.60 |
-- |
-- |
|
June |
12.07 |
-- |
-- |
|
July |
12.91 |
-- |
-- |
|
August |
11.86 |
-- |
-- |
|
September |
12.23 |
-- |
-- |
|
October |
13.43 |
-- |
-- |
|
November |
12.03 |
-- |
-- |
|
December |
14.02 |
-- |
-- |
Remittances by Saudi nationals to other countries increased 27% YoY to SAR 6.48 billion in March, the highest since 2022.
|
Remittances by Saudi Nationals (SAR bln) |
|||
|
Month |
2024 |
2025 |
Change |
|
January |
5.48 |
6.10 |
+11% |
|
February |
4.68 |
6.24 |
+33% |
|
March |
5.12 |
6.48 |
+27% |
|
April |
4.94 |
-- |
-- |
|
May |
6.18 |
-- |
-- |
|
June |
5.12 |
-- |
-- |
|
July |
5.81 |
-- |
-- |
|
August |
5.83 |
-- |
-- |
|
September |
5.29 |
-- |
-- |
|
October |
6.32 |
-- |
-- |
|
November |
6.17 |
-- |
-- |
|
December |
7.66 |
-- |
-- |
Be the first to comment
Comments Analysis: