AI Summary
Remittance outflows by expatriates in Saudi Arabia increased by 6 percent year-on-year (YoY) to SAR 11.02 billion in January, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
Compared to December, expat remittances decreased by 3 percent, or around SAR 286 million.
|
Expat Remittances (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
+6% |
11.02 |
10.39 |
January |
|
-- |
-- |
12.80 |
February |
|
-- |
-- |
12.80 |
March |
|
-- |
-- |
11.72 |
April |
|
-- |
-- |
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 fell 21 percent YoY to SAR 4.91 billion in January.
|
Saudi Remittances (SAR bln) |
|||
|
Variation |
2019 |
2018 |
Month |
|
(21%) |
4.91 |
6.18 |
January |
|
-- |
-- |
6.26 |
February |
|
-- |
-- |
6.27 |
March |
|
-- |
-- |
4.94 |
April |
|
-- |
-- |
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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