EconomyRemittancesSaudi News
Expat Remittances Fell 8 Percent in 2019
Expat remittance outflows in Saudi Arabia dropped, for the 4th year in a row, by 8 percent year-on-year (YoY) to SR 125.5 billion in 2019, compared to SR 136.43 billion a year earlier, according to data published by the Saudi Arabian Monetary Authority (SAMA).
Expat Remittances Since 2010 (SR/BLN)
| Period | Value | Variation |
| 2010 | 98.81 | +17% |
| 2011 | 110.40 | +12% |
| 2012 | 125.25 | +13% |
| 2013 | 147.96 | +18% |
| 2014 | 153.29 | +4% |
| 2015 | 156.86 | +2% |
| 2016 | 151.90 | -3% |
| 2017 | 141.66 | -7% |
| 2018 | 136.43 | -4% |
| 2019 | 125.53 | -8% |
Expat remittances fell for most months of 2019. The biggest decline was in February by 25% YoY reaching SR 9.7 billion.
As many as 4 months witnessed an increase in expat remittance outflows led by January which saw a 6% YoY increase to SR 11.02 billion.
Remittances sent by Saudi nationals to other countries dropped 4% YoY to SR 58.1 billion in 2019.
