Expat remittances from Saudi Arabia fall 7% to SAR 143.2 bln in 2022

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Remittances from expatriates in Saudi Arabia fell 7%, or SAR 10.6 billion, to SAR 143.2 billion in 2022, compared to SAR 153.9 billion in 2021, according to recent data released by the Saudi Central Bank (SAMA).

Last year's remittances from expatriates are the lowest since 2019, when they reached SAR 125.5 billion.

Remittances by Expatriates Since 2010
Year	Value (SAR bln)	Change
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%)
2020	149.69	+19%
2021	153.87	+3%
2022	143.24	(7%)

Remittances by expatriates fell in most months last year, led by November (19%) and October (17%).

Personal Remittances (Non-Saudis) (SAR bln)
Month	2021	2022	Change
January	12.06	12.52	+4%
February	11.30	11.20	(1%)
March	14.05	14.70	+5%
April	13.28	13.65	+3%
May	12.53	11.28	(10%)
June	13.49	13.21	(2%)
July	12.52	11.60	(7%)
August	13.74	11.92	(13%)
September	13.35	11.33	(15%)
October	13.48	11.24	(17%)
November	12.97	10.52	(19%)
December	11.10	10.06	(9%)

Remittances by Saudi nationals rose 11% year-on-year (YoY) to about SAR 72.5 billion in 2022 – the highest level since 2015.

Remittances by Saudi Nationals Since 2010
Year	Value (SAR bln)	Change
2010	52.73	(17%)
2011	61.69	+17%
2012	69.24	+12%
2013	78.61	+14%
2014	88.57	+13%
2015	89.18	+1%
2016	59.58	(33%)
2017	65.27	+10%
2018	60.27	(8%)
2019	58.09	(4%)
2020	48.57	(16%)
2021	65.47	+35%
2022	72.47	+11%

Remittances by Saudi nationals rose in most months of 2022, with July being the highest (49%), followed by January (45%).

Personal Remittances (Saudi Nationals) (SAR bln)
Month	2021	2022	Change
January	4.27	6.21	+45%
February	4.08	5.45	+34%
March	6.52	6.62	+2%
April	4.94	6.46	+31%
May	5.13	6.20	+21%
June	6.42	6.75	+5%
July	4.14	6.15	+49%
August	5.74	6.33	+10%
September	5.79	5.22	(10%)
October	5.51	5.94	+8%
November	7.18	6.33	(12%)
December	5.75	4.82	(16%)

Details and Historical Data of Monetary and Economic Statistics

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