Remittances in Saudi Arabia increased to 34801 SAR Million in the first quarter of 2021 from 34735 SAR Million in the fourth quarter of 2020. source: Saudi Arabian Monetary Agency

Remittances in Saudi Arabia averaged 27487.92 SAR Million from 2006 until 2021, reaching an all time high of 38101 SAR Million in the second quarter of 2016 and a record low of 12479 SAR Million in the first quarter of 2007. This page provides - Saudi Arabia Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Remittances - values, historical data and charts - was last updated on October of 2021.

Remittances in Saudi Arabia is expected to be 36800.00 SAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Saudi Arabia to stand at 36800.00 in 12 months time. In the long-term, the Saudi Arabia Remittances is projected to trend around 36800.00 SAR Million in 2022, according to our econometric models.

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Saudi Arabia Remittances

Saudi Arabia Last Unit Reference Previous Highest Lowest
Balance of Trade 110649.93 Million SAR Jun/21 87372.00 454159.00 3898.00
Current Account 12017.00 USD Million Jun/21 1477.00 90060.70 -27509.30
Exports 237491.00 Million SAR Jun/21 211433.00 677144.00 9118.00
Imports 126841.00 Million SAR Jun/21 124116.00 222985.00 2578.00
Capital Flows 10797.49 USD Million Jun/21 10091.92 102296.29 -49295.00
Foreign Direct Investment 13829.00 USD Million Jun/21 1811.00 13829.00 264.00
Remittances 34801.00 SAR Million Mar/21 34735.00 38101.00 12479.00
Oil Exports 152506.00 Million SAR Mar/21 121530.00 338945.00 76493.00
Non Oil Exports 58922.00 Million SAR Mar/21 56547.00 60357.00 19786.00

Saudi Arabia Remittances
In Saudi Arabia, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).