Remittances in Saudi Arabia increased to 30165 SAR Million in the first quarter of 2020 from 29168 SAR Million in the fourth quarter of 2019.

Remittances in Saudi Arabia averaged 27076.46 SAR Million from 2006 until 2020, 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 September of 2020. source: Saudi Arabian Monetary Agency

Remittances in Saudi Arabia is expected to be 33500.00 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 2021, according to our econometric models.

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Saudi Arabia Remittances

Actual Previous Highest Lowest Dates Unit Frequency
30165.00 29168.00 38101.00 12479.00 2006 - 2020 SAR Million Quarterly
Current Prices, NSA

Saudi Arabia Trade Last Previous Highest Lowest Unit
Balance of Trade 85162.00 121276.00 454159.00 3898.00 Million SAR [+]
Current Account -17980.00 2225.00 90060.70 -27509.30 USD Million [+]
Current Account to GDP 6.30 9.00 28.50 -21.00 percent [+]
Imports 111838.00 117252.00 222985.00 2578.00 Million SAR [+]
Exports 197000.00 238528.00 677144.00 9118.00 Million SAR [+]
Capital Flows 1070.58 8852.13 102296.29 -49295.00 USD Million [+]
Tourism Revenues 16975.00 15020.00 16975.00 3418.00 USD Million [+]
Gold Reserves 323.10 323.10 323.10 142.95 Tonnes [+]
Crude Oil Production 8984.00 8479.00 12007.00 2340.00 BBL/D/1K [+]
Foreign Direct Investment 945.00 1613.00 11746.54 264.00 USD Million [+]
Remittances 30165.00 29168.00 38101.00 12479.00 SAR Million [+]
Tourist Arrivals 17570.00 18607.00 23010.00 6585.00 Thousand [+]
Terrorism Index 5.24 5.48 5.81 2.41 [+]
Non Oil Exports 47050.00 52787.00 60357.00 19786.00 Million SAR [+]
Oil Exports 149950.00 185741.00 338945.00 97157.00 Million SAR [+]


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