$100 banknote
Remittances by expatriates in Saudi Arabia rose by 14% in 2024, or around SAR 17.4 billion to SAR 144.2 billion from SAR 126.8 billion in 2023—the highest level since 2021, according to recent data from the Saudi Central Bank (SAMA). 
Expat Remittances since 2010 (SAR bln)
Year
Value
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%)
2023
126.83
(11%)
2024
144.20
+14%
Foreign remittances grew throughout last year, except in January and February.
December saw the highest increase, reaching SAR 14 billion—up 32% year-on-year (YoY) and the highest since March 2022.
Expat Remittances (SAR bln)
Month
2023
2024
Change
January
10.52
10.41
(1%)
February
9.77
9.33
(4%)
March
11.52
11.95
+4%
April
9.92
11.35
+14%
May
11.27
12.60
+12%
June
10.84
12.07
+11%
July
10.63
12.91
+21%
August
10.77
11.86
+10%
September
9.91
12.23
+23%
October
10.90
13.43
+23%
November
10.14
12.03
+19%
December
10.65
14.02
+32%
Remittances by Saudi nationals to other countries increased 11% YoY to SAR 68.6 billion in 2024.
Remittances by Saudi Nationals since 2010 (SAR bln)
Year
Value
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%
2023
61.95
(15%)
2024
68.60
+11%
Saudi remittances increased in all months of 2024, except for March and June.
Remittances by Saudi Nationals (SAR bln)
Month
2023
2024
Change
January
5.23
5.48
+5%
February
4.48
4.68
+4%
March
5.64
5.12
(9%)
April
3.92
4.94
+26%
May
5.84
6.18
+6%
June
5.15
5.12
(1%)
July
5.80
5.81
+0.2%
August
4.91
5.83
+19%
September
4.66
5.29
+14%
October
5.54
6.32
+14%
November
5.03
6.17
+23%
December
5.75
7.66
+33%
$100 banknote
Remittances by expatriates in Saudi Arabia rose by 14% in 2024, or around SAR 17.4 billion to SAR 144.2 billion from SAR 126.8 billion in 2023—the highest level since 2021, according to recent data from the Saudi Central Bank (SAMA).
Expat Remittances since 2010 (SAR bln)
Year
Value
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%)
2023
126.83
(11%)
2024
144.20
+14%
Foreign remittances grew throughout last year, except in January and February.
December saw the highest increase, reaching SAR 14 billion—up 32% year-on-year (YoY) and the highest since March 2022.
Expat Remittances (SAR bln)
Month
2023
2024
Change
January
10.52
10.41
(1%)
February
9.77
9.33
(4%)
March
11.52
11.95
+4%
April
9.92
11.35
+14%
May
11.27
12.60
+12%
June
10.84
12.07
+11%
July
10.63
12.91
+21%
August
10.77
11.86
+10%
September
9.91
12.23
+23%
October
10.90
13.43
+23%
November
10.14
12.03
+19%
December
10.65
14.02
+32%
Remittances by Saudi nationals to other countries increased 11% YoY to SAR 68.6 billion in 2024.
Remittances by Saudi Nationals since 2010 (SAR bln)
Year
Value
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%
2023
61.95
(15%)
2024
68.60
+11%
Saudi remittances increased in all months of 2024, except for March and June.
Remittances by Saudi Nationals (SAR bln)
Month
2023
2024
Change
January
5.23
5.48
+5%
February
4.48
4.68
+4%
March
5.64
5.12
(9%)
April
3.92
4.94
+26%
May
5.84
6.18
+6%
June
5.15
5.12
(1%)
July
5.80
5.81
+0.2%
August
4.91
5.83
+19%
September
4.66
5.29
+14%
October
5.54
6.32
+14%
November
5.03
6.17
+23%
December
5.75
7.66
+33%
