Saudi Arabia: Remittances

* indicates monthly or quarterly data series
 Saudi Arabia

Remittances, million USD

 Latest value 281.98
 Year 2023
 Measure million U.S. dollars
 Data availability 2005 - 2023
 Average 250.55
 Min - Max 93.87 - 334.91
 Source The World Bank
The latest value from 2023 is 281.98 million U.S. dollars, a decline from 287.02 million U.S. dollars in 2022. In comparison, the world average is 4590.03 million U.S. dollars, based on data from 184 countries. Historically, the average for Saudi Arabia from 2005 to 2023 is 250.55 million U.S. dollars. The minimum value, 93.87 million U.S. dollars, was reached in 2005 while the maximum of 334.91 million U.S. dollars was recorded in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
Saudi Arabia - Remittances - Recent values chart

Historical series
Saudi Arabia - Remittances - historical chart - 2005-2023




Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 139.90 2021 percent
 Trade openness 62.13 2023 percent
 Financial openness 1.034 2021 index points
 Exports, percent of GDP 34.75 2023 percent
 Exports, billion dollars 370.98 2023 billion U.S. dollars
 Growth of exports -6.51 2023 percent
 Imports, percent of GDP 27.38 2023 percent
 Imports, billion dollars 292.28 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 1.15 2023 percent
 Foreign Direct Investment, billion dollars 28.06 2022 billion U.S. dollars
 Portfolio investment inflows, equities 4,223.41 2023 million dollars (current)
 Current account, percent of GDP 3.19 2023 percent
 Current account, in dollars 34.07 2023 billion U.S. dollars
 Trade balance, percent of GDP 7.37 2023 percent
 Trade balance, in dollars 79.41 2023 billion U.S. dollars
 Reserves 457.95 2023 billion U.S. dollars
 Remittances, percent of GDP 0.03 2023 percent
 Remittances 281.98 2023 million U.S. dollars
 Net errors and omissions -7,309.55 2023 million USD
 Foreign exchange reserves 1,713.65 9/2024 billion
This site uses cookies.
Learn more here


OK