Saudi Arabia Macroeconomic Developments
- Foreign remittances from Saudi Arabia recorded an increase of 14 percent YoY during 2024, reaching SAR144 billion ($38.4 billion), which marks the highest level since 2022, according to the Saudi Central Bank (SAMA). The volume of remittances amounted to SAR126.8 billion ($33.8 billion) in 2023, compared to SAR143 billion ($38 billion).
