Remittances in Saudi Arabia decreased to 29872 SAR Million in the third quarter of 2018 from 32128 SAR Million in the second quarter of 2018. Remittances in Saudi Arabia averaged 26864.98 SAR Million from 2006 until 2018, 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.
Remittances in Saudi Arabia is expected to be 32900.00 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 32280.00 in 12 months time. In the long-term, the Saudi Arabia Remittances is projected to trend around 36800.00 SAR Million in 2020, according to our econometric models.