Gulf foreign remittances hit record in 2025
Foreigners' remittances of residents in the Gulf countries experienced a record increase in 2025, reaching 161 billion dollars. This reflects a rise of 19 billion dollars compared to the previous year, with one-third of the increase coming from Saudi Arabia, which recorded the highest growth rate of 27%. These increases occur amid Gulf countries' efforts to diversify their economies away from oil, with a greater focus on labor-intensive infrastructure projects. The United Arab Emirates and Saudi Arabia remained the largest sources of remittances, with amounts of 62.1 billion dollars and 58 billion dollars respectively. The Gulf countries have surpassed the United States as the world's leading source of remittances. These remittances are considered vital economic factors that influence household income and financial stability in recipient countries, reflecting the pivotal role of the Gulf states in the global remittance market.
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