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Gulf Foreign Transfers in 2025
Foreign remittances by residents in Gulf countries increased for two consecutive years, rising by 13.6% in 2025 to reach a record high of $161 billion. Saudi Arabia and the UAE were the leading source countries for these remittances, contributing $58 billion and $62.1 billion respectively, with Saudi Arabia experiencing a rapid growth of 27%, accounting for two-thirds of the overall increase. The remittances mainly focused on activities related to infrastructure projects and economic diversification away from oil. Gulf countries outperformed the United States, which recorded remittances amounting to $107 billion. These figures highlight the pivotal role of the Gulf region as a primary source of global remittances, supporting recipient economies and enhancing their economic and social stability.
Notice: This Is an AI-Generated Summary
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