Remittances from expats in Kuwait hit 4520400000 KWD

Kuwait Upto Date • January 3, 2018 • 0 Comments

Remittances from expatriates in Kuwait amounted to $15.3 billion in 2016, said the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) in report.

While remittances from foreign workers in the GCC nations reached $111.5 billion, the report added. Remittances of expatriates in Saudi Arabia topped the GCC with $38.9 billion, followed by the UAE with $32.7 billion in the same period, the report said.

Foreign workers’ remittances made up 8.2% of the gross domestic product (GDP) of the Gulf states in 2016, which stood at $1,368 billion.

Remittances from expats in Kuwait hit 4520400000 KWD was last modified: January 3rd, 2018 by Kuwait Upto Date