Remittances of Egyptian nationals in Arab states significantly rise during FY 20/21

CAIRO - 23 May 2023: The value of remittances of Egyptians working in the Arab countries increased significantly during the fiscal year 2020/2021, hitting $21.9 billion, compared to $19.8 billion during the fiscal year 2019/2020, recording an increase of $2.1 billion (which is 10.9 percent).

 

The data issued by the Central Agency for Public Mobilization and Statistics (CAPMAS) added that the value of remittances of Arabs working in Egypt, on the other hand, declined to reach $114.9 million during the fiscal year 2020/2021, compared to $117.8 million during the fiscal year 2019/2020, a decrease of 2.5 percent.

 

Saudi Arabia ranked first in the list of the top ten Arab countries in the value of remittances from Egyptians working in it during the fiscal year 2020/2021. 

 

The value of remittances from the Egyptian nationals in KSA amounted to $11.2 billion, followed by Kuwait at $4.4 billion, then the UAE at $3.4 billion, then Qatar at $1.5 billion, then Jordan 774.2 million dollars, then Oman 162 million dollars, then Bahrain 104.1 million dollars, then Yemen 79.9 million dollars, then Iraq 43.7 million dollars, and finally Lebanon 39.5 million dollars.

 

The number of Egyptians residing in the Arab countries, according to the mission's estimates, reached 7.1 million Egyptians by the end of 2021.