EXPAT REMITTANCES INCREASE AS POST-COVID NORMALITY SETS IN

  • 04/08/2022

Kuwait City: With the return to normalcy of expatriate workers following the COVID-19 pandemic's aftereffects and the recovery of the Gulf economies, the labor market in Kuwait and the GCC nations has experienced a spectacular rebound. Remittances from expatriates in the Gulf countries showed an increase in the previous year compared to 2020, according to statistics and data released by the Gulf Statistics Center, which is linked with the General Secretariat of the Gulf Cooperation Council.


In a report issued in July, the Gulf Statistics Center highlighted that the total remittances of expatriates in the Gulf countries amounted to USD 127.2 billion last year compared to USD 116.5 billion in 2020, recording a growth of 9.2 percent after a decline in remittances during the previous four years. It explained that the Kuwaiti labor market came in third place with a growth rate of 6.1 percent and total remittances worth USD 18.3 billion dollars, preceded by Saudi Arabia in second place with USD 39.8 billion, and the UAE in first place with USD 47.5 billion. Both the Omani and Bahraini labor markets recorded a decrease in the growth rate of expatriate remittances, despite the series of recovery in the rest of the GCC countries.

With a total of 28.1 percent of female workers in the labor market, Kuwait placed first in this category. According to the survey, 35 percent of all people employed in the Gulf region are from other countries. 15.3% of the labor force in the area is made up of Kuwaitis. With 44.6 percent, Saudi Arabia has the highest proportion of domestic employees on the labor force. According to the survey, Bahrain and the Sultanate of Oman had population growth over the last year, while Kuwait saw the greatest rate of population reduction in the Gulf at 2.9%.

Related News

Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025
Kuwait Announces 3-Day Holiday for Isra Wal Miraj
  • 25/01/2025