Remittances from expats in Qatar hit $12bn in 2016

Mubasher: Remittances from expatriate workers in Qatar amounted to $12 billion in 2016, said the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) in report.

Foreign workers' remittances in the world’s biggest exporter of liquefied natural gas made up 7.9% of the gross domestic product (GDP) which amounted to $152.5 billion, according to the annual report.

Remittances of expatriates in Saudi Arabia topped the GCC with $38.9 billion, followed by the UAE, Kuwait and Qatar with $32.7 billion, $15.3 billion and $12 billion, respectively, in the same period, the report said.

Foreign workers' remittances accounted for 8.2% or $111.5 billion of the gross domestic product (GDP) of the Gulf states, which valued at $1,368 billion in 2016.

Mubasher Contribution Time: 02-Jan-2018 11:32 (GMT)
Mubasher Last Update Time: 02-Jan-2018 11:32 (GMT)