Saudi Arabia’s diversification efforts appear to be paying off: the Ministry of Economy and Planning has revealed that non-oil revenues hit 50% of the Kingdom's gross domestic product (GDP) in 2023, the highest level ever. The country’s non-oil economy was valued at 1.7 tri...
The Kingdom’s ‘non-oil’ sectors are expanding significantly, recording growth rates of 5.3% in 2022 and 3.8% in 2023.1Overall GDP surpassed US$1 trillion for the first time in 2022 and is forecast to grow to US$1.43 trillion in 2029, according to the IMF.2On the social front, the ...
In 2020, the non-oil private sector in Saudi Arabia generated an estimated gross domestic product (GDP) of approximately 1.33 trillion Saudi riyals.
Data sets offering a full view of Saudi Arabia’s GDP, economy, trade and finance sector. With links to recent news coverage and analysis.
In 2020, the total gross domestic product of Saudi Arabia was estimated to be around 2.62 trillion Saudi riyals.
RIYADH, April 25 (Xinhua) -- Saudi Arabia announced on Thursday that the total assets managed by the Public Investment Fund (PIF) reached 2.81 trillion Saudi Riyals (about 749.2 billion U.S. dollars) in 2023, solidifying its role as a key driver of the kingdom's economic development. ...
Saudi Arabia was the fastest-growing G20 economy in 2022. Overall growth reached 8.7%, reflecting both strong oil production and a 4.8% non-oil gross domestic product (GDP) growth. Total unemployment dropped to a historical low at 4.8%, the IMF added. Further, female participation in the la...
Regarding future plans, he disclosed that the initial batch of factories is set to launch this year, with the Kingdom investing 3.2 trillion U.S. dollars by 2030. During such a process, Midha said, Alat aims to create 39,000 direct jobs in Saudi Arabia and achieve a non-oil GDP contrib...
Patrick Doherty
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