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Aggregate operating revenues of small and medium-sized enterprises (SMEs) rose in 2022 by 6% year-on-year (YoY) to SAR 1.33 trillion, according to the General Authority for Statistics (GASTAT).
Operating expenses (OpEx) also increased by 4% to SAR 687.9 billion during the same year. Meanwhile, workers’ compensation grew by 5% to SAR 164.2 billion, the authority's statistics showed.
SMEs Statistics (SAR bln) |
|||
Items |
2021 |
2022 |
Change% |
Operating Revenues |
1,265.5 |
1,339.5 |
+6% |
OpEx |
659.5 |
687.9 |
+4% |
Workers' Compensation |
155.8 |
164.2 |
+5% |
Operating Surplus |
450.2 |
487.4 |
+8% |
Medium enterprises came first in terms of operating revenues, with SAR 597.9 billion in 2022, followed by microenterprises, with SAR 382.7 billion.
Medium enterprises also recorded the highest OpEx of SAR 287.9 billion, followed by microenterprises with SAR 213.4 billion.
SMEs Statistics by Type of Enterprise (SAR bln)* |
|||
Item |
Microenterprises |
Small Enterprises |
Medium Enterprises |
Operating Revenues |
382.7 |
358.9 |
597.9 |
OpEx |
213.4 |
186.5 |
287.9 |
Workers' Compensation |
44.1 |
45.8 |
74.3 |
Operating Surplus |
125.2 |
126.5 |
235.7 |
Small enterprises consist of 6-49 workers.
Medium enterprises comprise 50-249 workers.
The wholesale and retail trade sector came in first with operating revenues of SAR 515.7 billion, followed by the manufacturing sector with SAR 267.7 billion, and then the construction sector with SAR 180.3 billion.
SMEs Operating Revenues by Sector in 2022 (SAR bln) |
|
||
Item |
Value (SAR bln) |
Percentage of Total |
|
Wholesale and Retail |
515.7 |
38.5% |
|
Manufacturing |
267.7 |
20.0% |
|
Construction |
180.3 |
13.5% |
|
Accommodation & Food Services |
79.5 |
5.9% |
|
Money and Insurance |
63.1 |
4.7% |
|
Transportation and Storage |
48.4 |
3.6% |
|
Administrative & Support Services |
37.9 |
2.8% |
|
Health and Social Work |
31.1 |
2.3% |
|
Professional Activities |
29.5 |
2.2% |
|
Information and Communication |
13.2 |
1.0% |
|
Education |
12.4 |
0.9% |
|
Electricity and Gas Supply |
9.8 |
0.7% |
|
Arts and Entertainment |
8.1 |
0.6% |
|
Real Estate Activities |
6.5 |
0.5% |
|
Mining and Quarrying |
6.1 |
0.5% |
|
Water Supply & Waste Management |
3.4 |
0.3% |
|
Other Services |
26.9 |
2.0% |
|
Total |
1339.5 |
100% |
|
The wholesale and retail sector reported the highest OpEx at SAR 313.9 billion, followed by the manufacturing sector at SAR 141.1 billion, as shown in the table below:
SMEs OpEx by Sector in 2022 (SAR bln) |
|||
Item |
Value (SAR bln) |
Percentage of Total |
|
Wholesale and Retail |
313.9 |
45.6% |
|
Manufacturing |
141.1 |
20.5% |
|
Construction |
80.9 |
11.8% |
|
Accommodation & Food Services |
40.5 |
5.9% |
|
Transportation and Storage |
20.0 |
2.9% |
|
Money and Insurance |
16.3 |
2.4% |
|
Administrative & Support Services |
15.3 |
2.2% |
|
Professional Activities |
12.8 |
1.9% |
|
Health and Social Work |
10.6 |
1.5% |
|
Education |
5.3 |
0.8% |
|
Information and Communication |
4.8 |
0.7% |
|
Electricity and Gas Supply |
4.3 |
0.6% |
|
Arts and Entertainment |
3.0 |
0.4% |
|
Mining and Quarrying |
2.8 |
0.4% |
|
Real Estate Activities |
2.0 |
0.3% |
|
Water Supply & Waste Management |
1.4 |
0.2% |
|
Other Services |
12.7 |
1.8% |
|
Total |
687.9 |
100.0% |
|
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