AI Summary
The Kingdom of Saudi Arabia's flag
Operating revenue of Saudi Arabia’s business sector increased 26% year-on-year (YoY) to SAR 4.08 trillion in 2021, according to data by the General Authority for Statistics (GASTAT).
These results reflected the recovery of the business sector from the multi-dimensional COVID-related repercussions on economic activities. This supported a rebound to exceed the pre-pandemic levels in 2019, while overcoming challenges faced in 2020.
Manufacturing industries were the top revenue-generating activities in 2021, recording SAR 1.10 trillion. Mining and quarrying followed with over SAR 909 billion, while wholesale and retail came next, as indicated below:
|
Operating Revenue by Business Activity in 2021 (SAR bln) |
|||
|
Business Activity |
MSMEs |
Large Enterprises |
Total |
|
Mining and Quarrying |
5.88 |
903.15 |
909.05 |
|
Manufacturing Industries |
242.37 |
861.36 |
1103.73 |
|
Electricity and Gas |
9.49 |
77.87 |
87.36 |
|
Water and Drainage |
3.24 |
11.91 |
15.15 |
|
Construction |
171.15 |
159.08 |
330.23 |
|
Wholesale and Retail |
498.26 |
221.37 |
719.63 |
|
Transportation and Storage |
45.14 |
92.08 |
137.22 |
|
Accommodation and Food |
76.22 |
45.21 |
121.44 |
|
Information and Telecommunication |
12.46 |
169.25 |
181.71 |
|
Money and Insurance |
58.66 |
155.75 |
214.41 |
|
Real Estate |
5.59 |
19.11 |
24.70 |
|
Professional Activities |
26.65 |
13.64 |
40.29 |
|
Administrative Support Services |
35.33 |
26.78 |
62.11 |
|
Education |
12.13 |
11.15 |
23.28 |
|
Human Health and Social Work Activities |
30.28 |
43.75 |
74.03 |
|
Art and Entertainment |
7.73 |
0.84 |
8.57 |
|
Other Services |
24.87 |
3.40 |
28.27 |
|
Total |
1265.47 |
2815.79 |
4081.18 |
Employee compensations increased by 12% YoY to SAR 388.4 billion in 2021.
Manufacturing industries, wholesale and retail, and construction activities recorded the highest employee compensations, compared to other business segments, as follows:
|
Employee Compensations by Business Activity in 2021 (SAR bln) |
|||
|
Business Activity |
MSMEs |
Large Enterprises |
Total |
|
Mining and Quarrying |
0.45 |
40.16 |
40.61 |
|
Manufacturing Industries |
25.06 |
54.52 |
79.57 |
|
Electricity and Gas |
1.69 |
9.76 |
11.46 |
|
Water and Drainage |
0.48 |
1.42 |
1.90 |
|
Construction |
26.11 |
23.57 |
49.68 |
|
Wholesale and Retail |
43.45 |
16.68 |
60.12 |
|
Transportation and Storage |
8.07 |
13.69 |
21.76 |
|
Accommodation and Food |
10.84 |
4.81 |
15.65 |
|
Information and Telecommunication |
1.61 |
17.60 |
19.21 |
|
Money and Insurance |
7.77 |
21.50 |
29.27 |
|
Real Estate |
1.45 |
4.41 |
5.87 |
|
Professional Activities |
5.30 |
2.40 |
7.69 |
|
Administrative Support Services |
7.25 |
6.89 |
14.14 |
|
Education |
4.00 |
3.36 |
7.36 |
|
Human Health and Social Work Activities |
7.18 |
10.91 |
18.09 |
|
Art and Entertainment |
0.90 |
0.16 |
1.06 |
|
Other Services |
4.17 |
0.85 |
5.02 |
|
Total |
155.78 |
232.69 |
388.47 |
The number of employees by business activity, as per GASTAT, reached 7.98 million by the end of 2021.
Construction activities dominated the largest number of workers at 26%, or 2.06 million. It was followed by wholesale and retail (1.8 million) and administrative support services.
|
Number of Employees by Business Activity in 2021 |
|
|
|
Business Activity |
Number (‘000 employees) |
|
|
Construction |
2058.44 |
|
|
Wholesale and Retail |
1790.88 |
|
|
Administrative Support Services |
977.74 |
|
|
Manufacturing Industries |
852.93 |
|
|
Accommodation and Food |
555.30 |
|
|
Human Health and Social Work Activities |
470.35 |
|
|
Transportation and Storage |
281.06 |
|
|
Mining and Quarrying |
176.65 |
|
|
Education |
140.90 |
|
|
Professional Activities |
138.16 |
|
|
Information and Telecommunication |
82.15 |
|
|
Electricity and Gas |
78.13 |
|
|
Money and Insurance |
77.92 |
|
|
Real Estate |
39.30 |
|
|
Art and Entertainment |
29.99 |
|
|
Water and Drainage |
23.85 |
|
|
Other Services |
209.99 |
|
|
Total |
7983.74 |
|
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