Saudi GDP crosses $1 trln for first time: Argaam Tools

The Kingdom of Saudi Arabian flag

Saudi Arabia’s gross domestic product (GDP) surpassed $1 trillion for the first time, based on the estimated data released by the the General Authority for Statistics (GASTAT) today, March 9.

GDP at constant prices reached SAR 4.2 trillion in 2022.

GDP Growth at Constant Prices (SAR bln)

Source: Argaam Tools (Open for all, limited time only) 
 

GDP at constant prices grew by 28% year-on-year (YoY) in 2022.

GDP Growth at Constant Prices (%)

Source: Argaam Tools (Open for all, limited time only)
 

The oil sector contributed nearly SAR 1.61 trillion to the Kingdom’s GDP, accounting for 39% of total.

Oil Sector Contribution to GDP (SAR bln)

Source: Argaam Tools (Open for all, limited time only)
 

Oil Sector Contribution to GDP (%)

Source: Argaam Tools (Open for all, limited time only)

The non-oil sector contributed nearly SAR 2.3 trillion to the Kingdom’s GDP, accounting for 61.1% of total.

Non-oil Sector Contribution to GDP (SAR bln)

Source: Argaam Tools (Open for all, limited time only)

Non-oil Sector Contribution to GDP (%)

Source: Argaam Tools (Open for all, limited time only)

The private sector contributed nearly SAR 1.63 trillion to the Kingdom’s GDP at constant prices in 2022.

Private Sector Contribution to GDP (SAR bln)

Source: Argaam Tools (Open for all, limited time only)

The government sector contributed nearly SAR 693.5 billion to the Kingdom’s GDP at constant prices in 2022.

Government Sector Contribution to GDP (SAR bln)

Source: Argaam Tools (Open for all, limited time only)