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The business sector’s total operating revenues rose to SAR 5.5 trillion in 2024, increasing 3.9% year-on-year (YoY), according to the Structural Business Statistics issued by the General Authority for Statistics (GASTAT).
Total operating expenditures reached SAR 2.37 trillion during the year, recording a growth rate of 9.3%.
Employee compensation amounted to approximately SAR 588.8 billion, up 8.1% YoY, the data showed.
Operating revenues refer to cash revenues generated from an establishment’s core activity or other secondary activities, while operating expenditures represent the value of goods and services actually consumed during the fiscal year as a result of economic activity. Operating surplus is defined as total revenues minus total expenditures and compensation.
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Structural Business Statistics for 2024 |
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|
Key Indicator |
Value (SAR bln) |
YoY Change |
|
Operating Revenues |
5,500 |
3.9% |
|
Operating Expenses |
2,368 |
9.3% |
|
Compensation of Employees |
588.8 |
8.1% |
|
Gross Fixed Capital Formation |
988 |
13.8% |
|
Operating Surplus |
2,544 |
(1.5%) |
GASTAT stated that manufacturing activities contributed 31% of total operating revenues, equivalent to SAR 1.7 trillion, followed by mining and quarrying activities at 19%, and wholesale and retail trade activities at 17%.
|
Operating Revenues by Business Activity & Size for 2024 (SAR bln) |
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|
Activity |
MSMEs* |
Large Enterprises** |
Total |
|
Manufacturing Industry |
332.8 |
1,370.2 |
1,702.9 |
|
Mining and Quarrying |
9.5 |
1,048.0 |
1,057.5 |
|
Wholesale & Retail Trade |
623.7 |
295.3 |
919.0 |
|
Construction |
270.3 |
200.3 |
470.6 |
|
Financial & Insurance Activities |
68.2 |
182.2 |
250.5 |
|
Information & Communication |
22.7 |
216.7 |
239.4 |
|
Transportation & Storage |
59.9 |
118.2 |
178.2 |
|
Accommodation & Food Services |
112.9 |
55.4 |
168.3 |
|
Electricity & Gas Supply |
7.7 |
99.9 |
107.6 |
|
Health & Social Work |
41.9 |
56.0 |
97.9 |
|
Administrative & Support Services |
49.6 |
42.5 |
92.1 |
|
Professional Activities |
39.9 |
20.7 |
60.6 |
|
Real Estate Activities |
16.1 |
25.6 |
41.7 |
|
Other Services |
32.9 |
4.0 |
36.8 |
|
Water Supply & Sewage |
5.1 |
27.5 |
32.6 |
|
Education |
16.0 |
14.7 |
30.8 |
|
Arts & Entertainment |
11.4 |
2.4 |
13.8 |
|
Total |
1,720.8 |
3,779.6 |
5,500.4 |
*Enterprises with 1–249 employees.
**Enterprises with 250 employees or more.
According to the data, manufacturing activities accounted for 42% of total operating expenses, followed by wholesale and retail trade at 22%, and construction activities at 8%.
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Operating Expenses by Business Activity & Size for 2024 (SAR bln) |
|||
|
Activity |
MSMEs* |
Large Enterprises** |
Total |
|
Manufacturing Industry |
156.3 |
827.6 |
983.9 |
|
Wholesale & Retail Trade |
327.7 |
194.5 |
522.1 |
|
Construction |
99.9 |
83.1 |
183.0 |
|
Mining and Quarrying |
2.9 |
123.4 |
126.3 |
|
Information & Communication |
8.9 |
107.4 |
116.3 |
|
Financial & Insurance Activities |
18.1 |
59.7 |
77.8 |
|
Transportation & Storage |
22.7 |
53.8 |
76.5 |
|
Accommodation & Food Services |
49.1 |
23.9 |
73.0 |
|
Electricity & Gas Supply |
2.4 |
44.5 |
46.9 |
|
Health & Social Work |
12.5 |
25.9 |
38.4 |
|
Administrative & Support Services |
16.7 |
14.6 |
31.3 |
|
Professional Activities |
14.9 |
8.4 |
23.3 |
|
Water Supply & Sewage |
2.2 |
16.5 |
18.7 |
|
Real Estate Activities |
5.8 |
12.7 |
18.5 |
|
Other Services |
13.9 |
1.7 |
15.5 |
|
Education |
5.5 |
6.2 |
11.7 |
|
Arts & Entertainment |
3.6 |
1.0 |
4.6 |
|
Total |
762.9 |
1,604.9 |
2,367.8 |
*Enterprises with 1–249 employees.
**Enterprises with 250 employees or more.
The largest share of employees was in construction (23%), followed by wholesale and retail trade (22%) and manufacturing (19%).
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Relative Distribution of Employees by Economic Activity for 2024 |
|
|
Economic Activity |
Relative Distribution of Employees |
|
Construction |
22.5% |
|
Wholesale & Retail Trade |
21.9% |
|
Manufacturing |
19.1% |
|
Accommodation & Food Services |
7.0% |
|
Administrative & Support Services |
5.7% |
|
Transportation & Storage |
4.9% |
|
Health & Social Work |
3.9% |
|
Other Services |
3.0% |
|
Professional Activities |
2.1% |
|
Education |
2.0% |
|
Information & Communication |
1.9% |
|
Mining and Quarrying |
1.4% |
|
Financial & Insurance Activities |
1.4% |
|
Electricity & Gas Supply |
1.0% |
|
Real Estate Activities |
0.8% |
|
Water Supply & Sewage |
0.7% |
|
Arts & Entertainment |
0.6% |
|
Total |
100% |
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