‎Saudi real GDP nears SAR 5T under Vision 2030

Saudi Arabia’s economy continues to post robust growth, driven by diversification efforts and the expanding role of non-oil sectors in line with the Vision 2030 objectives.

Real GDP has risen markedly since 2016, increasing from around SAR 3.73 trillion to nearly SAR 5 trillion by 2025.

Real GDP Growth (2016-2025) – SAR bln

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Year

Real GDP

Growth Rate

2016

3730

1.7%

2017

3774

1.2%

2018

3896

3.2%

2019

3960

1.7%

2020

3810

(3.8%)

2021

4058

6.5%

2022

4545

12.0%

2023

4570

0.5%

2024

4691

2.7%

2025

4902

4.5%

Government non-oil revenue rose by around 173% over the past decade, increasing from SAR 185.7 billion in 2016 to SAR 505 billion in 2025.

Non-oil revenue contribution to total revenue also increased from 36% in 2016 to 45% in 2025.

Saudi Arabia’s economy continues to post robust growth, driven by diversification efforts and the expanding role of non-oil sectors in line with the Vision 2030 objectives.

Real GDP has risen markedly since 2016, increasing from around SAR 3.73 trillion to nearly SAR 5 trillion by 2025.

Real GDP Growth (2016-2025) – SAR bln

Year

Real GDP

Growth Rate

2016

3730

1.7%

2017

3774

1.2%

2018

3896

3.2%

2019

3960

1.7%

2020

3810

(3.8%)

2021

4058

6.5%

2022

4545

12.0%

2023

4570

0.5%

2024

4691

2.7%

2025

4902

4.5%

Government non-oil revenue rose by around 173% over the past decade, increasing from SAR 185.7 billion in 2016 to SAR 505 billion in 2025.

Non-oil revenue contribution to total revenue also increased from 36% in 2016 to 45% in 2025.