Saudi Gazette reportRIYADH — Saudi Arabia’s digital economy accounted for 15.6% of the Kingdom’s gross domestic product (GDP) in 2023, reflecting a 1.6% increase compared to 2022, according to the ...

RIYADH, Dec 7 (Reuters) - Saudi ... for 2022, while spending is 1.132 trillion riyals, meaning a surplus of 102 billion riyals, or 2.6% of GDP. GDP growth is forecast to slow to 3.1% in 2023 ...

Saudi Arabia expects to post a surplus of 0.2% of GDP in 2023, a drop from an expected surplus of 2.3% ... while revenues are expected to be 7.5% higher compared with 2022. In its 2022 budget ...

2023 annual report highlights achievements ... non-oil activities now account for 50 percent of Saudi Arabia’s GDP The program has helped drive local employment, providing jobs for over 113,000 ...

Saudi Arabia’s economy contracted by 0.8 per cent in 2023 compared with a year earlier, as a decline in oil activities by 9 per cent continued to weigh on overall growth. The latest data from ...

AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

Saudi Arabia is expected to be among the fastest-growing economies in the G20 in 2022 – and the Kingdom was on track to fulfil that forecast by the middle of the year. Indeed, in the first three ...

RIYADH, Dec 7 (Reuters) - Saudi Arabia expects to post a second consecutive budget surplus in 2023 ... in 2022 as oil prices are seen falling from this year's high levels. "The economic impact ...

Saudi Arabia's non-oil private sector is leading in growth for 2023, having accelerated ... As a result, Saudi GDP exceeded $1trn for the first time in 2022. The ongoing success of these economic ...

RIYADH — Saudi Arabia has released detailed foreign direct investment (FDI) statistics for 2023 ... 2.4% of the Kingdom's GDP, achieving the NIS target. Notably, when excluding the exceptional Aramco ...

Inflows were up 50% over 2022 figures, after excluding a one-off Aramco pipeline deal valued at 55 billion riyals in 2022. Saudi Arabia ... the end of 2023, accounting for 22.5% of GDP and up ...