Saudi business sector reports SAR 4.08 trln operating revenue in 2021: GASTAT
- Date: 28-Dec-2022
- Source: Argaam
- Sector:Economy
- Country:Saudi Arabia
Saudi business sector reports SAR 4.08 trln operating revenue in 2021: GASTAT
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:
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