Saudi Arabia GDP 2017-2022 (Billions USD)
20 May 2023•
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Saudi Arabia is the 18th largest economy in the world and the second largest in the Middle East. Its GDP has grown at an average annual growth rate of ~8% since the launch of Vision 2030 in 2016, reaching US$ 1 trillion in 2022.
The recent surge in global energy prices has helped Saudi Arabia reap rewards for its oil activities that is financing the Kingdom’s diversification away from oil-reliance. Non-oil activities formed almost half the GDP last year in 2021.
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