The forecasted Natural Gas Rents in Saudi Arabia display a gradual increase from 1.79% of GDP in 2024 to 1.89% by 2028. This reflects a year-on-year growth of approximately 1.7% over the 2024-2028 period. The nominal values for 2023 stood at 1.77% of GDP, indicating consistent growth. Over the last two years leading to 2024, the natural gas rents have seen an average annual growth rate of 1.13%. The Compound Annual Growth Rate (CAGR) over the next five years (2024-2028) is projected at 1.36%.
Future trends to watch for include technological advancements in extraction methods, fluctuations in global natural gas demand, and changes in government policies that could impact the sector. Monitoring the impact of these factors will be critical for assessing the sustainability of this upward trend in natural gas rents as a portion of Saudi Arabia's GDP.
