In 2023, Saudi Arabia's GDP was prominently driven by the "Mining, Manufacturing, Utilities" sector, which accounted for 36.4%, followed closely by "Services" at 36.05%. The "Wholesale, Retail Trade, Restaurants, and Hotels" sector contributed 11.5%, and "Transport, Storage, and Communication" added 6.68%, while "Construction" provided 6.65%. "Agriculture, Hunting, Forestry, Fishing" occupied the smallest share at 2.7%. Year-on-year variations in these sectors reflect the trends and shifts over the past two years.
Future trends to watch include diversification efforts under Vision 2030, emphasizing growth in non-oil sectors such as technology and tourism, which may adjust sectoral contributions to GDP significantly.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Mining, Manufacturing, Utilities | 36.4 | 2016 | |
| 2 | 2 Services | 36.05 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 11.5 | 2016 | |
| 4 | 4 Transport, storage and communication | 6.68 | 2016 | |
| 5 | 5 Construction | 6.65 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.7 | 2016 |
