The contribution of construction to Saudi Arabia's GDP has shown a steady increase from 4.81 units in 2013 to 7.44 units in 2023. This indicates a robust growth trajectory over the past decade. The year-on-year growth rate from 2022 to 2023 was 1.5%, up from 1.8% for the previous two years. The 5-year compounded annual growth rate (CAGR) stands at 1.14%, forecasting a continuation of this positive trend.
Future trends to watch for include potential impacts of major construction projects aligned with Vision 2030, increased investment in infrastructure, and urban development initiatives. These elements could further drive construction’s contribution to GDP.