Business sector’s operating revenues reach SAR 5.1 trln in 2022: GASTAT

13/10/2023 Argaam Special
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The business sector reported a 24% rise year-on-year (YoY) in operating revenues to SAR 5.07 trillion in 2022. Operating revenues are the cash revenues generated from core or other sub-activities, according to the General Authority for Statistics (GASTAT).

 

The business sector maintained successive growth rates during 2021 and 2022, as positive performance signals appeared clearly in various business activities.

 

During 2022, mining and quarrying activities topped by revenue of SAR 1.48 trillion.

 

Manufacturing activities came second, recording nearly SAR 1.42 trillion revenues, followed by the wholesale and retail trade (SAR 757.18 billion).

 

Operating Revenues by Business Activity & Size for 2022 (SAR bln)

Activity

MSMEs

Large Enterprises

Total

Mining and Quarrying

6.11

1475.07

1481.18

Manufacturing Industry

267.73

1149.11

1416.84

Wholesale and Retail Trade

515.75

241.44

757.18

Construction

180.26

163.16

343.43

Financial and Insurance Activities

63.07

165.83

228.90

Information and Communication

13.18

175.31

188.49

Transportation and Storage

48.39

93.85

142.25

Accommodation and Food

79.51

47.17

126.68

Electricity & Gas

9.78

80.12

89.90

Administrative Support Services

37.91

29.87

67.78

Health and Social Work

31.09

45.47

76.56

Professional Activities

29.48

15.28

44.76

Real Estate Activities

6.52

20.77

27.29

Education

12.42

11.36

23.78

Water and Sewage

3.36

12.48

15.84

Arts and Entertainment

8.06

0.88

8.94

Other Services

26.86

3.49

30.35

Total

1339.50

3730.67

5070.16

 

Employees’ compensation increased by 6% YoY to reach SAR 413.34 billion in 2022.

 

Manufacturing activities, wholesale and retail trade activities, and construction activities took precedence over other business activities in terms of compensation value.

 

The following table shows employees’ compensation by business activity and size for 2022:

 

Employees’ Compensations by Business Activity & Size for 2022 (SAR bln)

Business Activity

MSMEs

Large Enterprises

Total

Manufacturing Industries

27.24

59.47

86.71

Wholesale and Retail Trade

45.48

18.78

64.27

Construction

27.55

24.93

52.48

Mining and Quarrying

0.46

44.96

45.42

Financial and Insurance Activities

8.37

23.00

31.37

Transportation and Storage

8.36

13.89

22.24

Information and communication

1.64

18.07

19.71

Health & Social Work Activities

7.22

11.03

18.26

Accommodation & Food

11.36

4.93

16.29

Administrative Support Services

7.78

7.33

15.11

Electricity and Gas

1.74

9.57

11.32

Professional Activities

5.61

2.62

8.23

Education

4.08

3.42

7.49

Real Estate Activities

1.56

4.61

6.17

Water and Sewage

0.50

1.46

1.95

Art and Entertainment

0.94

0.16

1.10

Other Services

4.36

0.86

5.22

Total

164.25

249.10

413.34

 

The number of employees by business activity, as per GASTAT, reached 9.07 million in 2022.

 

The construction activity accounted for the largest number of workers with 27%, or 2.46 million. It was followed by the wholesale and retail trade (1.63 million) and administrative support services (1.17 million).

 

Number of Employees by Business Activity in 2022

Business Activity

Number

(‘000 employees)

Percentage of Total

Construction

2460.23

27.1 %

Wholesale and Retail Trade

1626.05

17.9 %

Administrative Support Services

1175.28

13.0 %

Manufacturing Industries

1033.93

11.4 %

Accommodation and Food

675.15

7.4 %

Health and Social Work Activities

440.40

4.9 %

Transportation and Storage

439.57

4.8 %

Mining and Quarrying

213.69

2.4 %

Education

180.69

2.0 %

Professional Activities

141.82

1.6 %

Information and Communication

123.33

1.4 %

Water and Sewage

106.56

1.2 %

Financial and Insurance Activities

91.29

1.0 %

Real Estate Activities

54.63

0.6 %

Electricity and Gas

39.39

0.4 %

Arts and Entertainment

32.34

0.4 %

Other Services

237.96

2.6 %

Total

9072.30

100.0 %

 

Details and Historical Data for Macro Economy

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