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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 % |
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