Official statistics revealed that the operating revenues of the business sector in Saudi Arabia in 2022 exceeded 4 trillion riyals ($1 trillion).
Data published by the General Authority for Statistics (GASTAT) on Wednesday highlighted the recovery of the business sector from the impact of the Covid-19 pandemic.
Features of the improvement in the performance of economic activities emerged at a varying rate in various sectors.
Statistics showed that the most revenue-generating activities were registered in the manufacturing industry, mining and quarrying, as well as wholesale and retail trade.
Business sector operating expenses amounted to 1.7 trillion riyals ($465 billion), led by the manufacturing industry, followed by wholesale and retail trade, and construction.
The total compensation of employees during the past year reached 388.4 billion riyals ($103 billion).
The operating revenues of the small-sized enterprises increased by 35% compared to the previous year. This rise was largely affected by the revenues of wholesale and retail trade activities, as well as construction.
This is in addition to the manufacturing activities, which recorded the highest value of revenue compared to other economic activities.
Official data revealed that the operating revenues of business sector establishments increased by 26 percent compared to the previous year, supported by an increase in many economic activities.
The results of the statistics showed a rise in operating revenues in sports, leisure and entertainment activities by 36.6 percent.
According to the GASTAT, operating expenses in the business sector increased during the previous year by 20.9 percent compared to 2020, as a result of the rise in various economic activities.
The statistics showed an increase in operating expenses in the building construction activity by 27.7 percent, while the manufacture of food products and chemicals rose by 11.8 and 49.8 percent, respectively.
Operating expenses in warehousing and transportation support, computer programming and consultancy and related activities decreased by 6.4 percent and 7 percent, respectively.
