The recovery of non -oil activities .. The national economy achieves 1.3% growth

The Economic Affairs and Development Council held a meeting through visual communication.
During the meeting, the Council reviewed a number of reports and issued a number of recommendations.

1.3% growth

This comes in light of the growth of 1.3% in 2024, exceeding the shrinkage phase that he witnessed in the previous year.
Positive growth returned during the third and fourth quarters of 2024, driven by a recovery, which reflected positively on the performance of the annual economy.

Non -oil economy

The non -oil economy recorded a growth of 4.3% in 2024, with the support of trade, restaurants and hotels, as well as financial and real estate activities.
The growth of non -oil commodity exports continued, supported by the re -export activity during the second half of 2024.

National economy

The total liquidity in the national economy witnessed a remarkable growth, driven by the height of the net loans and credit facilities provided to the government and the private sector.
The state’s general budget achieved revenue of 302.9 billion riyals (80.7 billion dollars) in the fourth quarter of the year 2024.

Non -oil revenues

Non -oil revenues grew in the fourth quarter by 21 % ؜ on an annual basis, to reach 132 billion riyals, compared to 109 billion riyals in 2023.
In 2024, revenues of 1.26 trillion riyals were achieved 4 % ؜ from 2023, and expenses at 1.375 trillion, an increase of 6 % ؜ on an annual basis.