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Manufacturing Sector Contribution to GDP in Saudi Arabia (1990-2022)

Manufacturing Sector Contribution to GDP in Saudi Arabia (1990-2022)

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Saudi Arabia (1990-2022). TGM StatBox.
Chart Details
Data Source: World Development Indicators.
Timeframe: 1990-2022
Country: Saudi Arabia
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Saudi Arabia's manufacturing sector experienced gradual growth from 8.3% in 1990 to 14.4% in 2022. This increase reflects the country’s Vision 2030 goals, aiming to diversify away from oil dependency by investing in local manufacturing. The focus on sectors like petrochemicals and construction materials has sustained manufacturing's growth, even amid oil price fluctuations, highlighting Saudi Arabia's strategic move towards a more diversified economy.

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