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Saudi Arabia’s 2022 GDP breaks record, exceeds $1 trillion

Saudi Arabia’s government report states that it achieved its highest gross domestic product growth rate in over a decade in 2022 at 8.7% and broke its total amount record of more than $1 trillion last year. 
An aerial view shows the Kingdom Centre skyscraper (Kingdom Tower) and the King Fahad road in the Saudi capital Riyadh, on May 24, 2020. (Photo by FAISAL AL-NASSER/AFP via Getty Images)

Saudi Arabia achieved real gross domestic product (GDP) growth of 8.7% in 2022, according to a government report on Thursday, with its total GDP exceeding $1 trillion for the first time in the country’s history. 

The country’s General Authority for Statistics (GASTAT) highlighted that this growth rate is the highest the kingdom has experienced in more than a decade, according to its report and to national indicators after the fourth quarter. 

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