Saudi economy enters trillion dollar club: report

Increase FontSizeDecrease FontSize
25-Sep-2023

A report by the Federation of Saudi Chambers, issued on the occasion of the kingdom’s 93rd National Day, revealed that the kingdom’s gross domestic product (GDP) reached SAR4.155tn, exceeding the ceiling of $1tn for the first time. This achievement has made the kingdom a member of the ‘trillion-dollar’ club and marks the achievement of the national goal well ahead of the target date of 2025, reported Saudi Press Agency (SPA). Saudi Arabia has achieved many milestones, ranging from improving its major economic indicators to upgrading the ranking of the national economy by global institutions, including the International Monetary Fund (IMF). According to the IMF, the Saudi economy was the fastest-growing among the Group of Twenty (G20) member states in 2022.

 

Post a comment

 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Celebrity News

Deema Al Asadi wears Samra’s Thaman Collection

Eva Longoria Dazzles at Cannes in Pasquale Bruni’s Aleluiá Collection

Princess Maria Chiara and Princess Maria Carolina di Borbone in Damiani High Jewelry at 2025 Cannes Film Festival

Calendar of Events

Exhibition & Events

GJEPC Signs Historic Luanda Accord that Commits 1% of Rough Sales Revenue to Global Natural Diamond Marketing

Progress Continues on the Vicenza Expo Centre Expansion

GJEPC Welcomes Dr. K. Srikar Reddy, Consul General of India, San Francisco, to India Pavilion at JCK Las Vegas 2025

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player