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

Kylie Jenner Sparkles in Ailes

Angelina Jolie Dazzles in Bvlgari at the 20th Rome Film Festival

Jacob & Co. Creates Bespoke Wedding Jewelry and Diamond Watch for Benny Blanco

Calendar of Events

Exhibition & Events

India’s gem and jewellery exports record a growth of 3.66% to US$ 14.09 billion a steady recovery in the first half of FY2025–26: GJEPC

Resounding success for the first edition of World Watch Day

GJEPC Unlocks New Opportunities for India’s Gem & Jewellery Exports in Saudi Arabia, Market Poised to Reach USD 8.34 Billion by 2030

Our Group Websites

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

Get Adobe Flash player