Saudi economy joins trillion dollar club
Tuesday, 26 September 2023
RIYADH, Sept 25 (Arab News): Saudi Arabia has reached a significant milestone as its gross domestic product crossed the coveted 1 trillion-dollar mark for the first time, revealed the umbrella body of the Kingdom's business community.
The Federation of Saudi Chambers revealed that the Kingdom achieved the GDP of SR4.15 trillion ($1.11 trillion), meeting the state's goals for 2025.
The Saudi Press Agency cited the FSC study reporting that the Kingdom achieved an economic growth rate of 8.7 percent in 2022, the highest among the member states of G20.