Saudi Arabia’s General Authority for Statistics released the 2023 Economic Census, revealing key indicators for the business sector. This report provides an in-depth analysis.
Content
1. Overview
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Total operating revenue: SAR 5.292 billion.
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Total operating expenses: SAR 2.165 billion.
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Employee compensation: SAR 544.7 billion.
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Fixed capital formation: SAR 867.8 billion.
2. Revenue Analysis
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10% revenue growth from previous year.
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Key contributing sectors: Industry and Services.
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Economic policies’ impact on revenue growth.
3. Expense Analysis
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5% expense increase from previous year.
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Primary costs: Materials and labor.
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Cost-reduction strategies.
4. Economic Impact
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Business sector’s contribution to GDP.
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Impact on economic development.
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Investment opportunities.
5. Challenges and Opportunities
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Challenges: Rising costs and competition.
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Opportunities: Technology investment and human development.
Economic Census Conclusion
The results demonstrate Saudi Arabia’s business sector growth, enhancing statistical analysis capabilities.