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Statistics Authority reports July revenue rise
Statistics from the General Authority for Statistics have shown that Saudi Arabia's gross domestic product and operating revenues experienced a significant increase in July 2026. The official revenue index recorded a year-on-year rise of 4.9% and a monthly increase of 1.2%, driven by growth in manufacturing, construction, and wholesale and retail trade activities. Additionally, the number of building permits issued grew by 4.4% compared to the previous year and by 15.5% month-on-month. Employee compensation also rose by 7.4% annually, reflecting growth across the mining, manufacturing, transportation, and storage sectors.
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