Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s total government revenues reached SAR1.26 trillion ($336 billion) in 2024, marking a four percent increase YoY and exceeding the initial budget estimate by seven percent. Total expenditures stood at SAR1.37 trillion ($365 billion), reflecting a six percent annual increase, while the budget deficit widened to SAR115.63 billion ($30.8 billion), up 43 percent from 2023.
- Saudi Arabia ranked fourth globally in the United Nations E-Government Development Index 2024 (EGDI 2024). The Kingdom jumped 25 places to be among the group of leading countries worldwide. It also ranked second among the G20 countries and first regionally in the digital services index in addition to achieving seventh place in the e-participation index. The city of Riyadh achieved third place out of 193 cities globally.
