The tourism sector GDP share in Saudi Arabia was forecast to continuously increase between 2023 and 2028 by in total 1.9 percentage points. The share is estimated to amount to 9.4 percent in 2028. While the share was forecast to increase significant in the next years, the increase will slow down in the future.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Lebanon and Jordan.

The contribution of tourism to the GDP of Saudi Arabia was expected to reach *** billion Saudi riyal by 2022. It was forecasted that the contribution of tourism to the Saudi economy would continue to grow to reach about *** billion Saudi riyal by 2032.

Saudi Arabia: International tourism revenue, percent of GDP: The latest value from 2020 is 0.81 percent, a decline from 2.37 percent in 2019. In comparison, the world average is 3.34 percent, based on data from 125 countries. Historically, the average for Saudi Arabia from 2003 to 2020 is 1.56 percent. The minimum value, 0.81 percent, was reached in 2020 while the maximum of 2.37 percent was recorded in 2019.

Tourism Revenues in Saudi Arabia increased to 153.61 SAR Billion in 2024 from 135 SAR Billion in 2023. This dataset provides - Saudi Arabia Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic describes the induced economic contribution of tourism to the gross domestic product (GDP) of Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2027. According to forecasts, the induced contribution of tourism to the GDP of Saudi Arabia will be 109.4 billion Saudi Riyal in 2027.

Travel and tourism was expected to have a contribution of about *** percent of the GDP of Saudi Arabia in 2022. It was forecasted that the contribution of tourism to the Saudi economy would continue to grow to reach about *** billion Saudi riyal by 2032.

This statistic described the direct tourism contribution of Mecca to the gross domestic product of Saudi Arabia from 2006 to 2016 and a forecast for 2026. The forecast of the direct tourism contribution of Mecca to the GDP of Saudi Arabia for 2026 was approximately 6.6 billion U.S. dollars.

According to the data provided by the World Tourism Organization (UNWTO), in 2021, the tourism balance in Saudi Arabia was minus *** percent following the COVID-19 outbreak. This was a decrease compared to minus *** percent in the previous year. Saudi Arabia’s economic diversification    In 2016, Saudi Arabia introduced a new initiative, Vision 2030. The main goal of Vision 2030 was to diversify Saudi Arabia's exports and revenue opportunities beyond the oil and gas industry to include segments such as transportation and entertainment. Economic diversification in Saudi Arabia has proven necessary since oil prices plunged because of the ongoing pandemic. The pandemic's impact on travel reduced Saudi Arabia's oil shipments to China, a prominent Saudi oil importer, as well as the rest of the world. The country's real GDP growth plummeted to around negative **** percent in 2020, which demonstrated the dependence of Saudi Arabia's economy on oil and gas exports.  Tourism initiatives The purpose of reforming Saudi Arabia's economy is not just to diversify it but also to create growth prospects for Saudi citizens. For example, there were more than ************** workers in the tourism sector in 2019. Shifting economic reliance from the public to the private sector could generate employment opportunities tailored to people’s skills. The government's plans for economic diversification include attracting foreign investment, increasing the number of small and medium-sized firms, and generating employment opportunities via mega-project development. Mega construction projects in Saudi Arabia include NEOM, with a value of approximately *************** U.S. dollars and an expected completion date of 2025. With smart city technology being incorporated into the city, NEOM is planned to function as a major tourist destination in Saudi Arabia.

This statistic describes the economic contribution of capital investment in tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of capital investment in tourism to the GDP of Saudi Arabia will be 244.4 billion Saudi Riyal by 2028.

This statistic describes the economic contribution of domestic tourism expenditure in Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of domestic tourism expenditure to the GDP of Saudi Arabia will be around 132.3 billion Saudi Riyal by 2028.

This statistic describes the total economic contribution of tourism and travel to Saudi Arabia in 2017, by type. During this year, the contribution of the capital investment in tourism to the GDP of Saudi Arabia was around 90.8 billion Saudi Riyal.

This statistic describes the indirect economic contribution of domestic supply chain for tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of domestic supply chain for tourism to the GDP of Saudi Arabia will be around 42.7 billion Saudi Riyal by 2028.

Saudi Arabia Car Rental And Leasing Market size was valued at USD 2.4 Billion in 2024 and is expected to reach USD 4.2 Billion by 2032, growing at a CAGR of 7.2% from 2026 to 2032.

Saudi Arabia Car Rental And Leasing Market Dynamics

The key market dynamics that are shaping the Saudi Arabia Car Rental And Leasing Market include:

Key Market Drivers

Tourism Growth: Tourism growth drive the Saudi Arabia Car Rental And Leasing Market, supported by Vision 2030 efforts. International tourist visits increased by 94% in 2022 to 16.6 million, increasing demand for rental automobiles. Religious and recreational tourists rely on rentals for easy transportation, which helps to grow the industry. Tourism contributed 4.5% of Saudi Arabia's GDP in 2023, indicating its economic importance.

Growing Cost of Vehicle Ownership: The growing cost of vehicle ownership raises the Saudi Arabia Car Rental And Leasing Market, as more people and organizations seek cost-effective mobility alternatives.

This statistic describes the economic contribution of government collective spending in tourism to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of government collective spending in tourism to the GDP of Saudi Arabia will be 10.3 billion Saudi Riyal by 2028.

The tourism sector GDP share in the United Arab Emirates was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to ***** percent in 2028.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Saudi Arabia and Bahrain.

This statistic describes the economic contribution of internal tourism consumption to Saudi Arabia from 2012 to 2017, with an estimate for 2018 and a forecast for 2028. According to forecasts, the contribution of internal tourism consumption to the GDP of Saudi Arabia will be around 241.1 billion Saudi Riyal by 2028.