Mining and quarrying
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Mining and quarrying
Sector

Overview

Mining and quarrying

In the Mining and quarrying sector, the real Gross Domestic Product (GDP) decreased by 27.6% in second quarter of 2026 compared to the same quarter of the previous year. The seasonally adjusted real GDP decreased by 27.1%, while the nominal GDP increased by 29.5% compared to the same quarter of the previous year.

Exports from the Mining and quarrying sector in 2025 decreased by 5.6% compared to the previous year, while imports from the sector decreased by 6.7%. As a result, the trade balance was ⃁ 642.4 billion, 5.6% lower than the previous year.

Mining and quarrying sector achieved positive growth in the foreign direct investment (FDI) stock at the end of 2024, which amounted to ⃁ 36.9 billion, compared to the FDI stock of 2023, which was ⃁ 33.2 billion.

The inflows of FDI in the Mining and quarrying sector grew by 22.4% in 2024 compared to the previous year, whereas the outflows of FDI showed an increase of 22.3% compared to previous period. Thus, the net flows amounted to ⃁ 3.7 billion in 2024, while in 2023, it recorded ⃁ 3.0 billion.

The overall distribution of the employed in the Mining and quarrying sector reached 0.9% in first quarter of 2026, increased from last quarter by 0.07 percentage points (pp) and increased from a year ago by 0.06 pp.

For its part, the average weekly working hours was 46.3 hours in the third quarter of 2023, registering a decrease of 0.8% compared to the previous period and a decrease of 0.3% compared to the same quarter of 2022.

The operating revenues of the sector reached ⃁ 1.1 trillion in 2024, a decrease of 8.3% compared to the previous year. For its part, the operating expenses amounted to ⃁ 126.3 billion, showing an increase of 23.5% compared to the previous period. As a result, the operating surplus of the Mining and quarrying sector was ⃁ 876.6 billion, 12.4% lower than the previous period.

Real Sector Indicators

Gross Domestic Product (GDP)

In the second quarter of 2026, the real Gross Domestic Product (GDP) in Mining and quarrying amounted to ⃁ 183.0 billion. Additionally, the nominal GDP recorded a value of ⃁ 249.1 billion, while the seasonally adjusted real GDP stood at ⃁ 187.9 billion.

The graph shows the quarterly evolution of the real, nominal and seasonally adjusted real Gross Domestic Product (GDP) in the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

The Real GDP and Seasonally Adjusted Real GDP are calculated by Gastat using the Chain-Linked Methodology.

Industrial Production Index

In July 2026, the Industrial Production Index in Mining and quarrying sector grew 19.0% compared to the previous month. The General Index showed an increased of 10.4% compared to the previous month.

The graph shows the monthly percentage change in the Industrial Production Index (IPI) in Mining and quarrying sector and the monthly percentage change in the General Industrial Production Index for comparison.

Note: Sectors have been reclassified as per ISIC 4 standard.

Monetary

Commercial Bank Credit

During July 2026, the Mining and quarrying sector secured ⃁ 46.5 billion in commercial bank credits, higher by 0.2% than the value of the previous month and lower by 1.1% compared to the same month of the previous year.

The graph shows the monthly evolution of commercial bank credits in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Finance Companies' Credit to Non-Retail

In 2025, the Mining and quarrying sector recorded ⃁ 131.3 million in finance company credit to non-retail, marking a 18.5% decrease compared to the previous year.

The graph shows the annual evolution of the finance companies' credit to non-retail in the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

External Sector & International Trade

Exports and Imports

Exports of the Mining and quarrying sector reached ⃁ 646.1 billion in 2025. The primary destinations for these exports were People's Republic of China (⃁ 138.4 billion), Japan (⃁ 95.1 billion), and Republic of Korea (⃁ 93.4 billion).

The graph shows annual exports of Mining and quarrying sector by country, measured in trade value.

Trade Balance

In April 2026, the Mining and quarrying sector recorded exports amounting ⃁ 53.0 billion and imports totaling ⃁ 89.6 million, resulting in a trade balance surplus of ⃁ 52.9 billion.

The graph shows the monthly evolution of exports and imports in the Mining and quarrying sector, with the line representing the trade balance.

Foreign Licenses

In the fourth quarter of 2023, there were 50 registered in the Mining and quarrying sector, representing a 150.0% increase compared to the previous period.

The graph shows the quarterly trend in the number of foreign licenses obtained by the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Finance and Guarantee of Saudi Exports

In 2024, the finance and guarantee of Saudi exports amounted to ⃁ 0.0, the same as the previous year.

The graph shows the amounts of finance and guarantee of Saudi exports by year in the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

FDI Stock

In 2024, the Foreign Direct Investment (FDI) stock reached ⃁ 36.9 billion, marking an increased of 11.1% compared to the previous year.

The graph shows the annual evolution of the FDI stock in the Mining and quarrying sector.

FDI Flow

In 2024, the Foreign Direct Investment (FDI) Inflow amounted to ⃁ 5.2 billion, while the FDI Outflow stood at ⃁ 1.5 billion. Consequently, the FDI Net Inflow was ⃁ 3.7 billion, reflecting an increased of 22.4% compared to the previous year.

The graph illustrates the annual progression of FDI Inflow and Outflow in the Mining and quarrying sector. The line chart represents the FDI Net Inflow.

Note:

FDI inflows: Financial transactions that arise between the FDI institution, direct investors and related companies outside the Saudi economy, which occur during a certain period of time, and form inflows when their positive impact appears in excess of equity and/or debt instruments.

FDI outflows: These are financial transactions that arise between the Foreign Direct Investment Corporation, direct investors, and related companies outside the Saudi economy, and which occur during a certain period of time. They are outflows when their impact appears in a decrease in the side of obligations, such as paid dividends or repayment of loans and credit receivables, or when the foreign shareholder exits.

FDI net inflow: It represents the difference between inflows and outflows of foreign direct investment inflows.

Labor Market

Distribution of the Employed

In the first quarter of 2026, the percentage distribution of employed people in Mining and quarrying sector reached 0.9%, with 1.0% for men and 0.5% for women.

The graph shows the quarterly evolution of the percentage distribution of employed people by gender in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Working Hours

During the third quarter of 2023, the average hours worked by Saudi men were 46.7, compared to 45.7 hours for non-Saudi men. Likewise, Saudi women averaged 42.4 hours.

The graph shows the average weekly working hours by gender and nationality in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Social Insurance (GOSI)

During the first quarter of 2026, a total of 205,390 participants on the job Subject to the rules and regulations of social insurance were registered in the Mining and quarrying sector, with 94.1% being men (193,351 participants) and 5.9% women (12,039 participants).

The graph shows the quarterly evolution of the number of participants on the job Subject to the rules and regulations of social insurance by gender in the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

On-the-job Subscribers in the Private Sector

In 2022 on-the-job subscribers in the private sector was 96,948 for Saudi men and 36,491 for non-Saudi men. On-the-job subscribers was 7,444 for saudi women and 692 for non-Saudi women.

The graph shows on-the-job subscribers in the private sector by gender and nationality in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Structural Business

Economic Establishments

In 2018, there were 670 establishments registered in the Mining and quarrying sector, of which 10.4% had less than 5 employees, 43.9% had between 5 and 19 employees and 45.7% had more than 20 employees.

The graph shows the annual distribution of establishments categorized by size based on the number of employees in the Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Revenues and Expenses

In 2024, the operating revenues reached ⃁ 1.1 trillion, while operating expenses amounted to ⃁ 126.3 billion, resulting in an operating surplus of ⃁ 876.6 billion for the year.

The graph shows the annual evolution of operating expenses and operating revenues, with the line representing the operating surplus each year.

Note: Sectors have been reclassified as per ISIC 4 standard.

Net Assets

In 2017 net assets reached an amount of ⃁ 38.2 billion, being lower in 9.7% compared to the previous year.

The graph shows the annual evolution of net assets in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Operating Revenues & Expenses in SMEs

In 2024, the operating revenues reached ⃁ 1.2 billion in micro establishments, while operating expenses amounted to ⃁ 472.3 million, generating a surplus of ⃁ 544.8 million.

The graph shows the annual evolution of operating expenses and operating revenues, with the line representing the operating surplus each year in Mining and quarrying sector for micro establishments.

Note: Sectors have been reclassified as per ISIC 4 standard.

Employee Compensation in SMEs

In 2024, micro enterprises of the Mining and quarrying sector spent ⃁ 186.0 million in employee compensation, while small enterprises spent ⃁ 367.3 million and medium-sized enterprises spent ⃁ 552.6 million. This amounts to a total of ⃁ 1.1 billion for the Mining and quarrying sector.

The graph shows employee compensation by enterprise size over the years in Mining and quarrying sector.

Note: Sectors have been reclassified as per ISIC 4 standard.

Business Demography

In 2024, the number of active enterprises in Mining and quarrying sector was 2,231.

The chart shows the number of Active Enterprises in Mining and quarrying sector by year.

Short-Term Business Indicators

In July 2026, the Operating Revenues Index in Mining and quarrying sector stood at 77.7.

The chart shows the monthly evolution of the Operating Revenues Index in Mining and quarrying sector.

Digital Economy

Digital Economy Indicators

According to the Digital Economy Survey carried out by the General Authority for Statistics in 2022, in the Mining and quarrying sector the use of purchasing cloud computing services (57.2%) and using systems or devices connected to the Internet (56.5%) are highlighted as the most relevant indicators of adoption and use of the digital economy.

The graph shows the percentage of establishments in the Mining and quarrying sector according to indicators of use and adoption of the digital economy.

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