https://vision2030.ai/tags/government-finance/Recent content in Government-Finance on SAUDI VISION 2030 Intelligence PlatformHugoenSat, 18 Apr 2026 00:00:00 +0000https://vision2030.ai/tracker/kpis/non-oil-revenue/Sun, 22 Feb 2026 00:00:00 +0000https://vision2030.ai/tracker/kpis/non-oil-revenue/<h2 id="non-oil-revenue-kpi-tracker-status">Non-Oil Revenue KPI Tracker Status</h2> <p><strong>On Track (with challenges)</strong> — This non-oil revenue KPI tracker follows Saudi Arabia&rsquo;s fiscal diversification from SAR 163 billion in 2016 to approximately SAR 450 billion in 2024. Growth has been driven primarily by VAT, excise taxes, fees, and investment income, but the <a href="https://vision2030.ai/encyclopedia/vision-2030/">Vision 2030</a> SAR 1 trillion target remains distant.</p> <h2 id="key-metrics">Key Metrics</h2> <table> <thead> <tr> <th>Metric</th> <th>Value</th> </tr> </thead> <tbody> <tr> <td>Baseline (2016)</td> <td>SAR 163B</td> </tr> <tr> <td>Revenue (2019)</td> <td>SAR 270B</td> </tr> <tr> <td>Revenue (2020)</td> <td>SAR 282B</td> </tr> <tr> <td>Revenue (2022)</td> <td>SAR 370B</td> </tr> <tr> <td>Latest (2024 est.)</td> <td>SAR 450B</td> </tr> <tr> <td>Target 2030</td> <td>SAR 1T</td> </tr> <tr> <td>Gap to 2030 Target</td> <td>SAR 550B</td> </tr> <tr> <td>Non-Oil Share of Total Revenue</td> <td>~38%</td> </tr> <tr> <td>Key Sources</td> <td>VAT, fees, investment income</td> </tr> </tbody> </table> <h2 id="trend-analysis">Trend Analysis</h2> <p>Saudi Arabia&rsquo;s non-oil revenue transformation has been one of the most consequential fiscal reforms in the Kingdom&rsquo;s history. From SAR 163 billion in 2016 — when non-oil revenue consisted primarily of fees, investment returns, and modest income from government services — the Kingdom has nearly tripled collections to an estimated SAR 450 billion by 2024. This growth reflects a fundamental restructuring of the fiscal framework through the introduction of new revenue instruments and the expansion of existing ones.</p>