Saudi Arabia Non-Oil Revenue

Sun, 22 Feb 2026 00:00:00 +0000

Saudi Arabia’s non-oil revenue KPI tracks how far the budget has shifted from oil income toward VAT, fees, customs and investment returns under Vision 2030.

The Kingdom began Vision 2030 with about SAR 163 billion in non-oil revenue and a target above SAR 1 trillion. By the mid-2020s, receipts exceeded SAR 400 billion annually, making the KPI a core test of fiscal diversification and budget resilience.

Baseline and Trajectory

At the launch of Vision 2030 in 2016, non-oil government revenue stood at approximately one hundred and sixty-three billion Saudi riyals, representing a modest share of total government income. By the mid-2020s, non-oil revenue has grown to over four hundred billion riyals annually, reflecting a compound annual growth rate that has few parallels among major oil-producing economies. This growth has been achieved through a combination of new taxes, expanded government fees, investment income, and proceeds from privatisation and asset monetisation.

Government Revenue on SAUDI VISION 2030 Intelligence Platform

Saudi Arabia Non-Oil Revenue

Baseline and Trajectory