RIYADH: Saudi Arabia’s non-profit organizations posted a 22 percent rise in revenue in 2024, reaching SR73.1 billion ($19.48 billion) as activity accelerated across the education, health and cultural sectors, according to new government data.
The General Authority for Statistics said education and research groups accounted for 29 percent of total revenue, followed by health organizations at 24 percent and culture and recreation entities at 19 percent.
In March, a report by the King Khalid Foundation showed the non-profit sector’s economic contribution surpassed SR100 billion in 2024 for the first time, making up 3.3 percent of Saudi Arabia’s gross domestic product.
The figures align with Vision 2030’s target of lifting the sector’s contribution to 5 percent of GDP by 2030.
In its latest report, GASTAT stated: “Non-profit organization statistics indicate that total revenues in 2024 amounted to SR73.1 billion, while the revenues of the non-profit sector amounted to SR60 billion in 2023.”
