RIYADH: Saudi Arabia’s agricultural sector grew at a rate of 7.8 percent in 2021 as compared to the previous year, the Saudi Press Agency reported on Monday.
The agricultural output during the period was valued at SR72.25 billion ($19.23 billion) — the highest in more than five years — as compared to SR67.05 billion in the previous year.
The Ministry of Environment, Water and Agriculture attributed this growth to its strategies implemented in line with Vision 2030. In addition to that recovery from the coronavirus disease pandemic also helped the sector’s growth, the ministry added.
The Kingdom’s agriculture output in 2017 was estimated at SR65.29 billion, around SR65.49 billion in 2018, and SR66.20 billion in 2019.
It recorded around SR67.05 billion in 2020, noting that the sector’s contribution to the gross domestic product in general amounted to 2.3 percent last year, while the contribution of agricultural output to non-oil GDP was 3.6 percent, an increase of 0.2 percent compared to 2020.
The ministry highlighted that the Kingdom’s balance of trade achieved a surplus of SR462.5 billion, an increase from the year 2020, which recorded SR134.5 billion, due to increased exports during 2021. The agricultural exports amounted to SR13.16 billion.