According to the macroeconomic theory of sectors, the economy is divided into three main and large sectors:
The first sector focuses on the extraction of raw materials and includes mining companies, lumber companies, oil exploration companies, as well as agricultural industries and fishing.
The second sector relies on goods and their sale… Like this: (Automotive industry, furniture, clothing trade, etc.). As for the third sector, known as the “services” sector, it is the sector responsible for providing and producing services, relying essentially on intangible things. Like this: Entertainment, healthcare, transportation, hospitality, restaurants, and more. This theory suggests that as countries advance, their economies rely more on the third sector, unlike primitive countries, which depend largely on the first sector. For example, in the United States, the service sector makes up 85% of its economy.
Kingdom of Saudi Arabia:
The service sector is considered a large sector when we closely examine its activities. It includes: wholesale and retail trade, restaurants and hotels, transportation, storage, information and communications, financial services, insurance, real estate, business services, community, social, and personal services, and finally, government services. Below, we will present the key indicators of the sector in Saudi Arabia.
- The service sector’s contribution to Saudi Arabia’s GDP is about 48.2%.
- The activity of “wholesale and retail trade, restaurants, and hotels” contributes approximately 10.8% to the GDP.
- The activity of “transportation, storage, information, and communications” contributes approximately 6.6% to the GDP.
- The activity of “financial services, insurance, real estate, and business services” contributes 6.4% to the GDP.
- As for the activity of “collective, social and personal services”, its contribution to the gross domestic product was 2.5%.
- The activity of “government services” contributes 21.9% to the GDP.
The State of Qatar:
- The value of wholesale and retail trade activity in Qatar is estimated at approximately 50,083 million Qatari riyals.
- The number of establishments operating in wholesale and retail trade reaches 11,139, with 213,954 employees working in these establishments.
- The compensation for employees in the wholesale and retail trade activity has reached 11,288,877 thousand Qatari riyals.
- The number of establishments operating in the hotel and restaurant sector reaches 2,396, with 78,194 employees working in these establishments.
- The compensation for employees in the hotel and restaurant sector has reached 2,947,431 thousand Qatari riyals.
- The number of mobile phone subscribers in Qatar (regular subscription) is 976,015 individuals.
- The number of mobile phone subscribers (prepaid services) in Qatar is 2,941,556 individuals.
- The length of roads paved in the previous year in Qatar reached 2,224 kilometers.
- The number of driving licenses issued in the previous year was 242,923 licenses.
- Compensation of workers in the transportation and communications sector 24,338,223 thousand Qatari riyals.
- The number of insurance policies issued in the State of Qatar during the past year was 715,897 policies.
- The number of establishments operating in “business services” activities reached 4,973 establishments.
- The number of workers in “business services” activities is 215,285 workers.
- Compensation of workers in “business services” activities exceeds 15,347,819 thousand Qatari riyals.
- The number of workers in “social and personal services” activities in the private sector reaches 80,569 workers.
- The compensation for employees in the “social and personal services” activities in the private sector is estimated at approximately 6,127,645 thousand Qatari riyals.
State of Kuwait:
- Wholesale and retail trade contributes approximately 1,644.3 million Kuwaiti dinars to the country’s GDP.
- Restaurants and hotel activities contribute approximately 418.6 million Kuwaiti dinars to the GDP of Kuwait.
- Transportation, storage, and communication activities contribute approximately 2,554.5 million Kuwaiti dinars to the GDP.
- The length of paved roads in the State of Kuwait is 91,340,068 m2.
United Arab Emirates:
- Wholesale and retail trade, along with the repair of motor vehicles and motorcycles, contributes 12.3% to the GDP, amounting to 172,288 million AED.
- The transportation and storage activity contributes 5.9% to the GDP, amounting to 82,461 million AED.
- Accommodation and food services activities contribute 2.3% (AED 32,357 million).
- Information and communications activity contributes 2.9% (AED 41,347 million).
- The contribution of insurance activities to the GDP is estimated at 9.6% (AED 134,773 million).
- The number of insurance policies issued was 7,584,607 policies at the end of last year.
- Wholesale and retail trade activity accounts for 13% of the total workforce in the UAE.
- The transportation and storage activity accounts for 6.2% of the total workforce in the country.
- Accommodation and food service activities employ about 5% of the total workforce.
Sultanate of Oman:
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- The Sultanate’s GDP is 29.3 billion Omani riyals.
- Wholesale and retail trade contributes 7% to the GDP, amounting to OMR 2,064.7 million.
- Restaurant and hotel activities contribute 1.1% to the GDP, amounting to OMR 308.6 million.
- Transport, storage and communications activities contribute an estimated 5.9% to the GDP, amounting to OMR 1,721.2 million.
