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Saudi Arabia’s advancement in the World Bank Statistical Performance Indicator (SPI) 2024 sends a strong signal to global businesses: the Kingdom’s institutional readiness, data transparency, and policy execution capacity are accelerating under Vision 2030.
With an SPI score of 83.3% in 2024, up from 81.5% in 2023, Saudi Arabia:
- Retained 1st place in the Arab region
- Rose to 11th among G20 countries
- Ranked 51st globally out of 188 countries
For businesses and investors, this improvement is not symbolic it reflects lower information risk and higher decision certainty in the Saudi market.
Why SPI Rankings Matter for Businesses
The SPI measures how effectively countries produce, manage, and use data across five pillars, including data services, sources, and infrastructure. These capabilities directly influence:
- Regulatory clarity
- Market forecasting accuracy
- Policy predictability
- Investment planning reliability
Saudi Arabia’s strong performance ranking in the top 20% globally across three pillars places it among economies where data supports execution, not just reporting.
A Data-Driven Foundation for Vision 2030 Growth
Vision 2030 depends on continuous monitoring of economic diversification, labor reforms, industrial localization, and non-oil GDP growth. Saudi Arabia’s SPI progress confirms that the data systems required to manage this transformation are now in place.
Notably, the Kingdom ranked:
- 6th among G20 countries in data services (93.2%)
- 7th among G20 in data sources
- 17th globally in data sources, up from 36th last year
This enables faster policy adjustments and clearer alignment between government strategy and private-sector execution.
Reduced Risk, Increased Opportunity
For international companies, strong national statistics translate into:
- Better demand forecasting
- More reliable sector data
- Transparent performance tracking
- Stronger alignment with global reporting standards
This environment supports expansion across priority Vision 2030 sectors such as manufacturing, logistics, technology, healthcare, tourism, and clean energy.
Strategic Signal to Global Markets
Saudi Arabia’s SPI advancement reinforces its positioning as a stable, reform-driven G20 economy. It strengthens confidence among:
- Multinational investors
- Development institutions
- Strategic partners and joint ventures
Reliable data governance is increasingly a prerequisite for cross-border capital flows and Saudi Arabia is now firmly aligned with that expectation.
Conclusion
Saudi Arabia’s SPI 2024 performance confirms that Vision 2030 growth is being managed with precision, transparency, and global best practices. For businesses, this signals a market where decisions are informed, reforms are measurable, and opportunities are structured for long-term participation.
As Vision 2030 progresses, strong statistical performance will continue to be a quiet but decisive driver of Saudi Arabia’s economic competitiveness.
