According to GlobalData, Saudi Arabia is the world’s twenty-seventh-largest producer of gold in 2023, with output up by 16% on 2022. Over the five years to 2022, production from Saudi Arabia decreased by a CAGR of 4% and is expected to rise by a CAGR of 6% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2030 report. Buy the report here.
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Saudi Arabia accounts for 0.38% of global production, with the largest producers being China, Russia, Australia and Canada.
Leading producers of gold in Saudi Arabia are Saudi Arabian Mining and Barrick Gold. During 2020-2021, Saudi Arabian Mining's output was down by 1%, Barrick Gold's output decreased by 7%.
For more detailed analysis of global gold mining, buy the report here.
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GlobalData’s Commodity Analyzer tracks production, consumption, imports and exports of 17 key commodities across 60 countries, whilst its Mines & Projects Database tracks over 30,000 mines and projects with 200+ data fields for each, including production, operating costs, equipment and key mine-site contacts.
