The Saudi Economy in 2024|25

Saudi Economy Watch 2024 - PwC

The Kingdom of Saudi Arabia is steadily advancing its economic diversification efforts while transitioning towards a more sustainable future ...

Saudi Arabian economic growth to accelerate in 2025 as oil taps open

The Oct. 9-22 Reuters poll of 21 economists forecast the Saudi economy would expand 4.4% in 2025, the fastest in three years, and up from an expected 1.3% this ...

IMF lowers Saudi Arabia's 2024 growth forecast to 1.5% - Reuters

The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2024 to 1.5% and estimated growth to accelerate ...

Saudi Arabia slashes growth forecasts, sees wider budget deficits

Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending ...

Saudi economy grows by 2.8% during Q3 of 2024

The General Authority for Statistics (GASTAT) released today the flash estimates of the real GDP growth rate for Q3 of 2024 on its official ...

2024 Investment Climate Statements: Saudi Arabia - State Department

The SAG is seeking foreign investment in burgeoning sectors such as infrastructure, tourism, entertainment, health and science, technology, and renewable ...

Saudi Arabia: Concluding Statement of the 2024 Article IV Mission

Saudi Arabia's unprecedented economic transformation is progressing well. Prudent macroeconomic policies, transformative changes—including ...

Saudi Arabia: Stagnated oil prices and production will weigh on the ...

The Saudi economy is likely to grow by +1.4% in 2024, much lower than previously expected.

IMF's 2024 Annual Assessment of Saudi Economy - YouTube

Saudi Arabia experienced robust non-oil growth of 3.8% in 2023, driven mostly by private consumption and investment.

IMF Executive Board Concludes 2024 Article IV Consultation with ...

They commended Saudi Arabia for its ongoing economic transformation, underpinned by sustained efforts to diversify the economy under Vision 2030 ...

Saudi Economic Chartbook - First Quarter 2024 - Riyad Capital

For 2024 and 2025, we expect the Saudi government to continue to pursue an expansionary fiscal policy in order to support the non-oil economy on its high growth ...

Saudi Ministry of Finance Announces Pre-Budget Statement for FY ...

Furthermore, the statement shed light on the most prominent expectations of 2024, including recording a real GDP growth of 0.8% in 2024, ...

Saudi Arabia - Index of Economic Freedom - The Heritage Foundation

Saudi Arabia's economic freedom score is 61.9, making its economy the 69th freest in the 2024 Index of Economic Freedom.

Saudi Arabia's trillion-dollar economy gains momentum, fueled by ...

While investment is forecasted to rise to 28 percent of GDP by 2030, up from 25 percent in 2016, economists say stronger foreign direct ...

Kingdom of Saudi Arabia Economic and M&A Market Trends for 2024

Despite a fall in M&A activity in the Kingdom in 2023, a positive economic outlook and a myriad of investment opportunities suggests a rebound in deal activity ...

BUDGET STATEMENT Fiscal Year 2024

The Saudi economy is witnessing a pivotal transformation based on an integrated system of economic and fiscal reforms to achieve the goals of. Saudi Vision 2030 ...

Economy of Saudi Arabia - Wikipedia

Economy of Saudi Arabia ; GDP growth. Decrease -0.8% (2023) · Increase 2.6% (2024f) · Increase 6.0% (2025f) ; GDP per capita. Decrease $28,364 (nominal; 2024)

AI is powering Saudi Arabia's next wave of economic growth - CNN

Saudi Arabia is betting big on AI to power its post-oil future, with the technology set to inject over $135 billion into the economy by ...

Saudi Arabia Gets Largest IMF Growth Cut Among Big Economies

Fund lowers kingdom's 2024 growth projection to 1.7% from 2.6% · Revision comes as Saudi Arabia extends its oil production cuts.

Saudi Arabia Economy, Politics and GDP Growth Summary

Real GDP will rebound in 2024, as a phasing-out of unilateral oil production cuts leads to a resumption of oil sector growth.