Macroeconomic Outlook Report: Saudi Arabia

Macroeconomic Outlook Report: Saudi Arabia

Summary

Mining, manufacturing, and utilities contributed 41.2% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (13.3%) and wholesale, retail, and hotels (10.9%). In nominal terms, the three sectors are forecast to grow by 2.4%, 3.7%, and 4.0%, respectively, in 2025.

In 2024, Riyadh was home to 21.6% of Saudi Arabia’s population, and accounted for 22.2% of total GDP, according to GlobalData’s Cities database.

As of February 2025, Saudi Arabia's Ministry of Economy and Planning announced that infrastructure investments are projected to reach approximately $1 trillion by 2030. This growth is driven by clear economic objectives and private sector strategies, with the Public Investment Fund (PIF) playing a central role in establishing strategic companies.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction.
• Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.