Macro - Country Economic Forecasts - Saudi Arabia

Macro - Country Economic Forecasts - Saudi Arabia

We expect Saudi Arabia's economy will grow 1.6% in 2023 given a weaker global environment and oil output cuts. Revised official figures show the economy expanded 8.7% in 2022, with 15.4% in oil activity, 5.4% in non-oil growth, and 2.6% in government activity.

Saudi Arabia: Growth seen easing amidst further cuts in oil production
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Economic development
Structure of the economy
Economic Policy

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