Macro - Country Economic Forecasts - Saudi Arabia

We expect the 10% US tariff on Saudi Arabia, currently paused for 90 days, to have only a limited domestic economic impact. Energy exports – over 85% of Saudi exports to the US – are exempt, and the US accounted for just 8% of total Saudi exports in 2023.


Saudi Arabia: Muted tariff impact, rising oil output to support growth
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
Background
Economic development
Structure of the economy
Politics
Economic policy

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