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Macro - Country Economic Forecasts - Saudi Arabia

Publisher Oxford Economics
Published Jul 03, 2025
Length 7 Pages
SKU # OFE20204928

Description

We have revised our 2025 GDP growth forecast for Saudi Arabia down to 3.5% from 5.2% previously, primarily due to the historical data revisions following GaStat’s rebasing of national accounts to a 2023 base year. Despite the downward revision, we continue to expect broad-based growth, with both the oil and non-oil sectors contributing positively.

Table of Contents

7 Pages
Saudi Arabia: GDP downgraded on rebase, but core drivers remain strong
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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