
Analysis by Region - Emerging Markets - Saudi Arabia
Description
We've revised our 2025 GDP growth forecast for Saudi Arabia up to 4.2% from 3.7% following a strong Q2 2025 flash estimate for real GDP growth. The flash estimate, published by GASTAT on July 31, revealed that GDP grew by 4.5% y/y in Q2. This was the strongest reading since Q1 2023, exceeding our previous forecast and market expectations. We now expect less carry-over into next year as a result of base effects from stronger-than-expected oil activities in Q2. Accordingly, we've lowered our 2026 GDP growth forecast to 4.8% from 5.3%.
Table of Contents
7 Pages
- Saudi Arabia: GDP flash estimate reveals strong growth in Q2
- 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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