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Analysis by Region - Emerging Markets - Saudi Arabia

Publisher Oxford Economics
Published Sep 23, 2025
Length 7 Pages
SKU # OFE20535983

Description

Saudi Arabia's economy expanded by 1.7% q/q in Q2, supportive of our full-year growth forecast of 4.2%, which remains unchanged since last month. Rising oil production underpinned the quarterly expansion, alongside gains in the utilities and petrochemical manufacturing sectors, which offset weaker government activity. We expect growth momentum to continue into next year, projecting an acceleration to 4.8% y/y in 2026.

Table of Contents

7 Pages
Saudi Arabia: Rising oil production will support growth this year
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
What to watch out for
Exposure to key global risks
Background
Economic development
Structure of the economy
Politics
Economic policy

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