Macro - Country Economic Forecasts - Saudi Arabia
Non-oil GDP growth will remain the key driver of Saudi Arabia's economic expansion next year. Strong PMI readings, higher government spending, accommodative monetary policy, and contained inflation create favourable conditions for higher investment and consumption in 2025. Overall, we project non-oil GDP growth of 5.8% in 2025, after an estimated 4.5% expansion this year. We expect overall GDP growth will reach 3.9% in 2025, improving from 1.4% in 2024.
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