Economy of Saudi Arabia - Wikipedia
With its absolute monarchy, large state sector, and supply of welfare benefits, the Saudi economy has been described asː. A bewildering (at least to outsiders) combination of a feudal fealty system and a more modern political patronage one.
Saudi Arabia's Economy Grows as it Diversifies - IMF
Sep 28, 2023 · Saudi Arabia’s economy is undergoing a transformation, as it implements reforms to reduce oil dependence, diversify income sources, and enhance competitiveness. This year marks an important juncture as the midpoint of Saudi Arabia’s ambitious Vision 2030 journey.
Saudi Arabia Economy Overview: Forecast & Reports
Saudi Arabia boasts the largest economy in the Middle East and North Africa (MENA) region, with a GDP of just over USD 1 trillion (around a quarter of the MENA total) and a population of over 30 million.
Saudi Arabia economy - economic indicators, 2024/2025 …
Nov 20, 2024 · The figures for Saudi Arabia's GDP per capita and nominal GDP show how its economy contracted in 2020 and 2023. Real GDP is now expected to grow in 2025. Growth in Saudi Arabia's non-oil GDP has been relatively stable over the past five years, while the Saudi oil GDP rate has fluctuated.
Kingdom of Saudi Arabia - DataSaudi
In the 2023, the real Gross Domestic Product (GDP) in Saudi Arabia was SAR 3.5 trillion (at constant prices). The economic activity with the highest real GDP registered in this period was Mining & Quarrying, with a total of SAR 917.8 billion, representing 26.5% of the total GDP.
Saudi Arabia’s economy to expand by 3.7% in 2025 ... - Arab News
Dec 17, 2024 · RIYADH: Saudi Arabia’s gross domestic product is expected to grow 3.7 percent in 2025, driven by a rise in the Kingdom’s non-oil activities, according to an analysis.
In the second edition of our Saudi Economy Watch, we explore the Kingdom’s progress towards these goals and its eforts to shape a more resilient future. The focus on sustainability is most evident in the signiicant expansion of renewable energy capacity.
The Report: Saudi Arabia 2024 - Oxford Business Group
Saudi Arabia’s economy is diversifying under Vision 2030, with strong growth in the digital economy and government-led giga-projects. While oil activity slowed in 2023, tourism income surged 38%, driving a record service trade surplus.
Saudi Economy Watch 2024 - PwC
Oct 27, 2024 · Saudi Arabia is establishing a manufacturing hub in King Abdullah Economic City, with a goal of producing 150,000 vehicles by 2026 and half a million vehicles by 2030, along with localisation of much of the component supply chain.
Economy of Saudi Arabia - Fanack
Oct 18, 2024 · An analysis of economic growth rates and Gross Domestic Product (GDP) from 2017 to 2023, as well as Saudi Arabia’s budget, financial deficit, and public debt levels, shows that the oil prices remain the main factor influencing …