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Non-oil economy accounted for 50% of GDP last year — a record high
Non-oil activity rose 4.4% y-o-y last year
S&P affirms Kingdom’s A/A-1 rating with stable outlook
A growing non-oil sector investment and solid growth in consumption will help keep overall GDP growth at 3.3% on average…
Consumer prices rose again in February
Producer prices rose 3.1% y-o-y last month
Real GDP shrank last year under the weight of oil production cuts
The government had estimated that GDP would increase 0.03% in 2023
IMF Executive Director Mahmoud Mohieldin on the regional and global outlook for 2024
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
Non-oil business activity rallies in February
Output came in at 61.5 in February, up from 58.1 in the previous month
Headwinds? What headwinds?
S&P Global also sees an increased oil-related real GDP growth as the “common theme” to look at in the GCC…
Global appetite for Saudi equities is high –EFG Hermes poll
Most respondents are bullish about investments this year
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