GDP Archives

Real GDP growth to hit 1.5% this year -IMF

Inflation to settle at 1.7% in 2024

Non-oil activity led growth at 4.3%

The multilateral lender also warns of stresses on the Kingdom’s water resources

The lender expects strong growth in the country’s non-oil sector to offset oil GDP contraction

Saudi will bridge the budget deficit by tapping local and international debt markets

GDP growth next fiscal year is set to come from the non-oil sector and private sector contributions

Expansions in both oil and non-oil activities are expected to drive growth next year

Government-backed diversification initiatives are expected to be the main driver for growth next year

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