Saudi Arabia is forecasting real GDP growth of 4.6 per cent in 2026, supported by an expected increase in the output of non-oil activities.
In the Finance Ministry’s pre-budget statement, the projection for 2025 was set at 4.4pc, in light of the sustained performance of the economy in the first half of the year.
The report said the 2025 forecast “is driven by an estimated 5pc increase in non-oil activities, supported by increased domestic demands and improved employment rates, which contribute to increases in both private consumption and investment, while reinforcing the resilience of economic growth.”
The 2026 GDP forecast puts Saudi Arabia’s growth rate as exceeding the International Monetary Fund’s 3.1pc projection for the global economy, and ahead of the IMF’s figures for the USA, China, Japan and the euro area.
The ministry projects government revenues at 1.15 trillion riyals ($305.87 billion), expenditures at 1.13trn riyals, and a deficit of 166bn riyals for 2026.
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