Saudi Gazette report
RIYADH — The Worldwide Financial Fund (IMF) launched the Article IV Session Report for Saudi Arabia for 2025 on Thursday, highlighting the power of the Kingdom’s economic system. The report famous vital progress within the tourism sector, emphasizing its important function as a key driver of the nationwide economic system.
Based on the IMF report, worldwide tourism skilled substantial progress, which helped offset among the outflows from the Kingdom and contributed to decreasing the slight deficit within the present account for 2024.
This recognition underscores the regular and fast progress of the tourism sector in establishing itself as a big financial engine, thereby enhancing the expansion of the nationwide economic system and supporting the aims of Saudi Imaginative and prescient 2030.
In 2024, the variety of vacationers arriving within the Kingdom reached a historic excessive of roughly 30 million, reflecting an eight % enhance in comparison with 2023. Moreover, worldwide vacationer spending reached SR169 billion in 2024, rising by 19 % in comparison with 2023, as reported within the annual statistical report on the efficiency of the tourism sector for 2024.