Saudi Gazette report
RIYADH — The Worldwide Financial Fund (IMF) has revised its 2025 progress forecast for Saudi Arabia upward to three.6%, a 0.6 proportion level improve from its April estimate, pushed by anticipated positive aspects in oil revenues and continued momentum in non-oil sectors.
In its newest World Financial Outlook launched Tuesday, the IMF additionally raised Saudi Arabia’s projected progress for 2026 to three.9%, reflecting sustained financial reforms and diversification efforts beneath Imaginative and prescient 2030.
The up to date projections place Saudi Arabia among the many world’s fastest-growing main economies for the yr, following solely India (6.4%) and China (4.8%).
The Kingdom’s progress outlook additionally surpasses the Center East and North Africa regional common, which is forecasted at 3.4% for 2025.
The IMF famous that the Kingdom’s financial outlook is benefitting from a rebound in oil exercise, coupled with the continuing enlargement of non-oil industries akin to tourism, logistics, and manufacturing.