17 Hrs
Source:
الاقتصادية
Saudi Arabia's rapid G20 growth in 2027
International Monetary Fund reports anticipate that the Saudi economy will achieve a record growth rate of 7.9% in 2027, making it the highest among G20 countries. This comes after their forecast for 2026 was revised downward to a contraction of 3.3%, influenced by war impacts and a decline in oil production. Despite a 14% decrease in oil output to 7.9 million barrels per day until August, Saudi Arabia managed to maintain supply continuity through the East-West pipeline and alternative export routes. This reflects an economic resilience capable of overcoming geopolitical challenges. It is worth noting that IMF projections suggest that 2026 will be a difficult year, but the anticipated recovery in 2027 highlights the Kingdom’s ability to boost non-oil growth and position itself as one of the fastest-growing economies in the world, supported by ongoing expansive government spending and economic diversification.
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