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IMF Predicts 2027 Saudi Growth at 5.5%
The International Monetary Fund's report confirms that the Saudi economy remains strong and stable despite geopolitical challenges, supported by economic reforms and diversification of growth sources. Non-oil GDP grew by 4.2% in 2025, with projections indicating this acceleration will continue, reaching 5.5% in 2027. Meanwhile, the non-oil primary deficit decreased to 23.3%. Despite shipping disruptions caused by tensions in the Middle East, the economy demonstrated resilience by redirecting oil exports and increasing oil revenues, which helped reduce the fiscal deficit. Foreign reserves rose to $437 billion. The report also anticipates a slowdown in growth to 1.7% in 2026, while domestic demand remains supported, progress is made in the labor market, and female participation increases. However, external risks such as shipping disruptions and declining oil prices pose potential threats.
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