Saudi Arabia’s economic growth set to accelerate in 2025
Fastest growth rate in 3 years​
Saudi Arabia’s economy is projected to experience accelerated growth in 2025, driven by increased oil production and strategic investments. According to a Reuters poll of economists, the nation’s GDP is expected to expand by 4.4%, marking the fastest growth rate in three years. ​
The anticipated economic upturn is primarily attributed to Saudi Arabia’s decision to increase oil production beyond its previous cuts. This move aims to boost revenues and strengthen the Kingdom’s position in global energy markets.​
Beyond oil, Saudi Arabia continues to invest in diversifying its economy, with a focus on sectors such as tourism, entertainment, and technology. These efforts are part of the nation’s Vision 2030 initiative to reduce dependence on oil revenues and create a more sustainable economic future.​
The positive outlook for Saudi Arabia contributes to an optimistic economic forecast for the broader Gulf Cooperation Council (GCC) region. Neighbouring countries like the UAE, Qatar, Bahrain, Kuwait, and Oman are also expected to see varying economic growth, supported by developments in both the oil and non-oil sectors.​
Inflation rates in the region are projected to remain stable, with estimates ranging from 0.8% to 3.0%. Fiscal policies are expected to support growth, with continued investments in infrastructure and social programs to stimulate economic activity.
About Saudi Arabia
In the heart of the Middle East, Saudi Arabia is known for its vast deserts, rich history, and deep cultural heritage. It is the birthplace of Islam and home to the religion’s two holiest cities, Mecca and Medina, which attract millions of pilgrims each year.
Saudi Arabia’s economy is traditionally driven by oil, and it holds one of the world’s largest petroleum reserves. The country has undergone significant economic and social reforms in recent years through its Vision 2030 initiative.
This includes investments in tourism, entertainment, and technology. Riyadh, the capital, is a growing financial and cultural hub, while cities like Jeddah offer coastal charm along the Red Sea. Despite its conservative traditions, Saudi Arabia is gradually opening up to global influences, making it a unique blend of the ancient and the modern in today’s rapidly changing world.
Image: Saudi Arabia holds one of the world’s largest petroleum reserves. Credit: Lara Jameson
