Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Tourism and Entertainment – April 2018
With its varied geography and young population, Saudi Arabia shows huge potential for tourism and entertainment in the region. Vision 2030 has emphasized economic diversification, and tourism is seen to be a vital aspect in achieving that goal.
The Saudi Economy in 2018
Macroeconomic reportWe expect an improvement in the Saudi economy in the year ahead, supported by both the oil and non-oil sector. Oil sector GDP is expected to improve, in part, due to rises in oil production as OPEC and non-OPEC countries gradually exit from cuts at some point during the year. Growth in the non-oil sector is forecasted to improve as an expansionary budget, with a specific set of stimulus packages, lifts activity.
