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.
Macroeconomic Update – March 2020: (COVID-19 changes everything, for now)
Macroeconomic reportWe expect economic growth in Saudi Arabia to improve in 2020 as both the oil and non-oil sectors contribute to overall growth. Latest full year GDP data for 2019 showed that the economy just about managed to record growth at 0.3 percent, but we expect this to improve significantly in the year ahead, to 6.3 percent, primarily as a result of sizable rises in yearly crude oil production.
