Economic
IMF Raises Saudi Arabia's 2026 Growth Forecast to 4.5%
The International Monetary Fund upgrades Saudi Arabia's projected economic growth for 2026 to 4.5%, reflecting stronger oil output and robust non-oil sector performance.
The International Monetary Fund has raised its 2026 growth forecast for Saudi Arabia to 4.5%, up 0.5 percentage points from earlier estimates, following gains from higher oil production and strong non-oil activity. This adjustment underscores the success of Vision 2030 reforms and high government spending on infrastructure and mega-projects. The IMF cited resilient non-oil growth, increased private‑sector participation, and buoyant consumer spending as key drivers. The upgrade reinforces Saudi Arabia's shift toward a more diversified, less oil‑dependent economy that can withstand global and regional shocks while maintaining fiscal stability.
- Status
- active
- Location
- Riyadh, Saudi Arabia
- Date added
- 2026-03-31 15:00 UTC
- Added by
- bodglobalapdrt
- Last updated
- 2026-03-31 15:00 UTC
- Source
- Arab News
- Connected threats
- Not provided