IMF ups Saudi Arabia’s 2025 GDP growth forecast to 4%
Saudi Arabia’s economy is expected to grow more robustly in 2025 after the International Monetary Fund (IMF) revised its projections upward. According to Reuters, the IMF now forecasts a 4 % growth rate, up from earlier estimates, citing stronger oil output and resilient non-oil sectors.
The revision follows upward oil price revisions and increased production plans among OPEC+ members. Saudi Arabia, as the largest crude producer within the bloc, benefits directly from these shifts. The IMF also pointed to improved fiscal stability and continued reforms in non-oil sectors, such as tourism and logistics, as contributing factors.
Economists note that while oil revenues drive much of the increase, the Kingdom’s emphasis on diversification under Vision 2030 supports more balanced growth. The upward revision signals improved market confidence and may attract further foreign and domestic investment in sectors like renewable energy, transportation infrastructure, and technology.
References & Source
Reuters — “IMF ups Saudi Arabia’s 2025 GDP growth forecast to 4%”
Link: https://www.reuters.com/business/energy/imf-ups-saudi-arabias-2025-gdp-growth-forecast-4-oil-output-rises-2025-10-14/