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.
The Saudi Economy in 2023
Macroeconomic reportDriven by sustained impulses from both investment and consumption, we expect Saudi Arabia’s non-oil economy to continue growing well in excess of 5 percent in 2023. Overall GDP growth is set to slow to 2.8 percent from last year’s world-leading 8.7 percent as oil production is reined in.
