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 - July 2025: (Economy performs well amid global headwinds)
Macroeconomic reportThe Saudi economy continued to grow robustly in the first half of 2025, despite external challenges from global trading uncertainty, lower oil prices and interest rates that remain high.
Q1 2025 Budget Statement: (The deficit widens due to lower oil prices)
Budget reportThe central government recorded a fiscal deficit of SR58.7 billion in Q1-25, as revenue declined by 10 percent year-on-year due to lower oil revenue, while spending was 5 percent higher.
Oil Market Update - May 2025: Oil prices under pressure
Oil market reportOil prices averaged $75pb in Q1-25, down from an average of $80pb in 2024. Prices declined sharply in April, with Brent briefly below $60pb, due to the sharp rise in US tariff rates and the OPEC+ decision to increase production by more than planned.
