The International Monetary Fund (IMF) is bullish on Saudi Arabia’s economy, bumping up its 2025 growth forecast for the second time in 2024. Their April “World Economic Outlook” report predicts a 6% growth rate for the Kingdom, exceeding the earlier January estimate of 5.5%.
This positive revision comes even as the IMF holds steady on its global growth forecast of 3.2%. As a result, Saudi Arabia is now expected to be the world’s second-fastest-growing economy in 2025, just behind India’s projected 6.5% growth.
The IMF report highlights the Saudi economy’s strength, praising its resilience and positive performance despite global hurdles. It also acknowledges the Kingdom’s success in diversifying its income sources, with non-oil revenue reaching record highs. These factors solidify Saudi Arabia’s growing leadership role on the regional and international economic scene.
The IMF’s revised forecast reflects continued confidence in Saudi Arabia’s economic path.
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