World Bank upgrades forecast for Saudi GDP growth to 3.2% in 2025

10:50 AM (Mecca time) Argaam
Saudi Arabia GDP growth is projected at 3.2% in 2025 and 4.3% in 2026, according to the World Bank

Saudi Arabia GDP growth is projected at 3.2% in 2025 and 4.3% in 2026, according to the World Bank

The World Bank upwardly revised its forecast for Saudi Arabia’s economic growth in 2025 to 3.2%, up from its previous estimate of 2.8% made in April 2025.

 

However, the bank lowered its growth projection to 4.3% in 2026, down from the earlier forecast of 4.5%.

 

In its report, the World Bank attributed the significant growth improvement in 2025 over 2024 to higher oil production and robust non-oil sector growth, particularly in the services sector. It also expects growth momentum to accelerate further in 2026 and 2027.

 

According to data compiled by Argaam, the Saudi Ministry of Finance previously projected a 4.4% real GDP growth for 2025 and 4.6% for 2026 in its preliminary 2026 budget statement.

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