Saudi Arabia’s Economic Progress
Saudi Arabia is undergoing a significant economic transformation. The nation is experiencing strong non-oil growth driven by robust domestic demand, while unemployment rates have dropped to historic lows. Inflation remains under control, although the current account surplus is decreasing rapidly.
Authorities are adjusting investment strategies to mitigate overheating risks and ease fiscal and external pressures.
Key Economic Topics:
- Balance of payments
- Foreign direct investment
- Oil prices
- Revenue administration
- Gender issues
- Women’s role in the economy
This report is part of the IMF Staff Country Reports series and provides a comprehensive analysis of Saudi Arabia’s economic status and future prospects.