The International Monetary Fund (IMF) raised its forecast for Saudi Arabia’s economic growth to 4 percent for 2025, an increase of 0.4 percentage points from its previous estimate, amid expectations of continued economic recovery.
According to the IMF’s World Economic Outlook report, the estimates are based on the Saudi government’s announced policies in the 2025 budget, along with recent official statements. The estimates for oil export revenues are built on the report’s baseline oil price assumptions and on IMF experts’ understanding of production adjustments within the “OPEC+” agreement, in addition to Saudi Arabia’s announced unilateral cuts.
The IMF indicated that the faster-than-expected reversal of Saudi Arabia’s oil production cuts supported the upward revision of growth projections.
