Saudi Arabia Heads Into 2027 With Strong Recovery, More Diverse Growth Drivers
Saudi Arabia enters 2027 with a markedly different fiscal outlook, forecasting a strong economic recovery after a contraction linked to lower oil production, while its expanding non-oil economy increasingly cushions the impact of oil-related shocks. The preliminary budget statement projects real GDP growth of 12.8 percent in 2027, following an expected contraction of 3.6 percent in 2026, alongside a budget deficit estimated at 3.6 percent of GDP.
