1.4% for Saudi Arabia's economy in 2024

S&P Global has projected a modest growth rate of . This forecast follows a period marked by slow growth, particularly in 2023, where the country's GDP growth was only 0.1%, heavily influenced by decreased oil production.

The upcoming growth in 2024 is largely attributed to a projected recovery in the oil sector, which is expected to rise significantly due to increased production and higher prices. Additionally, non-oil sectors, particularly tourism, construction, and retail, are anticipated to experience growth as investments from the Vision 2030 initiative continue to shape the economy.