Saudi Arabia: 2024 Article IV Consultation-Press Release; and Staff Report

Saudi Arabia: 2024 Article IV Consultation-Press Release; Staff Report; and Informational Annex
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Volume/Issue: Volume 2024 Issue 280
Publication date: September 2024
ISBN: 9798400288043
$20.00
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Exports and Imports , Economics- Macroeconomics , Public Finance , totaling SDR , PRGT loan resource , PRGT subsidy resource , about SDR , deposit of SDR , Foreign direct investment , Oil prices , Women , Global

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Summary

Saudi Arabia’s unprecedented economic transformation is progressing well. Strong domestic demand is keeping non-oil growth robust while unemployment is at record lows. Inflation is contained and the current account surplus is rapidly narrowing. The recalibration of the authorities’ investment plans would help reduce overheating risks and pressures on fiscal and external accounts.