Saudi Arabia’s economy to expand 4.1% in 2027: OECD
- Saudi Arabia's GDP is projected to grow by 4.1% in 2027, outpacing the global economy, G20, and G7 countries according to the OECD.
- The Kingdom's growth rate marks a significant recovery from a projected 1.8% contraction in 2026, following an estimated growth of 4.6% in 2025.
- Global economic growth is expected to be 2.9% in 2026, driven by resilient activity in many countries despite challenges from the Middle East conflict.
- Saudi Arabia's inflation is projected to remain low at 1.8% in 2026 and 2.1% in 2027, indicating stability in the country's economy.
- The OECD forecasts G20 countries will see growth of 3.1% in 2026 and 3% in 2027, while major economies like the US and euro area are expected to grow at 2.2% and 1%, respectively.
- Global economic prospects are uncertain, reliant on resolving the Middle East conflict and facing risks such as prolonged energy shocks and agricultural impacts from climate events.
