Saudi Arabia: 2025 Article IV Consultation-Press Release; and Staff Report

August 4, 2025-Summary
As its economic diversification advances, Saudi Arabia has shown strong resilience to external shocks. Non-oil economic activities continue to expand, inflation is contained, and unemployment has fallen to record-low levels.

While lower oil proceeds and investment-linked imports led to the emergence of twin deficits, the country maintains ample external and fiscal buffers.