Economic updates
Our in-depth, independent reports cover the macroeconomic environment, the Saudi government’s annual budget, and Saudi Arabia’s monetary and financial developments, labor market, and inflation.
Macroeconomic update – November 2018
Macroeconomic reportThe fundamentals of Saudi economy remain unaltered and we expect solid growth in the next few years. Accordingly, we still expect the economy to grow by 2.2 percent in 2018 (compared to -0.9 percent in 2017), with an improvement in the oil sector lifting oil GDP to 3.2 percent in 2018.
![report image](/sites/default/files/2022-01/report-macroeconomic_39.jpg)
![report image](/sites/default/files/2022-01/report-monthly-chartbook_90.jpg)
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Inflation Update – October 2018: (Mild pick-up in inflation rates)
The latest General Authority for Statistics (GaStat) inflation release for October shows that prices rose by 2.4 percent year-on-year, and declined by 0.3 percent month-on-month.