Saudi Arabia Macroeconomic Developments
- Saudi Arabia’s non-oil exports increased by 18.1 percent YoY in December 2024, while re-exports rose by 23.4 percent during the same period. Overall merchandise exports declined by 2.8 percent, and imports grew by 27.1 percent YoY.
- The National Debt Management Center (NDMC) completed the issuance of an international euro-denominated bond under the Kingdom’s Global Medium-Term Note Issuance Program (GMTN), with a total value of €2.25 billion (SAR8.86 billion). The green tranche, valued at €1.5 billion (SAR5.90 billion), was issued for a 7-year bond maturing in 2032. The second tranche amounted to €750 million (SAR2.96 billion) for a 12-year bond maturing in 2037.
