Saudi Arabia Macroeconomic Developments
- The International Monetary Fund further lowered its GDP growth forecast for Saudi Arabia for 2023 to 0.8 percent and estimated growth of 4 percent for 2024 in its latest World Economic Outlook Report.
- Saudi Arabia’s ports witnessed an annual growth of 11.6 percent to 732,293 cargo-handling containers in September. The number of containers exported last month increased 18.2 percent YoY to 234,663. Imported containers in September surged 17.1 percent to 217,933.
