Saudi Arabia Macroeconomic Developments
- Consumers in Saudi Arabia spent SAR247.2 million ($65.8 million) on electronics from Sept. 15 to 21, reflecting an 18.3 percent rise compared to the previous week. Spending in the hotels sector also rose, reaching SAR292.4 million ($78 billion), marking an 18.2 percent weekly increase.
- Saudi Arabia’s gross domestic product is projected to grow by 1.4 percent in 2024, with an acceleration to 5.3 percent in 2025, according to S&P Global’s latest analysis of emerging markets.
