Saudi to record second-fastest GDP growth rate among top economies in 2025: Crown Prince

A Cabinet session 

Crown Prince Mohammed bin Salman said that the Kingdom is projected to have the second-fastest GDP growth rate among major economies next year, estimated at 4.6%.

This growth is fueled by the increasing contribution of non-oil activities, which reached a record 52% in 2024, he added.

The Crown Prince also stated that the Kingdom’s net foreign investment inflows totaled SAR 21.2 billion in the first half of 2024, reflecting the government's commitment to supporting all segments of society, SPA reported.

Additionally, the unemployment rate for Saudis fell to a historic low of 7.1% by the second quarter, nearing the Vision 2030 target of 7%. The participation rate of Saudi women in the labor market rose to 35.4% until the second quarter, surpassing the vision's goal of 30%, the Crown Prince said.

Acknowledging the fact that the Saudi economy is an integral part of the global economy, the Crown Prince said that it is subject to global developments, like any other economy, and this necessitates continuous efforts to address global challenges, through long-term financial planning.

He added that the focus remains on achieving and implementing programs and initiatives while committing to efficient spending, and ensuring the meticulous and transparent execution of all budget items, and on completing the programs and projects outlined in Vision 2030, and the national and sectoral strategies.