Saudi Arabia is projected to post the fastest economic growth among G20 economies in 2027, with real GDP expected to expand by 7.9%, The projection points to the Kingdom's non-oil sectors and private-sector momentum as the main engines behind the outlook.
The forecast attributes the expected growth to strong private-sector activity, a widening range of non-oil industries, continued regulatory reforms, and growing investment opportunities across the economy. It is important to note that the 7.9% figure is a forecast and not an achieved growth rate.
Recent data underlines the shift already under way. Non-oil activities accounted for 57.3% of real GDP in the first half of 2026, reflecting the increasing weight of sectors beyond oil in the national economy. For the full year 2026, non-oil activity growth has been projected at 3.2%.
Why it matters
For residents and businesses across the Kingdom, a more diversified economy signals broader job opportunities, stronger demand for services, and a steadier base for long-term planning. The continued expansion of non-oil industries aligns with the goals of رؤية السعودية 2030, which places economic diversification at its core.
The combination of regulatory reform and rising investment opportunities is also aimed at making it easier for companies to establish and grow in the Kingdom, potentially supporting new entrants to the market and expanding options for workers and consumers alike in cities such as الرياض and جدة.
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