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Saudi Arabia’s GDP set to reach 4.5% by 2027 amid robust non-oil growth

Saudi Arabia's gross domestic product growth is projected to pick up to 4.5 percent in 2027, according to an industry report.

A Middle East economic update from the Institute of Chartered Accountants in England and Wales projected a moderation in Saudi economic growth, from 4.5 percent in 2025 to 4.3 percent in 2026.

The non-oil sector shows robust strength, with the Purchasing Managers'Index soaring to 60.2 in October, its second-highest level since 2014, reflecting strong gains in output, new orders, and employment. 

"We expect non-oil activity to expand by 5 percent in 2026, from 4.6 percent this year, and accelerate to 5.3 percent year-on-year in 2027," the ICAEW added.

Source: Arab News