RIYADH: The International Monetary Fund has commended Saudi Arabia for its resilience to global shocks, citing its expanding non-oil sector, contained inflation, and record-low unemployment.
In its 2025 Article IV Consultation, the IMF recognized the Kingdom’s robust non-oil growth and strong reform momentum, crediting ongoing efforts under Vision 2030 for diversifying the economy amid heightened international uncertainty and declining oil revenues.
Saudi Arabia’s appraisal comes as neighboring Gulf economies face mixed outlooks amid global tensions.
The IMF highlighted the UAE’s robust non-oil growth, while Kuwait grapples with fiscal pressures from OPEC+ production cuts and a call for gradual consolidation. Qatar and Oman continue to advance diversification under their respective national visions, focusing on private sector growth and fiscal reforms.
Despite external shocks, the region’s ample reserves, structural reforms, and strong financial systems are seen as key stabilizing factors.
