Business · Economy · 14 hrs ago
Saudi Arabia forecast to lead G20 growth in 2027 at 7.9%
The IMF forecasts Saudi Arabia will lead G20 growth in 2027 at 7.9%.
The estimate, released in October 2026, puts Saudi Arabia ahead of India at 7%, Indonesia at 5.1% and China at 4%.
These are forecasts, not confirmed results, for the economies of the Group of 20 major economies.
Saudi Arabia’s Ministry of Investment says private-sector momentum and expanding non-oil activities are supporting the expected growth.
The ministry says this could help make the economy more diverse and attractive to investors.
The figures describe expectations for 2027, and no further policy steps or changes are given.
The International Monetary Fund forecasts Saudi Arabia will have the fastest economic growth among G20 economies in 2027, at 7.9%.
India is forecast to grow by 7%, followed by Indonesia at 5.1% and China at 4%.
Saudi Arabia’s Ministry of Investment said private-sector momentum and expanding non-oil activities support the forecast.
The IMF raised its Saudi growth estimate from 5.5% in July, an increase of 2.4 percentage points.
Economists cited regulatory and economic reforms, while saying the longer-term challenge is sustaining growth and increasing productivity.
- Who
- Saudi Arabia is forecast to lead G20 economies in growth. The IMF issued the forecast.
- What
- The IMF projects Saudi economic growth of 7.9% in 2027, the highest among G20 countries.
- When
- The forecast is for 2027 and was reported on October 21, 2026.
- Where
- Saudi Arabia and the other G20 economies.
- Why
- The Ministry of Investment cited private-sector momentum and expanding non-oil activities. Experts also pointed to economic reforms and investment.
This story does not have two clearly opposing sides.
The IMF’s earlier estimate for Saudi Arabia’s growth was 5.5%.
The IMF raised its Saudi growth forecast to 7.9%, an increase of 2.4 percentage points.
Asharq Al-Awsat and Okaz reported that Saudi Arabia was forecast to lead G20 growth in 2027.
- Saudi Arabia growth forecast
- 7.9% in 2027
- India growth forecast
- 7% in 2027
- Indonesia growth forecast
- 5.1% in 2027
- China growth forecast
- 4% in 2027
- Previous Saudi estimate
- 5.5% in July 2026
2 sources
What people are saying
The main challenge is to turn economic expansion into long-term productivity gains, by increasing the efficiency of national businesses, strengthening non-oil exports, developing skills, and raising the contribution of private investment independent of government spending.
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آفاق واعدة للاقتصاد السعودي: يعكس تصدّر المملكة توقعات النمو لدول مجموعة العشرين في 2027 بنسبة 7.9% قوة الاقتصاد ومرونته، ويفتح آفاقًا أوسع للاستثمار والنمو، مدعومًا بزخم القطاع الخاص وتوسع الأنشطة غير النفطية، نحو اقتصاد أكثر تنوعًا واستدامة وجاذبية للاستثمار.