Skip to content
The Nexus
DossierENTITY

non-oil economy

Coverage of non-oil economy in the Nexus archive.

Earliest in view: Jul 8 · 12:38 UTCMost recent: Jul 30 · 14:59 UTC
Co-mentioned in this coverage
Saudi Arabiaplace2oil pricestopic2IMForganization1Strait of Hormuzplace1Oil Outputtopic1Capital Economicsorganization1Saudi governmentorganization1
Recent coverage
  • BUSINESSJul 30 · 14:59 UTCSEMAFOR
    Saudi economy shrinks in second quarter with hit to oil output

    Saudi Arabia's GDP contracted 4.8% in Q2 due to reduced oil output from the Strait of Hormuz closure, the sharpest decline since the pandemic. The non-oil economy grew 0.6% annually, while the IMF noted resilience but warned of economic uncertainty.

  • BUSINESSJul 8 · 12:38 UTCSEMAFOR
    Saudi debt forecast to rise sharply

    Saudi Arabia’s debt is projected to rise to 60% of GDP by 2030, according to Capital Economics, due to potential declines in oil prices. The Saudi government forecasts a lower debt level of 33% of GDP by 2028, citing investments in economic transformation projects and non-oil growth.