The national gross product of Saudi Arabia is expected to grow by 1.3% in real terms in 2024 compared to the previous year. This growth indicates that the country's economy shows a certain recovery after difficulties caused by various factors such as the pandemic and the oil market collapse.
GDP growth is an important indicator of the country's economic development and may reflect the fact that the government measures undertaken to stimulate the economy are beginning to yield results. Moreover, similar growth may contribute to strengthening the investment attractiveness of Saudi Arabia on the global stage.
Experts suggest that the continuation of sustainable growth of the national GDP in the future may help strengthen the economic base of the country and create new jobs. Nonetheless, it is essential to consider global economic trends and adopt measures to mitigate potential risks that could slow down the growth rates of the economy.
