Economic Affairs Council Meeting – Al-Marsad Details
- The Economic Affairs and Growth Council of Saudi Arabia convened on September 30, 2025, to assess the Kingdom's economic health, reviewing key indicators and reports on GDP, trade,...
- The Council began by examining a report from the Ministry of Economy and Planning detailing the global economic landscape.
- The report emphasized the Saudi economy's flexibility and diversification efforts in support of the Kingdom's Vision 2030. Notably, non-oil activities now contribute 56% to the Kingdom's gross Domestic...
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Economic Council Reviews Saudi Arabia’s Economic Performance & Outlook (September 30, 2025)
Table of Contents
The Economic Affairs and Growth Council of Saudi Arabia convened on September 30, 2025, to assess the Kingdom’s economic health, reviewing key indicators and reports on GDP, trade, and price levels. The council formulated decisions and recommendations based on these analyses.
global Economic Conditions and Saudi arabia’s Resilience
The Council began by examining a report from the Ministry of Economy and Planning detailing the global economic landscape. The report highlighted international trade volume estimates for 2025 and the performance of major global economies.It also addressed ongoing external challenges impacting the Saudi national economy.
The report emphasized the Saudi economy’s flexibility and diversification efforts in support of the Kingdom’s Vision 2030. Notably, non-oil activities now contribute 56% to the Kingdom’s gross Domestic Product (GDP), signaling a successful shift away from oil dependency. The private sector also demonstrated continued improvement in performance.
Key Reports Reviewed by the Council
The Economic Affairs and Development Council reviewed a suite of reports, including:
- GDP and National Accounts: Extensive overview of the Saudi economy’s overall performance.
- Monthly Executive Summary of Foreign Trade: Analysis of import and export trends.
- Record for Consumer Prices: Monthly report detailing changes in the cost of goods and services for consumers.
- Record for Wholesale Prices: Monthly report tracking price fluctuations at the wholesale level.
The council based its decisions and recommendations on these reports, indicating a data-driven approach to economic policy.
Detailed Examination of Economic Indicators
While the specific data from the reports was not provided in the source text, we can outline the typical components and significance of each report type:
GDP and National Accounts
These reports, typically published by the General Authority for statistics in Saudi Arabia (General authority for statistics), provide a comprehensive picture of the Saudi economy.Key metrics include:
- Real GDP Growth: The percentage change in GDP adjusted for inflation.
- Nominal GDP: GDP measured at current prices.
- Sectoral Contributions: Breakdown of GDP by industry (e.g., oil, non-oil, manufacturing, services).
- Household Consumption: Spending by individuals and families.
- Government Spending: Expenditures by the Saudi government.
- Investment: Spending on capital goods (e.g., machinery, equipment, buildings).
- Net Exports: The difference between exports and imports.
Monthly Executive Summary of Foreign Trade
This report, also from the General Authority for Statistics, details Saudi Arabia’s international trade activity. Key data points include:
- Total Exports: Value of goods and services sold to other countries.
- Total Imports: