🇸🇦 Saudi Arabia — Weekly Briefs

Saudi Crude Exports Recover to 90% Pre-War Levels; First Current Account Surplus in Nearly Two Years

Saudi Arabia's oil exports rebounded sharply to 90% of pre-war rates by early July, while the kingdom recorded its first current account surplus in nearly two years on July 2. Non-oil activity remained resilient amid regional normalization, supporting a 3% Q1 GDP print and upward adjustments to 2026 growth forecasts. These developments highlight ongoing diversification efforts under Vision 2030 despite fiscal pressures from prior deficits.