Saudi Arabia's inflation remains stable at 2%

Saudi Arabia's inflation rate remained steady at 2% in February 2025, the same as the previous year. This rate is among the lowest in G20 countries, measured by the Consumer Price Index, which tracks prices of 490 goods and services. S&P Global Ratings upgraded Saudi Arabia's credit rating to 'A+' from 'A', citing reforms in the economy and capital markets. The upgrade is expected to help the kingdom issue bonds at better rates. The Finance Ministry noted a need to borrow SAR139 billion ($37 billion) in 2025 to address the budget deficit. Real GDP growth is projected to average 4% from 2025 to 2028, driven by investment in construction and services.