Saudi Arabia has announced the release of the annual report for Vision 2030 for the year 2025, revealing qualitative progress in the national transformation path. The report showed that 93% of the performance indicators have met their targets, with 950 initiatives completed out of 1290 since the launch of the vision.
The Kingdom is now entering the third phase of Vision 2030, which extends until 2030, following a decade of economic and social reforms that have reshaped the structure of the national economy. These reforms have solidified pathways for diversification and sustainable growth while maintaining long-term strategic goals and adapting implementation tools to meet the requirements of the phase.
Event Details
According to the report, 309 indicators out of 390 activated indicators have met or exceeded their interim targets. Meanwhile, 52 indicators are close to reaching their goals, with rates ranging from 85% to 99%. This reflects an accelerated pace of achievement across various sectors and enhances the effectiveness of the initiatives implemented.
Regarding initiatives, the total number of activated initiatives reached 1290, with 950 initiatives completed, while 225 initiatives are on track. Thus, the total of completed or on-schedule initiatives is about 90%, indicating efficiency in execution and follow-up.
Background & Context
The real GDP recorded a growth of 4.5% during the year 2025 compared to 2024, marking the highest annual growth rate in three years. At the same time, the contribution of non-oil activities surpassed half of the national economy, reflecting the success of economic diversification policies.
In the labor market, the unemployment rate among Saudis dropped to 7.2% by the end of 2025, compared to 12.3% at the end of 2016. This decline was driven by the growth of economic sectors and labor market reforms, while the inflation rate stabilized at 2.0%, enhancing economic stability.
Impact & Consequences
Social indicators have shown significant improvement, with an increase in the percentage of Saudi households owning their homes and an uptick in physical activity participation. Additionally, non-oil exports reached historic levels, supported by industrial sector growth and the development of logistics infrastructure.
Efforts in digital transformation of government services continued, with enhanced data availability and an expanded volunteer base, reflecting a widening scope of community participation. These developments indicate the Kingdom's commitment to achieving the goals of Vision 2030.
Regional Significance
In terms of credit ratings, major global agencies maintained their positive assessments of the Saudi economy. Moody's granted an A A 3 rating with a stable outlook, while Fitch and Standard & Poor's kept their A+ rating with a stable future outlook.
International institutions expect continued growth in the coming years, with the International Monetary Fund forecasting a growth rate of 3.1% in 2026 and 4.5% in 2027. These forecasts reflect the international community's confidence in the Kingdom's ability to achieve its economic and social goals.