The Saudi economy will cross the $1 trillion mark this year, Oxford Economics.

 Oxford Economics expects the Saudi economy to cross the trillion-dollar mark for the first time this year.

According to Al Arabiya Net, Oxford Economics pointed out that the growth rate of Saudi Arabia's national product will reach 7.5 percent during 2022.

It should be noted that the International Monetary Fund has previously expected that Saudi Arabia's growth rate will remain in the range of 7.6% this year.

One of the main goals of Saudi Vision 2030 is for the kingdom to become one of the fifteen largest economies in the world by 2030 and to achieve a target of $1.7 trillion in gross national product.

The Saudi Department of Statistics has projected that Saudi Arabia's real GDP growth rate will be 11.8 percent in the second quarter of 2022.