A recent study by the King Abdullah Petroleum Studies and Research Center (KAPSARC) concluded that Saudi Arabia’s gross domestic product will become 60 percent more resilient to shocks, including fluctuations in oil prices, by 2030.
According to the study, which used standard models, the economic reforms of Vision 2030 will help make household spending in Saudi Arabia 40 percent less vulnerable to fluctuations, with expectations that it would contribute to stabilizing economic activity, increasing employment rates, per capita income and social welfare levels.
