Unemployment Rate in Saudi Arabia decreased to 7.40 percent in the fourth quarter of 2020 from 8.50 percent in the third quarter of 2020. source: Central Department of Statistics and Information

Unemployment Rate in Saudi Arabia averaged 5.81 percent from 1999 until 2020, reaching an all time high of 9 percent in the second quarter of 2020 and a record low of 4.35 percent in the fourth quarter of 1999. This page provides - Saudi Arabia Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Saudi Arabia Unemployment Rate - values, historical data and charts - was last updated on June of 2021.

Unemployment Rate in Saudi Arabia is expected to be 8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Unemployment Rate in Saudi Arabia to stand at 8.00 in 12 months time. In the long-term, the Saudi Arabia Unemployment Rate is projected to trend around 7.50 percent in 2022, according to our econometric models.

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Saudi Arabia Unemployment Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.40 8.50 9.00 4.35 1999 - 2020 percent Quarterly

Saudi Arabia Labour Last Previous Highest Lowest Unit
Unemployment Rate 7.40 8.50 9.00 4.35 percent [+]
Unemployed Persons 1002855.00 945323.00 1002855.00 437648.00 [+]
Population 35.00 34.22 35.00 4.04 Million [+]
Labor Force Participation Rate 61.00 59.50 61.00 47.80 percent [+]
Employed Persons 13391.00 10085.90 13391.00 6167.00 Thousand [+]
Retirement Age Men 60.00 60.00 60.00 60.00 [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]


Saudi Arabia Unemployment Rate
In Saudi Arabia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.