Unemployment Rate in Saudi Arabia increased to 5.70 percent in the fourth quarter of 2019 from 5.50 percent in the third quarter of 2019.
Unemployment Rate in Saudi Arabia averaged 5.62 percent from 1999 until 2019, reaching an all time high of 6.30 percent in the fourth quarter of 2006 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 2020. source: Central Department of Statistics and Information
Unemployment Rate in Saudi Arabia is expected to be 6.00 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 5.50 in 12 months time. In the long-term, the Saudi Arabia Unemployment Rate is projected to trend around 5.50 percent in 2021, according to our econometric models.