Unemployment Rate in Saudi Arabia decreased to 5.60 percent in the second quarter of 2019 from 5.70 percent in the first quarter of 2019. Unemployment Rate in Saudi Arabia averaged 5.63 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.
Unemployment Rate in Saudi Arabia is expected to be 5.90 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 5.80 in 12 months time. In the long-term, the Saudi Arabia Unemployment Rate is projected to trend around 5.90 percent in 2020, according to our econometric models.