Saudi Arabia Unemployment Rate - Forecast

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 6.00 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.


Saudi Arabia Unemployment Rate
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Saudi Arabia Labour Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 5.8 5.9 6 6 6 5.9
Unemployed Persons 736321 800000 800000 830000 800000 840000
Population 31.74 32.25 32.26 32.27 32.28 32.9
Retirement Age Men 62 62 62 62 62 61
Retirement Age Women 55 55 55 55 55 55
Labor Force Participation Rate 54.8 57.4 57.3 57.4 57.5 58.5
Employed Persons 11641 11245 11245 11784 11246 13090