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 5.60 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 5.8 5.9 5.9 5.9 5.6 5.9
Unemployed Persons 764825 758000 758000 704000 704000 790000
Population 31.74 32 32.24 32.25 32.26 32.9
Labor Force Participation Rate 55.1 56.8 57.1 57.4 57.3 58.5
Employed Persons 11641 11072 11072 11245 11245 13090
Retirement Age Men 62 62 62 62 62 62
Retirement Age Women 55 55 55 55 55 55