Unemployment Rate in Saudi Arabia averaged 5.71 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 October of 2020.
Unemployment Rate in Saudi Arabia is expected to be 7.50 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 5.50 in 12 months time. In the long-term, the Saudi Arabia Unemployment Rate is projected to trend around 5.60 percent in 2021 and 5.50 percent in 2022, according to our econometric models.