Unemployment Rate in Saudi Arabia decreased to 5.80 percent in the second quarter of 2022 from 6 percent in the first quarter of 2022. source: Central Department of Statistics and Information

Unemployment Rate in Saudi Arabia averaged 5.88 percent from 1999 until 2022, 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 December of 2022.

Unemployment Rate in Saudi Arabia is expected to be 6.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Unemployment Rate is projected to trend around 6.00 percent in 2023 and 5.50 percent in 2024, according to our econometric models.

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Saudi Arabia Unemployment Rate

Related Last Previous Unit Reference
Unemployment Rate 5.80 6.00 percent Jun 2022
Unemployed Persons 1015820.00 945387.00 Mar 2020
Labor Force Participation Rate 60.80 60.40 percent Jun 2022
Employed Persons 9786.90 9654.80 Thousand Dec 2021

Saudi Arabia Unemployment Rate
In Saudi Arabia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force.
Actual Previous Highest Lowest Dates Unit Frequency
5.80 6.00 9.00 4.35 1999 - 2022 percent Quarterly