Unemployment in Saudi Arabia

Saudi Arabia Unemployment | Economic News & Forecasts

Saudi Arabia - Unemployment

The economy appeared to strengthen slightly in the second quarter as momentum in the non-oil private sector improved—the sector’s PMI reading averaged notably higher in Q2 than it did in Q1. Moreover, in June, the non-oil private sector PMI climbed to its highest reading in one-and-a-half years, supported by new orders from both within Saudi Arabia and abroad. The oil sector, however, had another downbeat performance in Q2, as production was down from the same period a year earlier; with OPEC+ countries deciding to extend collective oil production cuts until March 2020 on 1–2 July, the fortunes of Saudi Arabia’s oil sector are unlikely to improve in the short term. Meanwhile, the labor ministry announced on 26 July that certain hospitality jobs will soon be restricted to only Saudi citizens, in the latest attempt to decrease unemployment among natives.

Saudi Arabia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.7  5.9  5.7  5.6  5.9  

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Saudi Arabia Unemployment Chart

Saudi Arabia Unemployment
Note: Unemployment in % of active population.
Source: Central Department of Statistics and Information.

Saudi Arabia Facts

Bond Yield2.490.0 %Jun 23
Exchange Rate3.750.0 %Jul 31
Stock Market0.21.00 %Jul 31

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