Unemployment rate among Saudis down to 8.3% in Q2 2023

28/09/2023 Argaam Special

Unemployment rate among Saudis down to 8.3% in Q2 2023

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The unemployment rate among Saudis fell to 8.3% in the second quarter of 2023, compared to 8.5% in the first quarter of 2023, according to the General Authority for Statistics’ (GASTAT) labor force survey.  

  

The employment-to-population ratio of Saudis declined to 47.4% on a quarterly basis in Q2 2023. 

  

The participation rate of Saudi women retreated to 35.3% in the three-month period. 

  

Meanwhile, the overall unemployment rate among population in working age reached 4.9% in Q2 2023, compared to 5.1% in Q1 2023. 

  

The following table illustrates the changes in unemployment in Saudi Arabia: 

 

Unemployment Rate in Saudi Arabia

Period

Unemployment rate

Unemployment rate among Saudis

Q1 2017

5.8 %

12.7 %

Q2 2017

6.0 %

12.8 %

Q3 2017

5.8 %

12.8 %

Q4 2017

6.0 %

12.8 %

Q1 2018

6.1 %

12.9 %

Q2 2018

6.0 %

 12.9%

Q3 2018

6.0 %

 12.8%

Q4 2018

6.0 %

 12.7%

Q1 2019

5.7 %

12.5%

Q2 2019

5.6 %

12.3 %

Q3 2019

5.5 %

12.0 %

Q4 2019

5.7 %

12.0 %

Q1 2020

5.7 %

11.8 %

Q2 2020

9.0 %

15.4 %

Q3 2020

8.5 %

14.9 %

Q4 2020

7.4 %

12.6 %

Q1 2021

6.5 %

11.7 %

Q2 2021

6.6 %

11.3 %

Q3 2021

6.6 %

11.3 %

Q4 2021

6.9 %

11.0 %

Q1 2022

6.0 %

10.1 %

Q2 2022

5.8 %

9.7 %

Q3 2022

5.8 %

9.9 %

Q4 2022

4.8 %

8.0 %

Q1 2023

5.1 %

8.5 %

Q2 2023

4.9 %

8.3 %

 

 

Saudis accounted for 52.1% and 47.3% of the labor force in the public and private sectors, respectively. On the other hand, non-Saudis employed in the private sector made up 70.1%. 

 

Employees by Nationality and Sector in Saudi Arabia

Sector

Saudis

Non-Saudis

Total

Public Sector

52.1 %

3.7 %

27.2 %

Private Sector

47.3 %

70.1 %

59.0 %

Other Sectors

0.4 %

26.1 %

13.6 %

Unspecified

0.3 %

0.1 %

0.2 %

Total

100 %

100 %

100 %

 

Details and historical data for macroeconomic 

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