Unemployment rate among Saudis hits 8.5% in Q1 2023

29/06/2023 Argaam Special


The Kingdom of Saudi Arabia's flag


The unemployment rate among Saudis increased to 8.5% in the first quarter of 2023, compared to 8% in the fourth quarter 2022, according to the General Authority for Statistics’ (GASTAT) labor force survey. 

 

Meanwhile, the overall unemployment rate in the Kingdom (Saudis and non-Saudis) reached 5.1% in Q1 2023, compared to 4.8% in Q4 2022.

 

Among Saudi females, the participation rate reached 36% in the three-month period.

 

The employment-to-population ratio of Saudis declined to 48% on a quarterly basis in the same period.

 

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%

 

Saudis account for 52.6% and 47% of the labor force in the public and private sectors, respectively. On the other hand, non-Saudis employed in the private sector made up 68.1%.

 

Employees by Nationality and Sector in Saudi Arabia

Sector

Saudis

Non-Saudis

Total

Public Sector

52.6%

3.7%

27.4%

Private Sector

47.0%

68.1%

57.8%

Other Sectors

0.4%

28.1%

14.6%

Unspecified

0.1%

0.2%

0.1%

Total

100%

100%

100%

 

Details and historical data for macroeconomic 

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.