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Eye of Riyadh
Business & Money | Thursday 29 June, 2023 7:01 pm |
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Unemployment rate among Saudis hits 8.5% in Q1 2023

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%

 

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