Saudi Arabia Unemployment Rate 2020

About the business. Meanwhile unemployment among all residents remained unchanged at 5 7. Saudi arabia s economy contracted 7 in the second quarter of 2020 from a year earlier as the impact of the coronavirus pandemic hit hard saudi arabia s economy contracted 7 percent in the second quarter from a year earlier as unemployment hit its highest level on record illustrating the damage wrought by the oil market turmoil combined with the coronavirus pandemic.

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The data is reported by reported by ceic data.

Saudi arabia unemployment rate 2020. In addition unemployment rate among males and females stood at 8 1 and 31 4 respectively in the same period. The high unemployment rate in saudi arabia due to corona. Saudi arabia unemployment rate for 2018 was 6 04 a 0 15 increase from 2017.

Saudi arabia youth unemployment rate for 2018 was 28 84 a 1 99 increase from 2017. The saudi unemployment rate decreased to 11 8 percent in the first quarter of 2020 from 12 5 percent the same period in 2019 and compared to 12 percent in the last quarter of 2019. Saudi arabia youth unemployment rate for 2019 was 28 59 a 0 26 decline from 2018.

The unemployment rate among saudis rose to 15 4 quarter on quarter qoq in q2 2020 compared to 11 8 in q1 2020 according to data from the saudi general authority for statistics. Unemployment rate in saudi arabia increased to 9 percent in the second quarter of 2020 from 5 70 percent in the first quarter of 2020. Saudi arabia unemployment rate for 2017 was 5 89 a 0 24 increase from 2016.

National code of countries and nationalities. Unemployment as a percentage of the population. Mon 18 02 1442 05 oct 2020.

The unemployment rate among saudis dropped to 11 8 in q1 2020 compared to end of 2019 according to data from the saudi general authority for statistics. Saudi standard classification of occupations. Unemployment rate in saudi arabia averaged 5 71 percent from 1999 until 2020 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.

The data reached an all time high of 7 30 in dec 1991 and a record low of 4 34 in dec 1999. Youth unemployment refers to the share of the labor force ages 15 24 without work but available for and seeking employment. Saudi arabia s unemployment rate is updated yearly available from dec 1991 to dec 2019 with an average rate of 5 70.

In addition unemployment rate among males and females stood at 5 6 and 28 2 respectively in the same period. Saudi arabia unemployment rate for 2019 was 5 93 a 0 11 decline from 2018. Saudi arabia s unemployment rate dropped to 5 70 in dec 2019 from the previously reported number of 6 00 in dec 2018.

Saudi arabia youth unemployment rate for 2017 was 26 85 a 2 23 increase from 2016. Unemployment refers to the share of the labor force that is without work but available for and seeking employment.