Saudi Arabia Unemployment Rate World Bank
Saudi arabia youth unemployment rate for 2018 was 28 84 a 1 99 increase from 2017.
Saudi arabia unemployment rate world bank. Saudi arabia s citizen unemployment rate fell to the lowest in more than three years as the kingdom s non oil economy recovers. 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. The average value for saudi arabia during that period was 13 97 percent with a minimum of 4 95 percent in 1992 and a maximum of 22 49 percent in 2018.
In 2018 authorities are continuing their commitment to the opec deal which is in place throughthe end of the year by restricting oil production and implementing. Saudi arabia global economic prospects examines trends for the world economy and how they affect developing countries. Saudi arabia unemployment rate for 2019 was 5 93 a 0 11 decline from 2018.
Saudi arabia unemployment rate for 2017 was 5 89 a 0 24 increase from 2016. Saudi arabia unemployment rate for 2018 was 6 04 a 0 15 increase from 2017. The latest value from 2020 is 22 45 percent.
For that indicator we provide data for saudi arabia from 1991 to 2020. 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. Saudi arabia youth unemployment rate for 2019 was 28 59 a 0 26 decline from 2018.
Unemployment total of total labor force modeled ilo estimate from the world bank. The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. 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. Unemployment rate for females. Saudi arabia economic outlook spring 2018 english abstract.
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. The kingdom of saudi arabia is proceeding swiftly on its ambitious multifaceted reform agenda. Data learn how the world bank group is helping countries with covid 19 coronavirus.
