Unemployment Rate In Saudi Arabia 2020
Saudi arabia s unemployment rate dropped to 5 70 in dec 2019 from the previously reported number of 6 00 in dec 2018.
Unemployment rate in saudi arabia 2020. Saudi arabia youth unemployment rate for 2018 was 28 84 a 1 99 increase from 2017. Youth unemployment refers to the share of the labor force ages 15 24 without work but available for and seeking employment. In addition unemployment rate among males and females stood at 5 6 and 28 2 respectively in the same period.
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. Saudi standard classification of occupations. The data reached an all time high of 7 30 in dec 1991 and a record low of 4 34 in dec 1999.
Meanwhile unemployment among all residents remained unchanged at 5 7. The high unemployment rate in saudi arabia due to corona. 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.
Mon 18 02 1442 05 oct 2020. In 2019 saudi arabia s estimated unemployment rate amounted to approximately 5 93 percent. In addition unemployment rate among males and females stood at 8 1 and 31 4 respectively in the same period.
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. About the business. The data is reported by reported by ceic data.
Saudi arabia unemployment rate for 2018 was 6 04 a 0 15 increase from 2017. Unemployment as a percentage of the population. 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 2019 was 5 93 a 0 11 decline from 2018. 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. National code of countries and nationalities.
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. Saudi arabia s unemployment rate is updated yearly available from dec 1991 to dec 2019 with an average rate of 5 70. Saudi arabia youth unemployment rate for 2019 was 28 59 a 0 26 decline from 2018.
