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Unemployment among Saudis down to 7.1% in Q2 2024
The unemployment rate among Saudis fell to 7.1% in the second quarter of 2024, compared to 7.6% in the first quarter of 2024, according to the General Authority for Statistics’ (GASTAT) labor force survey.
According to data available since 1999, the unemployment rate hit an all-time low.
However, the employment-to-population ratio fell to 50.8% on a quarterly basis in Q2 2024. Saudi women’s employment also fell to 35.4% in the same period.
Meanwhile, the overall unemployment rate among the working-age population reached 3.3% in Q2 2024, compared to 3.5% in Q1 2024.
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* | 4.3 % | 8.7% |
| Q2 2023* | 4.1% | 8.5% |
| Q3 2023* | 4.2 % | 8.8% |
| Q4 2023* | 3.4% | 7.8% |
| Q1 2024 | 3.5% | 7.6% |
| Q2 2024 | 3.3% | 7.1% |
Saudis accounted for 49.1% and 50% of the labor force in the public and private sectors, respectively. On the other hand, non-Saudis employed in the private sector made up 74.6%.
| Employees by Nationality and Sector in Saudi Arabia | |||
| Sector | Saudis | Non-Saudis | Total |
| Public Sector | 49.1% | 2.7% | 19.0% |
| Private Sector | 50.0% | 74.6% | 66.0% |
| Other Sectors | 0.33% | 22.6% | 14.7% |
| Unspecified | 0.53% | 0.20% | 0.32% |
| Total | 100 % | 100 % | 100 % |
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