Saudi Arabia: Unemployment rate forecast

* indicates monthly or quarterly data series
 Saudi Arabia

Unemployment rate forecast

 Latest value 5.60
 Year 2022
 Measure percent
 Data availability 1999 - 2022
 Average 5.64
 Min - Max 4.35 - 7.65
 Source International Monetary Fund
For that indicator, we provide data for Saudi Arabia from 1999 to 2022. The average value for Saudi Arabia during that period was 5.64 percent with a minimum of 4.35 percent in 1999 and a maximum of 7.65 percent in 2020. The latest value from 2022 is 5.6 percent. For comparison, the world average in 2022 based on 106 countries is 7.22 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Saudi Arabia - Unemployment rate forecast - Recent values chart

Historical chart
Saudi Arabia - Unemployment rate forecast - historical chart - 1999-2022

Definition: The unemployment rate is the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). The series includes actual historical values for past years and forecast values for the current and the next few years.

 Related indicators Latest value Reference Measure
 Economic growth forecast 3.00 2028 percent
 Investment forecast 30.09 2028 percent
 Inflation forecast 2.00 2028 percent
 Unemployment rate forecast 5.60 2022 percent
 Current account forecast -2.76 2028 percent
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