Saudi Arabia: Unemployment rate forecast

The latest value from 2023 is 3.78 percent, a decline from 4.88 percent in 2022. In comparison, the world average is 6.90 percent, based on data from 105 countries. Historically, the average for Saudi Arabia from 1999 to 2023 is 5.52 percent. The minimum value, 3.78 percent, was reached in 2023 while the maximum of 7.65 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.