What is the unemployment rate in Saudi Arabia?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Saudi Arabia unemployment rate for 2022 was 5.64%, a 1.06% decline from 2021. Saudi Arabia unemployment rate for 2021 was 6.69%, a 0.76% decline from 2020.

What is the unemployment rate in Saudi Arabia 2023?

Based on the estimates of the General Authority for Statistics' Labor Force Survey, the overall unemployment rate in Saudi Arabia (for Saudis and non- Saudis) reached 5.1% in Q3/2023, increased from last quarter by 0.2 percentage points (pp) and decreased from a year ago by 0.7 pp.

Which country has highest unemployment?

What is the unemployment rate in the Arab states?

BEIRUT (ILO News) – The region's unemployment rate is expected to remain high at 9.8 per cent in 2024, above pre-pandemic levels, reflecting various factors that affect the region's labour markets such as segmentation, political instability, conflict, economic crises, a weak private sector and demographic pressures, a ...

What are the main causes of unemployment in Saudi Arabia?

Therefore, the problem KSA faces is the unemployment of educated young people. Second, the primary cause of unemployment stems from the lack of availability of new jobs. Furthermore, job seekers do not get interview opportunities to prove their value to prospective employers.

Saudi Arabia Employment: Foreign workers feeling cost of new law

Is unemployment high in Saudi Arabia?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Saudi Arabia unemployment rate for 2022 was 5.64%, a 1.06% decline from 2021. Saudi Arabia unemployment rate for 2021 was 6.69%, a 0.76% decline from 2020.

Does Saudi Arabia have high unemployment?

The population of Saudi Arabia is estimated to be 0.0 million in 2022 using United Nations estimates. With an unemployment rate in Saudi Arabia of 5.7%, it indicates the number of people out of work is 0.0 million.

Is unemployment high in Dubai?

Unemployment in UAE

The unemployment rate in the UAE averaged 2.5% in the decade to 2022, significantly below the 6.8% average for the Middle East & North Africa region. The unemployment rate in the UAE in 2022 was 2.8%. For more unemployment information, visit our dedicated page.

What is the poverty rate in the Arab countries?

In ten Arab states surveyed by ESCWA, 116 million people were classified as poor (41 percent of the total population), and 25 percent were vulnerable to poverty.

Why is there so much unemployment in the Middle East?

The region's unemployment rate is expected to remain high at 9.8 per cent in 2024, above pre-pandemic levels, reflecting various factors that affect the region's labour markets such as segmentation, political instability, conflict, economic crises, a weak private sector and demographic pressures.

Why is Japan's unemployment rate so low?

About 20 to 25% of the total difference in unemployment rates is due to differences in the behavior of teenagers in the two countries. Fewer and fewer Japanese teenagers are participating in the labor market, due to strict schooling requirements, and lower minimum wages.

What is China's unemployment rate?

Excluding students, the unemployment rate for young people aged 16 to 24 in the world's second-largest economy stood at 14.9% in December, according to monthly data from China's National Bureau of Statistics released last Wednesday. This compares to China's broader urban unemployment rate of 5.1% for the same month.

Why does Qatar have low unemployment rate?

For instance, countries like Qatar and Bahrain have diversified their economies beyond oil and gas. Another common trend we identified in countries with low unemployment rates is the presence of a favorable business climate for multinational companies.

What is the poverty rate in Saudi Arabia?

In Saudi Arabia alone, poverty fell from 18.23 per cent in 2010 to 13.56 per cent in 2021, accounting for the bulk of poverty reduction in the GCC region.

What is the average salary in Saudi Arabia?

The average income for expats in Saudi Arabia varies depending on the expat's job and level of experience. According to the Saudi Arabian Monetary Agency, the average monthly salary for expats is around 11,000 SAR (3,000 USD) per month.

What is the inflation rate in Saudi Arabia?

Consumer price inflation in Saudi Arabia averaged 1.8% in the ten years to 2022, below the Middle East & North Africa regional average of 5.4%. The 2022 average figure was 2.5%.

What country is #1 in poverty?

Current International Dollars: 476 | View South Sudan's GDP & Economic Data. The very poorest of the world's poorest countries, South Sudan has been wracked by violence since its creation in 2011.

What is the richest Arab country?

Qatar is currently the wealthiest country in the Arab World.

What is the poorest country in the world?

What is the unemployment rate in Japan?

Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Japan unemployment rate for 2022 was 2.64%, a 0.16% decline from 2021. Japan unemployment rate for 2021 was 2.80%, a 0% increase from 2020.

What is the unemployment rate in Canada?

The unemployment rate fell 0.1 percentage points to 5.7%, the first decline since December 2022. The participation rate fell 0.2 percentage points to 65.3% in January 2024, as the number of people in the labour force held steady and the population aged 15 and older rose.

What is the minimum wage in Saudi Arabia?

Saudi Arabia minimum salary and wages 2023

In Saudi Arabia, there is currently no officially established minimum wage for those employed in the private sector. However, the public sector does have a minimum wage rate of 3,000 Saudi riyals.

Does Saudi Arabia have a lot of job opportunities?

Looking for jobs in Saudi Arabia? Its steadily growing economy is boosting the labor market, offering plenty of job opportunities for both locals and expats. Vision 2030 has been the driving force behind this growth.

Is Saudi Arabia high income?

- High-income economies: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates; - Lower-middle-income economies: Algeria, the Comoros, Djibouti, Egypt, Mauritania, Morocco, Palestine, Tunisia; - Low-income economies: Somalia, the Sudan, the Syrian Arab Republic, Yemen; and.