AI Summary
The unemployment rate among Saudis fell to all-time low at 8% in Q4 2022.
Crown Prince Mohammed bin Salman earlier said that the Kingdom seeks to cut the jobless rate to 4-7% in line with Vision 2030 and will achieve this level before 2030.
The unemployment rate among Saudi males reached a lifetime low at 4.2%. It also retreated to 15.4% among Saudi females, the lowest level ever, based on the General Authority for Statistics’ (GASTAT) data.
Unemployment Rate by Ages
The unemployment rate among young people from 15 to 24 years reached 16.8% in Q4 2022, and it hit 7% among people from 25 to 54 years.
|
Unemployment Rate Among Saudis by Ages |
||||
|
Population Sub-group
|
Age Groups
|
Males |
Females |
Total |
|
Youth |
15-24 |
12.5% |
26.0% |
16.8% |
|
CoreWorkingAge
|
25-34 |
4.9% |
21.5% |
10.8% |
|
35-44 |
1.9% |
12.1% |
5.4% |
|
|
45-54 |
1.0% |
3.1% |
1.7% |
|
|
25-54 |
3.0% |
14.6% |
7.0% |
|
|
Aged 55 and Over |
+55 |
0.3% |
0.9% |
0.4% |
|
WorkingAge Population |
+15 |
4.2% |
15.4% |
8.0% |
Unemployment Rate byAdministrative Region
|
Unemployment Rate by Administrative Region |
|||
|
Administrative Region |
Males |
Females |
Total |
|
Madinah |
6.8% |
22.5% |
12.2% |
|
Jazan |
7.6% |
18.0% |
11.0% |
|
Hail |
5.2% |
21.4% |
10.8% |
|
Assir |
5.5% |
19.9% |
10.4% |
|
Al Baha |
4.8% |
17.1% |
9.2% |
|
Al Jouf |
4.6% |
18.2% |
9.0% |
|
Tabuk |
3.9% |
19.1% |
8.3% |
|
Qassim |
4.4% |
15.3% |
8.0% |
|
Najran |
3.9% |
15.7% |
7.9% |
|
Northern Borders |
3.3% |
16.1% |
7.8% |
|
Makkah |
3.8% |
13.6% |
7.0% |
|
Eastern Province |
3.7% |
13.6% |
6.9% |
|
Riyadh |
3.0% |
13.4% |
6.7% |
|
Total |
4.2% |
15.4% |
8.0% |
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