Saudi Arabia Unemployment Rate

2012 - 2024 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Unemployment Rate

  • Saudi Arabia Unemployment Rate dropped to 3.54% in Mar 2024, from the previously reported figure of 4.43% in Dec 2023.
  • Saudi Arabia Unemployment Rate is updated quarterly, available from Mar 2012 to Mar 2024, with an average rate of 5.73%.
  • The data reached an all-time high of 8.98% in Jun 2020 and a record low of 3.54% in Mar 2024.
  • The data is reported by reported by CEIC Data.
  • In the latest reports, Saudi Arabia Population reached 32.18 million people in Jun 2022.


View Saudi Arabia's Unemployment Rate from Mar 2012 to Mar 2024 in the chart:

Saudi Arabia Unemployment Rate

What was Saudi Arabia's Unemployment Rate in Mar 2024?

Saudi Arabia Unemployment Rate dropped to 3.54% in Mar 2024, from the previously reported figure of 4.43% in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.54 Mar 2024 4.43 Dec 2023 3.54 Mar 2024 8.98 Jun 2020 % quarterly Mar 2012 - Mar 2024

Unemployment Rate by Country Comparison

country/region Last Frequency Range
Albania (%) 10.54 Sep 2023 quarterly Mar 2012 - Sep 2023
Algeria (%) 11.40 Jun 2019 quarterly Mar 2014 - Jun 2019
Argentina (%) 6.90 Mar 2023 quarterly Jun 1990 - Mar 2023
Armenia (%) 13.10 Dec 2023 quarterly Mar 2008 - Dec 2023
Australia (%) 4.00 May 2024 monthly Feb 1978 - May 2024
Austria (%) 4.90 Nov 2023 monthly Jan 1993 - Nov 2023
Azerbaijan (%) 5.64 Mar 2023 quarterly Mar 2008 - Mar 2023
Bahrain (%) 5.90 2020 yearly 1991 - 2020
Bangladesh (%) 5.30 2020 yearly 1991 - 2020
Belarus (%) 0.10 May 2024 monthly Oct 2004 - May 2024
Belgium (%) 5.90 May 2024 monthly Jan 1983 - May 2024
Bolivia (%) 3.03 Mar 2024 quarterly Dec 2015 - Mar 2024
Bosnia and Herzegovina (%) 13.20 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 7.10 May 2024 monthly Mar 2012 - May 2024
Brunei (%) 5.20 2023 yearly 1981 - 2023
Bulgaria (%) 5.00 Mar 2024 quarterly Mar 2000 - Mar 2024
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.20 May 2024 monthly Jan 1976 - May 2024
Chile (%) 8.31 May 2024 monthly Mar 2009 - May 2024
China (%) 5.20 Mar 2024 quarterly Mar 2017 - Mar 2024
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 4.10 May 2024 monthly Jan 2000 - May 2024
Czech Republic (%) 2.68 May 2024 monthly Jan 1993 - May 2024
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.76 Mar 2024 quarterly Dec 2013 - Mar 2024
Egypt (%) 6.70 Mar 2024 quarterly Mar 2003 - Mar 2024
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 6.00 May 2024 monthly Jan 2000 - May 2024
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 16.40 2023 yearly 1991 - 2023
Germany (%) 3.30 May 2024 monthly Jan 1991 - May 2024
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 3.00 May 2024 monthly Oct 1981 - May 2024
Hungary (%) 4.41 May 2024 monthly Jan 2000 - May 2024
Iceland (%) 3.41 May 2024 monthly Jan 2003 - May 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 5.32 2023 yearly 1984 - 2023
Iran (%) 9.40 Mar 2022 quarterly Jun 2001 - Mar 2022
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 3.43 May 2024 monthly Jan 2012 - May 2024
Italy (%) 6.83 May 2024 monthly Jan 1983 - May 2024
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 May 2024 monthly Jan 1953 - May 2024
Jordan (%) 22.30 Feb 2024 quarterly Feb 2000 - Feb 2024
Kazakhstan (%) 4.70 May 2024 monthly Jan 2001 - May 2024
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.80 May 2024 monthly Jun 1999 - May 2024
Kosovo (%) 10.60 Sep 2023 quarterly Mar 2016 - Sep 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.90 2022 yearly 1992 - 2022
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.80 Apr 2024 monthly Jan 1998 - Apr 2024
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 7.50 Apr 2024 monthly Jan 1998 - Apr 2024
Luxembourg (%) 5.74 May 2024 monthly Jan 1995 - May 2024
Macau SAR, China (%) 1.90 May 2024 monthly Sep 1996 - May 2024
North Macedonia (%) 12.90 Mar 2024 quarterly Mar 2023 - Mar 2024
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.30 Apr 2024 monthly Jan 2010 - Apr 2024
Malta (%) 2.96 Mar 2024 quarterly Mar 2018 - Mar 2024
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.61 May 2024 monthly Jan 2005 - May 2024
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 5.20 Mar 2024 quarterly Sep 2006 - Mar 2024
Montenegro (%) 11.90 Mar 2024 quarterly Mar 2008 - Mar 2024
Morocco (%) 13.70 Mar 2024 quarterly Mar 1999 - Mar 2024
Mozambique (%) 3.67 2023 yearly 1991 - 2023
Myanmar (%) 1.79 2020 yearly 1991 - 2020
Nepal (%) 4.44 2020 yearly 1991 - 2020
Netherlands (%) 3.10 Jul 2021 monthly Jan 2003 - Jul 2021
New Zealand (%) 4.30 Mar 2024 quarterly Mar 1986 - Mar 2024
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 4.10 Apr 2024 monthly Jan 1989 - Apr 2024
Oman (%) 2.60 Apr 2024 monthly Mar 2018 - Apr 2024
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 32.20 Dec 2023 quarterly Mar 2000 - Dec 2023
Panama (%) 7.40 2023 yearly 2003 - 2023
Paraguay (%) 6.90 Mar 2024 quarterly Mar 2017 - Mar 2024
Peru (%) 7.21 May 2024 monthly Mar 2001 - May 2024
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.10 Apr 2024 monthly Jan 1990 - Apr 2024
Portugal (%) 7.20 Jan 2021 monthly Feb 1998 - Jan 2021
Qatar (%) 0.10 2019 yearly 1997 - 2019
Romania (%) 5.60 Apr 2023 monthly Jan 2004 - Apr 2023
Russia (%) 2.80 Feb 2024 monthly Jan 1994 - Feb 2024
Saudi Arabia (%) 3.54 Mar 2024 quarterly Mar 2012 - Mar 2024
Serbia (%) 9.40 Mar 2024 quarterly Mar 2014 - Mar 2024
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 4.94 May 2024 monthly Jan 2006 - May 2024
Slovenia (%) 3.40 Mar 2024 quarterly Jun 1997 - Mar 2024
South Africa (%) 32.90 Mar 2024 quarterly Mar 2008 - Mar 2024
Spain (%) 12.29 Mar 2024 quarterly Mar 2021 - Mar 2024
Sri Lanka (%) 4.30 Dec 2023 quarterly Mar 2004 - Dec 2023
Sudan (%) 20.30 2010 yearly 1993 - 2010
Sweden (%) 7.22 Apr 2023 monthly Jan 1983 - Apr 2023
Switzerland (%) 4.26 Mar 2024 monthly Jan 1991 - Mar 2024

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Saudi Arabia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 2.5 2022 yearly 1969 - 2022
Consolidated Fiscal Balance (USD mn) -21,585.731 2023 yearly 1969 - 2023
National Government Debt (USD mn) 273,066.7 2023 yearly 2004 - 2023
Government Debt: % of GDP (%) 27.8 Mar 2024 quarterly Dec 2016 - Mar 2024
Forecast: Government Expenditure (SAR bn) 1,553.324 2029 yearly 1990 - 2029
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,421.893 2029 yearly 1991 - 2029
Public Debt (SAR mn) 87,982.516 2023 yearly 2004 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.415 2028 yearly 1980 - 2028
Trade Balance (USD mn) 113,078.6 2023 yearly 1957 - 2023
Total Exports (USD mn) 26,864.7 Mar 2024 monthly Jan 2015 - Mar 2024
Total Exports Growth (%) -5.9 Mar 2024 monthly Jan 2016 - Mar 2024
Aluminum: Exports (USD th) 3,177,047.652 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 545,269.271 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 22,592.765 2022 yearly 1995 - 2022
Total Imports (USD mn) 16,079.3 Apr 2024 monthly Jan 2005 - Apr 2024
Total Imports Growth (%) -1.3 Apr 2024 monthly Jan 2006 - Apr 2024
Imports: Medicament (USD th) 5,358,995.860 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 2,078,407.217 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 1,206.522 Apr 2024 monthly Jan 2017 - Apr 2024
Total Imports from USA (USD mn) 1,341.858 Apr 2024 monthly Jan 2005 - Apr 2024
Total Exports to China (USD mn) 4,513.540 Apr 2024 monthly Jan 2017 - Apr 2024
Total Imports from China (USD mn) 3,597.652 Apr 2024 monthly Jan 1981 - Apr 2024
Exports: Value: Non Oil (SAR mn) 19,555.77 Apr 2018 monthly Jan 2005 - Apr 2018
Exports: Value: Oil (SAR mn) 68,943.34 Apr 2018 monthly May 2016 - Apr 2018
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: Value: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: ow USA (SAR mn) 4,524.456 Apr 2024 monthly Jan 2017 - Apr 2024
Exports: ow China (SAR mn) 16,925.775 Apr 2024 monthly Jan 2017 - Apr 2024
Exports: Value (SAR mn) 100,742.717 Mar 2024 monthly Jan 2015 - Mar 2024
Exports: India (SAR mn) 8,809.773 Mar 2024 monthly Jan 2017 - Mar 2024
Exports: South Korea (SAR mn) 9,807.799 Mar 2024 monthly Jan 2017 - Mar 2024
Exports: Value: Asia: India (SAR mn) 113,354.282 2023 yearly 1984 - 2023
Exports: Value: Asia: South Korea (SAR mn) 107,208.022 2023 yearly 1984 - 2023
Exports: Value: North America: USA (SAR mn) 58,495.428 2023 yearly 1984 - 2023
Exports: Value: Asia: China Mainland (SAR mn) 199,331.298 2023 yearly 1984 - 2023
Exports: Value: Asia: Japan (SAR mn) 121,831.325 2023 yearly 1984 - 2023
Imports: HS: Value: MC: Mineral Products (SAR mn) 61,579.696 2023 yearly 1983 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,249.487 2023 yearly 1970 - 2023
Imports: Harmonized System (HS): Value (SAR mn) 776,024.259 2023 yearly 1952 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 105,681.247 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,637.828 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 118,665.412 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 34,218.595 2023 yearly 1984 - 2023
Imports: Value: Asia: South Korea (SAR mn) 22,618.912 2023 yearly 1984 - 2023
Imports: Value: Asia: China Mainland (SAR mn) 162,549.731 2023 yearly 1984 - 2023
Imports: Value: North America: USA (SAR mn) 70,584.316 2023 yearly 1984 - 2023
Imports: Value: Asia: Japan (SAR mn) 30,693.439 2023 yearly 1984 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8,888.3 Mar 2024 quarterly Mar 2006 - Mar 2024
Current Account Balance (USD mn) 7,637.4 Mar 2024 quarterly Mar 2006 - Mar 2024
Current Account Balance: % of GDP (%) 2.8 Mar 2024 quarterly Mar 2006 - Mar 2024
Foreign Direct Investment (USD mn) 2,525.6 Mar 2024 quarterly Mar 2006 - Mar 2024
Foreign Direct Investment: % of GDP (%) 0.9 Mar 2024 quarterly Mar 2006 - Mar 2024
Foreign Portfolio Investment (USD mn) 23,787.540 Mar 2024 quarterly Mar 2008 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 8.8 Mar 2024 quarterly Mar 2008 - Mar 2024
Forecast: Current Account Balance (USD bn) 6.924 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 785,074.650 2023 yearly 2007 - 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Equity (USD mn) 667.213 Dec 2023 quarterly Mar 2018 - Dec 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 2,728.907 Dec 2023 quarterly Mar 2018 - Dec 2023
BoP: USD: FA: Other Investment (USD mn) -5,444.765 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Other Investment: Assets (USD mn) 22.871 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Secondary Income (USD mn) -12,820.548 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 7,923.101 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 26,177.858 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 23,787.540 Mar 2024 quarterly Mar 2008 - Mar 2024
BoP: USD: FA: Other Investment: Liabilities (USD mn) 5,467.636 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Portfolio Investment (USD mn) -15,864.440 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: Errors and Omissions (USD mn) -2,811.669 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Reserve Assets (USD mn) 18,395.575 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: Financial Account (FA) (USD mn) 3,449.101 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 78,607.443 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 51,117.069 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Primary Income: Credit (USD mn) 8,049.492 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Primary Income: Debit (USD mn) 4,554.693 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Direct Investment (USD mn) 6,362.731 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 15,650.670 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: FA: Direct Investment: Assets (USD mn) 8,888.331 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Primary Income (USD mn) 3,494.799 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Services (USD mn) -10,527.188 Mar 2024 quarterly Mar 2006 - Mar 2024
BoP: USD: CA: Goods & Services: Goods (USD mn) 27,490.374 Mar 2024 quarterly Mar 2006 - Mar 2024
International Investment Position (IIP) (SAR mn) 2,944,029.939 2023 yearly 2007 - 2023
IIP: Assets (SAR mn) 5,352,001.798 2023 yearly 2007 - 2023
IIP: Liabilities (SAR mn) 2,407,971.859 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Dec 2023 quarterly Mar 2009 - Dec 2023
Household Debt: % of GDP (%) 11.9 Mar 2024 quarterly Dec 2003 - Mar 2024
Money Supply M1 (USD mn) 432,359.785 May 2024 monthly Jan 1993 - May 2024
Money Supply M2 (USD mn) 669,575.371 May 2024 monthly Jan 1993 - May 2024
M2 Growth (%) 10.8 May 2024 monthly Jan 1994 - May 2024
Reserve Requirement Ratio (%) 7.0 Jun 2024 monthly Mar 1980 - Jun 2024
Foreign Exchange Reserves (USD mn) 442,917.5 May 2024 monthly Jan 2001 - May 2024
Foreign Exchange Reserves: % of GDP (%) 40.288 Mar 2024 quarterly Dec 2003 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 23.9 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.945 May 2024 monthly Dec 1957 - May 2024
Total Deposits (USD mn) 692,068.950 May 2024 monthly Jan 1993 - May 2024
Total Deposits Growth (%) 8.5 May 2024 monthly Jan 1994 - May 2024
Domestic Credit (USD mn) 279,406.0 Feb 2018 monthly Oct 1983 - Feb 2018
Domestic Credit Growth (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Credit to Households (USD bn) 348.930 Dec 2023 quarterly Mar 1998 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 796.302 Dec 2023 quarterly Mar 1993 - Dec 2023
Household Debt (USD mn) 127,502.8 Mar 2024 quarterly Mar 1998 - Mar 2024
Total Loans (USD mn) 726,442.771 May 2024 monthly Jan 1997 - May 2024
Total Loans Growth (%) 11.14 May 2024 monthly Jan 1998 - May 2024
Private Debt: % of Nominal GDP (%) 63.91 Mar 2024 quarterly Dec 2003 - Mar 2024
Base Money (SAR mn) 401,433.295 Apr 2024 monthly Jan 2000 - Apr 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,825,714.721 May 2024 monthly Jan 1993 - May 2024
Money Supply: M3: M2: M1 (SAR mn) 1,621,349.194 May 2024 monthly Jan 1993 - May 2024
Money Supply: M3: M2 (SAR mn) 2,510,907.640 May 2024 monthly Jan 1993 - May 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 657,700.974 May 2024 monthly Jan 2001 - May 2024
Official Reserve Assets (SAR mn) 1,752,966.575 May 2024 monthly Jan 2001 - May 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits: Demand: Business and Individuals (SAR mn) 1,145,601.177 May 2024 monthly Jan 1993 - May 2024
Banks Deposits (SAR mn) 2,595,258.561 May 2024 monthly Jan 1993 - May 2024
Bank Loans: Consumer (SAR mn) 450,887.301 Mar 2024 quarterly Mar 1998 - Mar 2024

More Indicators for Saudi Arabia

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