Saudi Arabia Unemployment Rate

2012 - 2023 | Quarterly | % | CEIC Data

Key information about Saudi Arabia Unemployment Rate

  • Saudi Arabia Unemployment Rate dropped to 4.43% in Dec 2023, from the previously reported figure of 5.12% in Sep 2023.
  • Saudi Arabia Unemployment Rate is updated quarterly, available from Mar 2012 to Dec 2023, 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 4.43% in Dec 2023.
  • 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 Dec 2023 in the chart:

Saudi Arabia Unemployment Rate

What was Saudi Arabia's Unemployment Rate in Dec 2023?

Saudi Arabia Unemployment Rate dropped to 4.43% in Dec 2023, from the previously reported figure of 5.12% in Sep 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.43 Dec 2023 5.12 Sep 2023 4.43 Dec 2023 8.98 Jun 2020 % quarterly Mar 2012 - Dec 2023

Unemployment Rate by Country Comparison

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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 (%) 12.00 Sep 2023 quarterly Mar 2008 - Sep 2023
Australia (%) 3.70 Feb 2024 monthly Feb 1978 - Feb 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 Feb 2024 monthly Oct 2004 - Feb 2024
Belgium (%) 5.50 Feb 2024 monthly Jan 1983 - Feb 2024
Bolivia (%) 2.83 Dec 2023 quarterly Dec 2015 - Dec 2023
Bosnia and Herzegovina (%) 13.20 2023 yearly 2006 - 2023
Botswana (%) 20.68 2022 yearly 1991 - 2022
Brazil (%) 7.80 Feb 2024 monthly Mar 2012 - Feb 2024
Brunei (%) 5.20 2022 yearly 1981 - 2022
Bulgaria (%) 4.20 Dec 2023 quarterly Mar 2000 - Dec 2023
Cambodia (%) 2.40 2020 yearly 2020 - 2020
Canada (%) 6.10 Mar 2024 monthly Jan 1976 - Mar 2024
Chile (%) 8.50 Feb 2024 monthly Mar 2009 - Feb 2024
China (%) 5.10 Dec 2023 quarterly Mar 2017 - Dec 2023
Colombia (%) 12.12 Mar 2022 monthly Jan 2021 - Mar 2022
Croatia (%) 6.80 Dec 2022 quarterly Mar 1998 - Dec 2022
Cyprus (%) 6.40 Feb 2024 monthly Jan 2000 - Feb 2024
Czech Republic (%) 2.73 Feb 2024 monthly Jan 1993 - Feb 2024
Denmark (%) 4.90 Apr 2023 monthly Jan 2007 - Apr 2023
Ecuador (%) 3.38 Dec 2023 quarterly Dec 2013 - Dec 2023
Egypt (%) 6.90 Dec 2023 quarterly Mar 2003 - Dec 2023
Estonia (%) 5.30 Mar 2023 quarterly Mar 1997 - Mar 2023
European Union (%) 6.00 Feb 2024 monthly Jan 2000 - Feb 2024
Finland (%) 6.90 Apr 2023 monthly Jan 1988 - Apr 2023
France (%) 7.20 Jun 2023 quarterly Mar 1975 - Jun 2023
Georgia (%) 17.26 2022 yearly 1991 - 2022
Germany (%) 3.20 Feb 2024 monthly Jan 1991 - Feb 2024
Ghana (%) 3.56 2023 yearly 1991 - 2023
Greece (%) 11.20 Apr 2023 monthly Apr 1998 - Apr 2023
Hong Kong SAR, China (%) 2.90 Feb 2024 monthly Oct 1981 - Feb 2024
Hungary (%) 4.70 Feb 2024 monthly Jan 2000 - Feb 2024
Iceland (%) 3.68 Feb 2024 monthly Jan 2003 - Feb 2024
India (%) 7.11 2020 yearly 1991 - 2020
Indonesia (%) 5.32 2023 yearly 1984 - 2023
Iran (%) 8.90 Dec 2021 quarterly Jun 2001 - Dec 2021
Ireland (%) 4.10 Jul 2023 monthly Jan 1998 - Jul 2023
Israel (%) 3.30 Mar 2024 monthly Jan 2012 - Mar 2024
Italy (%) 7.46 Feb 2024 monthly Jan 1983 - Feb 2024
Ivory Coast (%) 3.50 2020 yearly 1991 - 2020
Japan (%) 2.60 Feb 2024 monthly Jan 1953 - Feb 2024
Jordan (%) 21.40 Nov 2023 quarterly Feb 2000 - Nov 2023
Kazakhstan (%) 4.70 Mar 2024 monthly Jan 2001 - Mar 2024
Kenya (%) 2.98 2020 yearly 1991 - 2020
South Korea (%) 2.60 Feb 2024 monthly Jun 1999 - Feb 2024
Kosovo (%) 11.50 Mar 2023 quarterly Mar 2016 - Mar 2023
Kuwait (%) 0.93 2021 yearly 1999 - 2021
Kyrgyzstan (%) 4.90 2022 yearly 1992 - 2022
Laos (%) 0.95 2020 yearly 1991 - 2020
Latvia (%) 6.90 Jan 2024 monthly Jan 1998 - Jan 2024
Lebanon (%) 29.56 2021 yearly 2004 - 2021
Lithuania (%) 7.40 Feb 2024 monthly Jan 1998 - Feb 2024
Luxembourg (%) 5.57 Feb 2024 monthly Jan 1995 - Feb 2024
Macau SAR, China (%) 2.20 Feb 2024 monthly Sep 1996 - Feb 2024
North Macedonia (%) 13.00 Dec 2023 quarterly Mar 2023 - Dec 2023
Malawi (%) 6.60 2013 yearly 2005 - 2013
Malaysia (%) 3.30 Feb 2024 monthly Jan 2010 - Feb 2024
Malta (%) 2.85 Dec 2023 quarterly Mar 2018 - Dec 2023
Mauritius (%) 7.10 Mar 2020 quarterly Mar 2004 - Mar 2020
Mexico (%) 2.58 Feb 2024 monthly Jan 2005 - Feb 2024
Moldova (%) 5.55 Mar 2023 quarterly Mar 1999 - Mar 2023
Mongolia (%) 3.92 Dec 2023 quarterly Sep 2006 - Dec 2023
Montenegro (%) 12.20 Dec 2023 quarterly Mar 2008 - Dec 2023
Morocco (%) 12.40 Jun 2023 quarterly Mar 1999 - Jun 2023
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 (%) 4.00 Dec 2023 quarterly Mar 1986 - Dec 2023
Nigeria (%) 4.10 Mar 2023 quarterly Dec 2022 - Mar 2023
Norway (%) 3.90 Jan 2024 monthly Jan 1989 - Jan 2024
Oman (%) 3.30 Feb 2024 monthly Mar 2018 - Feb 2024
Pakistan (%) 6.30 2021 yearly 1980 - 2021
Palestinian Territory (%) 24.10 Sep 2023 quarterly Mar 2000 - Sep 2023
Panama (%) 11.30 2021 yearly 2003 - 2021
Paraguay (%) 5.23 Dec 2023 quarterly Mar 2017 - Dec 2023
Peru (%) 7.30 Feb 2024 monthly Mar 2001 - Feb 2024
Philippines (%) 4.50 Apr 2023 quarterly Jul 1982 - Apr 2023
Poland (%) 5.40 Feb 2024 monthly Jan 1990 - Feb 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 (%) 4.43 Dec 2023 quarterly Mar 2012 - Dec 2023
Serbia (%) 9.10 Dec 2023 quarterly Mar 2014 - Dec 2023
Singapore (%) 1.90 May 2023 monthly Mar 2020 - May 2023
Slovakia (%) 3.92 Feb 2024 monthly Jan 2006 - Feb 2024
Slovenia (%) 3.40 Dec 2023 quarterly Jun 1997 - Dec 2023
South Africa (%) 32.10 Dec 2023 quarterly Mar 2008 - Dec 2023
Spain (%) 11.76 Dec 2023 quarterly Sep 1976 - Dec 2023
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 (%) 4.01 Dec 2023 monthly Jan 1991 - Dec 2023

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Saudi Arabia Key Series

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Includes 192 key indicators for Saudi Arabia, curated by CEIC analysts. Instant access to full history data in excel.
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 (%) 26.2 Dec 2023 quarterly Dec 2016 - Dec 2023
Forecast: Government Expenditure (SAR bn) 1,344.120 2028 yearly 1990 - 2028
Forecast: Government Net Debt (SAR bn) 806.352 2028 yearly 1991 - 2028
Forecast: Government Revenue (SAR bn) 1,374.230 2028 yearly 1991 - 2028
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) 111,202.9 2023 yearly 1957 - 2023
Total Exports (USD mn) 25,318.3 Jan 2024 monthly Jan 2015 - Jan 2024
Total Exports Growth (%) -10.3 Jan 2024 monthly Jan 2016 - Jan 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) 17,790.5 Jan 2024 monthly Jan 2005 - Jan 2024
Total Imports Growth (%) -1.4 Jan 2024 monthly Jan 2006 - Jan 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) 223.503 Jan 2024 monthly Jan 2017 - Jan 2024
Total Imports from USA (USD mn) 1,381.322 Jan 2024 monthly Jan 2005 - Jan 2024
Total Exports to China (USD mn) 1,686.288 Jan 2024 monthly Jan 2017 - Jan 2024
Total Imports from China (USD mn) 3,628.458 Jan 2024 monthly Jan 1981 - Jan 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: Petroleum Products (SAR mn) 125,222.000 2017 yearly 1970 - 2017
Exports: Value: Crude Petroleum (SAR mn) 513,181.000 2017 yearly 1953 - 2017
Exports: ow China (SAR mn) 6,323.580 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: ow USA (SAR mn) 838.135 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: Value (SAR mn) 94,943.567 Jan 2024 monthly Jan 2015 - Jan 2024
Exports: South Korea (SAR mn) 1,865.858 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: India (SAR mn) 1,030.331 Jan 2024 monthly Jan 2017 - Jan 2024
Exports: Value: Asia: India (SAR mn) 157,187.346 2022 yearly 1984 - 2022
Imports: HS: Value: MC: Mineral Products (SAR mn) 60,441.675 2023 yearly 1983 - 2023
Imports: HS: Value: Foodstuffs (SAR mn) 103,472.691 2023 yearly 1970 - 2023
Imports: HS: Value: Hides and Skins, Wood, Cardboard and Articles (HW) (SAR mn) 17,042.009 2023 yearly 1970 - 2023
Imports: HS: Value: Pearls, Precious & Semi Precious Stones, Precious Metals, Ar... (SAR mn) 33,729.880 2023 yearly 1970 - 2023
Imports: HS: Value: Transport Equipment (SAR mn) 138,396.368 2023 yearly 1970 - 2023
Imports: Value: European Union: Germany (SAR mn) 30,000.405 2022 yearly 1984 - 2022
Imports: Value: Asia: South Korea (SAR mn) 19,767.343 2022 yearly 1984 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,572.9 Dec 2023 quarterly Mar 2006 - Dec 2023
Current Account Balance (USD mn) 4,345.0 Dec 2023 quarterly Mar 2006 - Dec 2023
Current Account Balance: % of GDP (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment (USD mn) 3,516.5 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2006 - Dec 2023
Foreign Portfolio Investment (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 1.3 Dec 2023 quarterly Mar 2008 - Dec 2023
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) 1,074.043 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: Financial Account: Portfolio Investment: Liabilities: Debt Securities (USD mn) 616.607 Sep 2023 quarterly Mar 2018 - Sep 2023
BoP: USD: FA: Other Investment: Assets (USD mn) 4,039.242 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment: Assets (USD mn) 19,682.520 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment: Liabilities (USD mn) 3,396.120 Dec 2023 quarterly Mar 2008 - Dec 2023
BoP: USD: CA: Goods & Services: Services: Debit (USD mn) 24,031.936 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: Errors and Omissions (USD mn) -3,505.581 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Reserve Assets (USD mn) -2,580.978 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Other Investment: Liabilities (USD mn) 16,717.701 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: Financial Account (FA) (USD mn) -916.716 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Portfolio Investment (USD mn) 16,286.400 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods: Debit (USD mn) 49,782.867 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income: Credit (USD mn) 8,542.244 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods: Credit (USD mn) 79,505.705 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Services: Credit (USD mn) 11,200.383 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Secondary Income (USD mn) -13,322.937 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Direct Investment (USD mn) -1,943.678 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Goods (USD mn) 29,722.838 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Direct Investment: Assets (USD mn) 1,572.855 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income (USD mn) 776.612 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Goods & Services: Services (USD mn) -12,831.554 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: CA: Primary Income: Debit (USD mn) 7,765.631 Dec 2023 quarterly Mar 2006 - Dec 2023
BoP: USD: FA: Other Investment (USD mn) -12,678.459 Dec 2023 quarterly Mar 2006 - Dec 2023
IIP: Assets (SAR mn) 5,352,001.798 2023 yearly 2007 - 2023
International Investment Position (IIP) (SAR mn) 2,944,029.939 2023 yearly 2007 - 2023
IIP: Liabilities (SAR mn) 2,407,971.859 2023 yearly 2007 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2023 quarterly Mar 2009 - Sep 2023
Household Debt: % of GDP (%) 11.7 Dec 2023 quarterly Dec 2003 - Dec 2023
Money Supply M1 (USD mn) 417,393.794 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply M2 (USD mn) 641,002.539 Feb 2024 monthly Jan 1993 - Feb 2024
M2 Growth (%) 10.5 Feb 2024 monthly Jan 1994 - Feb 2024
Reserve Requirement Ratio (%) 7.0 Mar 2024 monthly Mar 1980 - Mar 2024
Foreign Exchange Reserves (USD mn) 406,940.5 Feb 2024 monthly Jan 2001 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 38.579 Dec 2023 quarterly Dec 2003 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 23.4 2023 yearly 1957 - 2023
Gold Reserves (USD mn) 432.934 Mar 2024 monthly Dec 1957 - Mar 2024
Total Deposits (USD mn) 676,857.784 Feb 2024 monthly Jan 1993 - Feb 2024
Total Deposits Growth (%) 10.3 Feb 2024 monthly Jan 1994 - Feb 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) 343.508 Sep 2023 quarterly Mar 1998 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 784.198 Sep 2023 quarterly Mar 1993 - Sep 2023
Household Debt (USD mn) 125,038.9 Dec 2023 quarterly Mar 1998 - Dec 2023
Total Loans (USD mn) 706,294.887 Feb 2024 monthly Jan 1997 - Feb 2024
Total Loans Growth (%) 10.85 Feb 2024 monthly Jan 1998 - Feb 2024
Private Debt: % of Nominal GDP (%) 61.93 Dec 2023 quarterly Dec 2003 - Dec 2023
Base Money (SAR mn) 382,248.004 Feb 2024 monthly Jan 2000 - Feb 2024
Monetary Survey: Liabilities: Money & Quasi Money (SAR mn) 2,756,193.012 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply: M3: M2: M1 (SAR mn) 1,565,226.729 Feb 2024 monthly Jan 1993 - Feb 2024
Money Supply: M3: M2 (SAR mn) 2,403,759.521 Feb 2024 monthly Jan 1993 - Feb 2024
Official Reserve Assets: Foreign Currency and Deposits Abroad (SAR mn) 547,978.862 Feb 2024 monthly Jan 2001 - Feb 2024
Official Reserve Assets (SAR mn) 1,707,388.317 Mar 2024 monthly Jan 2001 - Mar 2024
Official Reserve Assets: Gold (SAR mn) 1,623.503 Feb 2019 monthly Jan 2001 - Feb 2019
Banks Deposits (SAR mn) 2,538,216.688 Feb 2024 monthly Jan 1993 - Feb 2024

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