Saudi Arabia: Unemployment Declines to 12.3% in Q2
Saturday, 09 14 2019, Category: Economy, Country: Saudi Arabia
The unemployment rate among Saudi Arabian citizens dropped to 12.3 percent in Q2 2019 compared to 12.5 percent in Q1, according to data from the Saudi General Authority for Statistics (GaStat).
Unemployment in the kingdom (citizens and residents) fell to 5.6 percent in the second quarter, compared to 6 percent in Q1 2019.
The economic reforms implemented within Saudi Vision 2030 have proven efficiency through the continuous drop of the unemployment rate in Saudi Arabia.
There has been an increase of 23.2 percent in the economic participation of Saudi women in the second quarter of 2019 compared to 20.5 percent in the previous quarter. The overall economic participation of Saudis reached 45 percent in the second quarter compared to 42.3 percent in the first quarter.