According to data from the General Authority for Statistics, Saudi Arabia has reached a significant milestone in its labor market, with the unemployment rate among citizens dropping to 7% during the fourth quarter of 2024. This marks the lowest unemployment rate ever recorded in the Kingdom’s history, reflecting the success of ongoing economic and employment initiatives.
This improvement is largely attributed to a substantial decline in the unemployment rate among Saudi women, which dropped to 11.9%, marking the lowest level ever recorded for women in the Kingdom’s history.
Whereas among males, the unemployment rate stood at 4.3%, reflecting a decrease of 0.3 percentage points compared to the same period last year.
In contrast, Saudi Arabia’s commodity exports saw a 2.4% increase in January 2025 compared to the same month in 2024. Non-oil exports, including re-exports, rose by 10.7% during the same period, according to a report from the General Authority for Statistics.
Regarding imports, they rose by 8.3% in January 2025, while the trade surplus saw a decline of 11.9% compared to January 2024.
Source: Al Jarida
