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Labor Market

Summary

Labor Market – Q1 2025

According to estimates from the Labor Force Survey of the General Authority for Statistics, The Saudi unemployment rate in the first quarter of 2025 reached 6.3%, showing a 0.7 percentage points decrease compared to the fourth quarter of 2024, and a yearly decrease of 1.3 percentage points compared to the first quarter of 2024. On the other hand, the results indicated an increase in the employment-to-population ratio for Saudis by 0.5 percentage points compared to the fourth quarter of 2024, reaching 48.0%, and increased by 0.5 percentage points compared to the first quarter of 2024. The labor force participation rate for Saudis in the first quarter of 2025 increased by 0.2 percentage points compared to the fourth quarter of 2024, reaching 51.3%, and a slight decrease of 0.1 percentage points compared to the first quarter of 2024.

Active methods of job search for unemployed Saudis
Saudi job seekers use a variety of active job search methods, with an average of 4.3 active methods per job seeker. Directly applying to employers method was the most commonly used job search method recording 75.8%, followed by the use of the national unified employment platform (Jadarat) by 74.6%, and Posted / updated resume on professional /social networking sites by 64.5%.

Additional indicators for unemployed Saudis
The results showed that 94.8% of unemployed Saudis are willing to accept job offers in the private sector. Additionally, 58.7% of unemployed Saudi females and 40.4% of unemployed Saudi males are willing to commute to work for at least one hour. Furthermore, 76.1 % of unemployed Saudi females and 86.3% of unemployed Saudi males indicated that they are willing to work for eight hours or more per day.


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Other Indicators

Economic Growth

 Insights

Real GDP

Saudi Riyal icon
2.7

 points

%

Definition

Real Gross Domestic Product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year.

Last Update

Q1 2025

Frequency

Quarterly

Economic Indices

 Insights

Purchasing Managers Index (PMI)

Saudi Riyal icon
55.8

 points

%

Definition

The Purchasing Managers Index (PMI) highlights monthly supply and demand trends.

Last Update

May 2025

Frequency

Monthly

Consumer Price Index (CPI)

Saudi Riyal icon
2.2

 points

%

Definition

The Consumer Price Index (CPI) presents the percentage change in prices that consumers pay for goods and services.

Last Update

May 2025

Frequency

Monthly

Industrial Production Index

Saudi Riyal icon
3.1

 points

%

Definition

The Industrial Production Index (IPI) is a statistical measure used to track the level of production in an economy's industrial sector, including manufacturing, mining, and electricity generation. It provides insight into the performance and growth of the industrial economy and helps policymakers, economists, and investors assess economic activity.

Last Update

April 2025

Frequency

Monthly

Wholesale Price Index (WPI)

Saudi Riyal icon
2.0

 points

%

Definition

A wholesale price index (WPI) measures change in the overall price of goods before they are sold at retail.

Last Update

May 2025

Frequency

Monthly

Real Estate Price Index

Saudi Riyal icon
4.3

 points

%

Definition

Last Update

Q1 2025

Frequency

Quarterly

Trade Balance

Saudi Riyal icon
14,170M

 points

%

Definition

Trade balance is the difference between the value of a country's exports and the value of a country's imports.

Last Update

April 2025

Frequency

Monthly

Goods imports

Saudi Riyal icon
76,148M

 points

%

Definition

An import is a product or service that is produced in one country and purchased in another.

Last Update

April 2025

Frequency

Monthly

Goods exports

Saudi Riyal icon
90,318M

 points

%

Definition

Exports are goods and services manufactured or provided by businesses in one country and sold or traded in another.

Last Update

April 2025

Frequency

Monthly

Foreign Direct Investments

 Insights

Foreign Direct Investment (FDI) Net flow

Saudi Riyal icon
22,248M

 points

%

Definition

FDI in Saudi Arabia is the process by which non-Saudi investors establish or acquire business operations in the Kingdom, either by setting up new enterprises, acquiring stakes in existing companies, or forming joint ventures with local entities. These investments are aimed at long-term participation and management involvement in the Saudi market.

Last Update

Q1 2025

Frequency

Quarterly

Notes: MoM: Month over Month, QoQ: Quarter over Quarter, YOY: Year over Year.
Source: GSTAT, SAMA

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