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GASTAT: Saudi Population’s Unemployment Rate Decreases to 4.9% in Q2 2023

GASTAT: Saudi Population’s Unemployment Rate Decreases to 4.9% in Q2 2023
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GASTAT: Saudi Population’s Unemployment Rate Decreases to 4.9% in Q2 2023

GASTAT: Saudi Population’s Unemployment Rate Decreases to 4.9% in Q2 2023

Estimates of the Labor Force Survey issued in the Labor Market Statistics report by the General Authority for Statistics (GASTAT) showed a 4.9% decrease in the overall unemployment rate in Saudi Arabia (for Saudis and non-Saudis) in Q2/2023 over Q1/2023, SPA reported.
The report showed an 8.3% decrease in the unemployment rate for Saudis in Q2/2023 compared to 8.5% in Q1/2023; unemployment rate among Saudi women decreased to 15.7% compared to 16.1% in Q1/2023, while it remains unchanged at 4.6% among Saudi men.
According to the report, the overall labor force participation rate in Saudi Arabia (for Saudis and non-Saudis) decreased to 60.8% in Q2/2023 over Q1/2023.
The report showed a 51.7% decrease in the Saudi labor force participation rate in Q2/2023 over Q1/2023; participation rate among Saudi women decreased to 35.3% compared to last quarter, and participation rate among Saudi men decreased to 67.5% compared to 68.3% in Q1/2023.

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Al Khateeb: Tourism Sector Tops Agenda at WEF Annual Meeting 2025 in Davos

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
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Al Khateeb: Tourism Sector Tops Agenda at WEF Annual Meeting 2025 in Davos

A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)
A landmark is lit up in the colors of the national flag in Diriyah on the occasion of Saudi National Day. (SPA file photo)

Saudi Minister of Tourism Ahmed Al Khateeb stressed on Monday that Saudi Arabia's participation in the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland, underscores its steadfast commitment to shaping the global dialogue on travel and tourism as key drivers of economic growth and cultural exchange.

Speaking to the Saudi Press Agency (SPA), Al Khateeb highlighted that tourism is a central focus at this year’s forum, with Saudi Arabia showcasing its achievements and fostering partnerships to drive the sector’s global growth.

He emphasized that Saudi Arabia's tourism sector is experiencing unprecedented expansion under Saudi Vision 2030 and the National Transformation Program, positioning the Kingdom as a leading global destination with an ambitious goal of welcoming 150 million tourists annually.

The minister noted that tourism currently contributes 5% to Saudi Arabia's GDP, with projections to double to 10% by 2030. This growth is fueled by strategic investments in groundbreaking projects such as the Red Sea Project, Diriyah, and Qiddiya, alongside numerous private-sector initiatives that are boosting tourism across the Kingdom.

Saudi Arabia is leveraging its natural and cultural assets to establish a global benchmark for tourism-led economic development, he added.

Al Khateeb also highlighted tourism's vital role in the global economy, citing the 2023 Economic Impact Report (EIR) by the World Travel & Tourism Council (WTTC), which revealed that the global travel and tourism sector contributed 9.1% to global GDP—a 23.2% increase from the previous year.

He described Saudi Arabia's participation in Davos as an opportunity to amplify its achievements through collaboration with global leaders, strengthen public-private partnerships, and reinforce its role as a hub for international cooperation.