Saudi Statistics: Unemployment at the lowest level and foreign investment jumps 44%
Riyadh on June 29 / WAM / The Kingdom of Saudi Arabia achieved a remarkable economic performance in the first quarter of 2025, where the unemployment rate among Saudis recorded its lowest historical level to reach 6.3%, in conjunction with a great leap in the net foreign direct investment flows that rose by 44% on an annual basis to reach 22.2 billion riyals, in an indication of the strength of the Saudi economy and its growing attractiveness.
The results of the labor market statistics bulletin issued by the General Authority for Statistics for the first quarter of 2025 revealed a significant improvement in employment indicators, as the total unemployment rate (for Saudis and non -Saudis) reached 2.8%, and the participation of the Saudis in the workforce recorded an increase to 51.3%, driven by the success of the women’s empowerment initiatives that led to the rise of Saudi women to 36.3%and the decrease in the unemployment rate between them to 10.5%, which has decreased by more than 11 percentage points since 2021, and in contrast, the unemployment rate for male Saudis decreased to 4%with their participation in the workforce increased to 66.4%, according to the Saudi Press Agency.
On the investment level, the General Authority for Statistics for Foreign Investment showed that the total flows entering the Kingdom’s economy amounted to about 24.0 billion riyals in the first quarter of 2025, recording an increase of 24% compared to the similar quarter of last year, and at the same time, the value of foreign investment flows from the Kingdom decreased by 54% to reach 1.8 billion riyals, which led to achieving net strong flows.
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