Saudi Arabia has outperformed G20 nations in workforce participation, with both male and female employment rates surging between 2016 and 2021. The Kingdom’s dynamic labor market, spurred by economic expansion and Vision 2030 initiatives, has been instrumental in this achievement.
Despite initial challenges with youth unemployment, Saudi Arabia has made significant strides in reducing unemployment rates and enhancing female labor force participation. The country’s active role in international forums, such as the G20 Women’s Empowerment Working Group, further underscores its commitment to workforce development.
Positive economic indicators, including strong GDP growth and IMF recognition of the Kingdom’s economic transformation, solidify Saudi Arabia’s position as a global economic leader.
Source: https://www.arabnews.com/node/2562471/business-economy