Page 21 - U4SSC Factsheet, Riyadh, Saudi Arabia, June 2020
P. 21

Innovation and Employment

               Category           KPI              Result       Performance to Benchmark          SDG


                          R&D expenditure          0.11 %
                          (relative to GDP)


                          Patents
                          (per 100 000              8.47
                          inhabitants)
                          Small and Medium-
                          Sized Enterprises     Not Reported
                          (SMEs)


                          Unemployment Rate        6.70 %



                          Youth                    6.93 %
                          Unemployment Rate


                          Tourism Sector           10.83 %
                          Employment


                          ICT Sector               0.95 %
                          Employment



            Unemployment levels are relatively low in Riyadh – approximately half of the Saudi Arabian overall
            unemployment rate of 12.5% (Q1 - 2019).  There is also a large disparity between the national
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            unemployment rates among Saudi men (at 6.6%) and Saudi women (at 31.7%). Women across the
            country are much less likely to enter the workforce than Saudi and women elsewhere in the first place,
            and face barriers when they do want to enter.

            Riyadh’s rate of youth unemployment is significantly lower than the national level of 25.8 per cent
            (2018).  This is encouraging when also compared with the broader Middle East and North Africa
                   6
            (MENA) region, where although each country has its own unique circumstances, youth employment is
            a continuing issue throughout the region, having reached 30 per cent in 2017.  In Saudi Arabia, youth
                                                                                       7
            unemployment levels in particular are much higher among nationals (at 42%) and young women
            (at 80% higher than those among young men).  Waithood can be a particular issue in the country,
                                                          8
            where youth often search for years before successfully finding work.

            Optimizing innovation, fostering equity and driving growth: Given the above, it is recommended
            that Riyadh decompose and examine the underlying trends behind its overall youth unemployment KPI
            and takes steps to mitigate and monitor any concerning underlying trends. Riyadh should, especially,
            study its unemployment rates disaggregated by gender, and take steps to mitigate and monitor any
            gaps that it finds.




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