The Saudi Ministry of Investment has said that for the first time in the last 10 years, there has been a record decrease in the unemployment rate in the kingdom.
According to the Uqal website, the Ministry of Investment said in a statement that the unemployment rate has decreased by 10.1 percent during the first quarter of this year 2022.
The Ministry of Investment says that 'in the context of the statistics of the last 10 years, this is a record reduction in the unemployment rate among Saudi citizens.'
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The Ministry said that during the second quarter of this year, 112% of the total investment targets were achieved. 738 billion Rials were invested, which is around 23.6 percent of the total national production of 2021.
The kingdom achieved 104 percent of the country's investment targets. 638 billion Rials have been invested. Foreign direct investment reached 72 billion Rials, which is 172% of the set goals in this regard.
According to the statistics released by the Department of Statistics, "In the second quarter of this year, the real gross national product of the kingdom has recorded a growth rate of 11.8 percent."
Oil accounted for 23.1% growth and non-oil activities accounted for 5.4% growth.
Inflation rate was recorded at 2.3% on annual basis during the second quarter. Education expenditure has increased by 6.2 percent and food and drink by 4.3 percent.
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