Qatar tops GCC labour market with 0.1% unemployment in Q2 2024

DOHA: Qatar has established itself as the GCC leader in labour market efficiency, posting the region’s lowest unemployment rate of just 0.1% in Q2 2024, according to the GCC Statistical Center (GCC-STAT).

The report highlighted that expatriates make up 84.5% of Qatar’s workforce, one of the highest proportions in the bloc. Despite this reliance on foreign labour, unemployment among Qataris remains minimal, with rates at 0.1% for men and 0.4% for women, far below the GCC averages of 1.6% for men and 10.8% for women.

Among GCC states, Oman (3.6%) and Saudi Arabia (3.5%) reported the highest unemployment levels, particularly among women. By contrast, Qatar’s figures reflect near-full employment.

In terms of workforce composition, Qatari men represent 58.9% of the citizen labour force, while women account for 41.1%, the second-highest female participation rate in the GCC after Saudi Arabia. Qatar also has one of the lowest male-to-female ratios among national workers, at 143 men for every 100 women.

The report noted Qatar hosted 2.2 million expatriate workers in Q2 2024, about 8.9% of the total foreign labour force in the GCC, ranking it fourth after Saudi Arabia, Kuwait, and Oman.

Despite its dependence on expatriate labour, Qatar’s national employment remained stable with a slight 0.4% quarterly increase. GCC-STAT credited the country’s strong job creation policies, female workforce empowerment, and overall labour market efficiency as key drivers of economic resilience.


Click here for more on Finance and Investing

Source

Category
Lorem ipsum dolor sit amet, consectetur adipiscing elit eiusmod tempor ncididunt ut labore et dolore magna
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore