Investor Presentation 2022
Young and Robust Population
5
Investor Presentation 2022 | stc group
Saudi Population
→ After the population numbers increased
in KSA from 34.2 mn in 2019 to 35.0 mn in
2020 (midyear), 2021 (midyear) saw a
decline in the overall population
numbers to 34.1 mn. The main driver of
the decline is related to non-Saudi
population exiting the country during
the Covid-19 pandemic.
→ Saudi population is the largest and
youngest demographic in the GCC
region.
→ 2020 GASTAT data showed that 62% of
the population is between the age of 15
and 49.
Population Census
(Mn)
36
2.6%
2.5%
2.4%
2.4%
35.0
35
34
33
32.6
31.8
32
Distribution by Age Group (mid year 2021)
3%
4.0%
3.0%
2.0%
34.2
2.3%
34.1
32%
28%
1.0%
33.4
0.0%
-1.0%
-2.0%
-3.0%
-2.6%
36%
-4.0%
30
-5.0%
2016
2017
2018
2019
Mid year 2020 Mid year 2021
0-19 20-39 40-64 65+
Growth Rate
31
Source: GASTAT
Foreigners in the Saudi Labor Force
→ Latest General Organization for Social
Insurance (GOSI) figures showed a
significant increase in the rate of
foreigners working in the labor force in
Q1 2022 as compared to the previous
quarter.
→ Approximately, there was an increase of
453 thousand expatriates by Q1 2022
when compared to the previous quarter.
(Mn) 9.0
10%
7.4%
8%
8.0 7.71
7.40
6%
7.13
4.0%
3.6%
6.90
4%
6.71
6.58
6.65
6.52
6.67
6.61
6.44
6.41
6.27 6.25
6.16
2%
6.03
5.92
7.0
6.0
0%
-0.4%
-0.9%
-1.3%
5.0
-2.0%
-2.5%
-2.7%
-3.6%
-3.3%
-0.3%
-2.1%
-3.6%
-2%
-1.9%
-4%
-3.6%
-4.1%
4.0
Q1-18 Q2-18 Q3-18 Q4-18 Q1-19
Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22
Male
Female
Growth
Source: GOSI
-6%
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