Kuwait records the largest drop in jobs in 30 years

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The number of jobs in Kuwait decreased by 4.2% during 2020, to record the largest annual decline in nearly 30 years, amid the repercussions of the new Corona virus.

According to a report by the National Bank of Kuwait, published today, Monday, the decline was reflected in the growth of employment activity among Kuwaiti citizens at a modest rate, and a sharp decline in the jobs of expatriate workers.

The report indicated that the employment rate of Kuwaiti citizens decreased from 2.4% in 2019 to 2.1% in 2020, in light of the repercussions of the pandemic, which severely affected the decline in employment in the private sector, by 1.2%.

The report continued: “The public sector has performed well with a growth of 2.7% compared to the private sector, while it is attributed, to some extent, to the efforts of Kuwaitization (Emiratisation).”

The report monitored the decline in the population of Kuwait in 2020 at the highest rate in nearly 30 years, by 5.2%, due to the noticeable decrease in the number of expatriates, by about 130 thousand expatriates.

The report pointed out that more than a third of Kuwait’s population is under the age of 15, which highlights the importance of accelerating the pace of job creation for this broad segment of society.

Expatriate employment decreased by 5.2% in 2020 after a 5.4% increase in the previous year.

According to the report, domestic worker jobs were less affected. Given that it’s only down 1.5% in 2020.

Kuwait is experiencing one of its worst economic crises, due to the effects of the Coronavirus and the drop in oil prices, the main source of more than 90% of government revenues.

According to the data of the Public Authority for Civil Information, the population of Kuwait decreased by 2.2% over the past year, to 4.68 million, amid an increase in the number of citizens by 2% and a significant decrease for expatriates by 4%.





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