Saudi Arabia ranks first among G20 countries in productivity growth

Riyadh, The Gulf Observer: Saudi Arabia ranked first among the G20 countries in the rate of worker productivity growth last year.

The International Labor Organization (ILO) announced that the Kingdom became the topper among the G20 countries in the worker productivity growth rate for the year 2022, as it achieved the value rate of 4.9 percent.

The ILO said that this figure represents the highest rate achieved by the Kingdom for productivity growth. This rate rose from 3.6 percent in 2019 to 4.4 percent in 2021 before reaching its highest level in 2022.

It is noteworthy that the Ministry of Human Resources and Social Development, in partnership with the relevant government agencies, has contributed to realizing this accomplishment through its initiatives in developing and organizing the Saudi labor market.

It has also achieved this in enhancing its attractiveness and improving its productive efficiency in accordance with the labor market strategy.