Human capital

Human capital

The Kingdom of Saudi Arabia (KSA) has a population of 27.3 million, a labour force of over 8.5 million and both are expanding rapidly. KSA's population is growing by 2.3%-2.4% a year, fuelled mainly by a high birth rate and immigration; and its labour force is growing due to immigration and higher rates of Saudi participation, male and female.

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25169_Saudi_Info_2.3HumanCapital_04.jpg Human capital in Saudi Arabia is built on firm foundations: a strong schools system, based on small class sizes averaging 11 students, and the world's seventh-highest spending on education.

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Saudi Arabia has an extensive network of further education and higher education institutions, including 80 vocational colleges, 24 public universities, eight private universities and 20 private colleges.   

Vocational training is being greatly expanded: in 2009, some 94,000 students graduated from 80 vocational and technical colleges; by 2015 the annual number of vocational-course diploma graduates is expected to reach 450,000. 

Over half of KSA's 8.5 million-plus employees are expatriates, including highly skilled professionals and low-cost workers. For decades non-nationals have been welcome in KSA's open, dynamic economy and now make up 21%-25% of KSA's population.

See chapters 2 (population), 3 (education and training) and 9 (labour statistics) of the Statistical Yearbook 2009, produced by KSA's Central Department of Statistics & Information and Ministry of Economy and Planning:
http://www.cdsi.gov.sa/yb45/Pages/English_Main_Page.htm