Volume 16 - Issue 2 (8) | PP: 241 - 257
Language : English
DOI : https://doi.org/10.31559/GJEB2026.16.2.8
DOI : https://doi.org/10.31559/GJEB2026.16.2.8
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Harnessing the Demographic Dividend: Youth Investment and Economic Development in Saudi Arabia 2023
| Received Date | Revised Date | Accepted Date | Publication Date |
| 7/11/2025 | 13/12/2025 | 23/12/2025 | 26/4/2026 |
Abstract
Objectives: This study aims to analyze the demographic dynamics of Saudi Arabia as of 2023, focusing on key indicators such as age distribution, fertility rates, mortality rates, life expectancy, and migration. The objective is to identify the socio-economic implications of these demographic trends and their alignment with the goals of Vision 2030. Methods: A quantitative analytical approach was employed using demographic and socio-economic data obtained from national and international statistical sources. Descriptive and comparative analyses were conducted to examine shifts in population structure and key demographic indicators over time. Results: Findings reveal that Saudi Arabia maintains a predominantly young population, with approximately 60% under the age of 30 and 73% belonging to the working-age group (15-64 years). Fertility rates have declined significantly from about seven children per woman in the 1970s to 2.3 in 2023, while improvements in healthcare have increased life expectancy to nearly 75 years. Migration remains a vital demographic factor, with expatriates comprising nearly 30% of the total population, primarily within the labor force concentrated in sectors such as construction, domestic services, and healthcare. Conclusions: The study concludes that Saudi Arabia's evolving demographic structure presents both opportunities and challenges. The potential for a demographic dividend can be realized through targeted investments in education, healthcare, and employment opportunities for youth. Strategic policy responses are essential to harness these demographic advantages and support the nation’s sustainable development objectives under Vision 2030.
Keywords: Demographic transition, Fertility rate, Age structure, Migration, Vision 2030
How To Cite This Article
Mahgoub , A. (2026). Harnessing the Demographic Dividend: Youth Investment and Economic Development in Saudi Arabia 2023 . Global Journal of Economics and Business, 16 (2), 241-257, 10.31559/GJEB2026.16.2.8
Copyright © 2026, This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.