News

GaStat: Real Estate Index Decreased by (6.3%) compared to the previous year and stabilized compared to Second Quarter On Tuesday Safar 4th, 1439 (October 24th,2017), GaStat issued its quarterly indicator of the real estate price general index in the Kingdom of Saudi Arabia for the third quarter (2017) and published it through its official website www.stats.gov.sa . This indicator is based on available registry data of the Ministry of Justice regarding real estate transactions. This indicator is an essential tool that supports entities which make economic and statistical decisions regarding the real estate price movements and future forecasts during different periods of time. The indicator includes three main sectors consisting of many real estate types: residential sector (piece of land, building, villa, apartment, and house), commercial sector (piece of land, building, shop, gallery and commercial centre), and agricultural sector which only includes agricultural land. The index of real estate prices for the third quarter 2017 recorded a relative stability compared to the previous quarter (second quarter 2017), reaching (84.9) in the third quarter 2017. The report attributed the stability of the real estate price index for the third quarter of 2017 to the varying percentage of change in the main sectors composing the indicator. The commercial sector witnessed a decline by (1.0%), the residential sector witnesses an increase by (0.2%), while the agricultural sector was stable without any relative change. The indicator recorded a decline of (6.3%) compared to the same quarter of the previous year (third quarter 2017). The report attributed this decline to the decline in the main sectors composing the indicator: the residential sector (7.9%), the commercial sector (10.9%) and the agricultural sector (1.0%).

Labor Market Bulletin Includes 67 Statistical indicators GaStat: The Saudi unemployment rate is 12.8% in the 2nd Quarter (2017)  The General authority for Statistics (GaStat) published the Labor Market Bulletin for the second quarter of 2017 on Sunday Muharram 11th,1439H (Corresponding to October 1st,2017) which provides comprehensive data and indicators on the labor market in the Kingdom from April 1st to June 30th, 2017 (Corresponding to Rajab 15th to Shawwal 6th, 1438H) to support decision and policy makers regarding labor force. It also contributes in building a database on the labor market in the Kingdom that can be used to prepare and plan future social and economic development programs. The quarterly bulletin includes 67 statistical indicators which contain data and indicators from the Labor Force Survey estimates and labor market data from the administrative records of the relevant entities (Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance(GOSI), Human Resources Development Fund and National Information Center) applying international standards in this area. The results of the bulletin for the second quarter of 2017 indicated that the total number of employees from the data of administrative records in the Kingdom of Saudi Arabia reached (13,841,158) individuals compared to (13,889,137) for the first quarter of 2017.   According to the results of the bulletin also from the data of administrative records in the government agencies for the second quarter of 2017, the total number of Saudis seeking work reached (1,075,933) individuals, (216,352) of them are males and (859,581) are females. The results also showed that the highest percentage of Saudis seeking employment was among the age group (25-29), which is (34.2%). Also according to the results of the administrative records data, nearly half of the Saudi job seekers hold university degrees reaching (50.5%). The results of the bulletin showed that the unemployment rate in Saudi Arabia for the Saudi population (15 years and over) from the Labor Force Survey estimates for the second quarter 2017 reached (12.8%), (7.4%) are males and (33.1%) are females. And the unemployment rate in the Kingdom for the total population (15 years and over) is (6.0%), (3.3%) are males and (22.9%) are females. The results also showed that (11.6%) of the unemployed Saudis had previously worked, and (32.9%) of unemployed Saudis who had previously worked left their jobs due to dismissal from the employer. The survey results also showed that (9.6%) of unemployed Saudis have already been trained. Regarding the economic activity rate of total population (15 years and over) it reached (54.2%), divided between males (78.2%) and females (18.7%). In its bulletin, GaStat also explained that the economic activity rate for total Saudi population (15 years and over) reached (40.3%). The bulletin included a large number of detailed data on workers according to the regulations they are subject to, nationality, sex, age, administrative region and educational level, as well as data for job seekers, average monthly wages, working hours and domestic workers. For more details, you can view the bulletin through Gastat’s official website: www.stats.gov.sa

UN International Comparison Program board of directors holds second meeting Dr. Altekhaifi: KSA's distinctive work at statistics leads to council membership and participation in recurring meetings Saudi Arabia has participated at the second meeting of the board of directors of the International Comparison Program (ICP), which was held at Washington D.C. early this week.  His Excellency, president of the General Authority for Statistics, Dr. Fahad bin Sulaiman Altekhaifi, confirmed that the program’s work and results will help shape policies for global comparison to support statistical products of the participating countries. It will also enable the General Authority for Statistics to access the best global practices for statistics for the purpose of improving and developing the statistical work. Also, it will raise the quality of the data, which will reflect positively on the decisions for development that rely mainly on statistics. On the other hand, his excellency Dr. Altekhaifi pointed out that the board of directors, which has 11 countries including Saudi Arabia, which represents west Asia, has looked into the progress made when implementing the 2017 cycle in the participating areas. The council also specified a list of research topics including, implementing a rolling survey approach and building Purchasing Power Parity (PPP) time series, integrating ICP and Consumer Price Index (CPI) activities, Streamlining the process of establishing product lists and the use of importance indicators, improving the availability and quality of input data for rents, government services, and construction, streamline the use of productivity adjustments for government services, fine tuning global linking procedures, quality assurance of resulting PPPs and measures of reliability and other topics related to statistical work. Dr. Altekhaifi added that the ICP selecting of Saudi Arabia for the membership at the 2017-2019 cycle came as a result of the positive role of the General Authority for Statistics in different statistical programs organized by the UN. It also confirmed the kingdom’s effective role on the global map of statistics. Moreover, it reflects the results of the strategic transformation of the kingdom’s Statistic sector, which the leadership cares for and supports due to its role in aiding the national development decisions.  The ICP, which is under the supervision of the World Bank, is a partnership program for statistics on a global level. It is based on a statistical system that is connected with economic analysis. It uses statistical methods to derive the necessary data to calculate the PPP for about 200 countries and economies worldwide. It will facilitate the use of PPP as currency converters. That will allow for the comparison of the total economic indicators and the economic situations of countries worldwide. It is noteworthy to mention that the ICP board of directors is compiled of executives, chairpersons, and leading experts in 11 statistical devices participating in the program. They are distributed according to the regional areas: Africa, Asia, Pacific Islands, Latin America, the Caribbean, West Asia, Commonwealth of Independence States, European Union, non-European Union States, members of the organization for Economic Cooperation and Development, representatives of the International Monetary Fund, World Bank, UN Statistics Division, and the Inter-Agency Coordination Group.

Minister of economy launches the general authority for statistics and its electronic portal The authority of statistics signs 4 agreements with private and public sectors Media center- Riyadh Minister of economy and planning, chairman of the general authority for statistics, Eng. Adel bin Mohammed Faqeeh, launched the first day of working in the statistical field with a new structure and identity. This was an implementation of the supreme decree issued on 26-12-1536 H which states transforming the central department of statistics to be a general authority called ( the general authority for statistics). The authority is financially and administratively independent. In his speech that was declared in the launching event which was held in Marriot hotel, the minister expressed his gratitude and thanks to the custodian of the two holly mosques, king Salman bin Abdulaziz Alsaud, may God protect him, for his approval to transform the central department of statistics to be an independent authority. He confirmed that the work will start officially in the general authority for statistics as a result of many supreme directives, orders, and resolutions that support and enhance a lot of governmental sectors by transforming them into independent authorities that provide services compatible with the rapid changes and developments. On his part, the authority's general director, dr. Fahad bin Sulaiman Altukhaifi, in his name and on behalf of all the staff of the central department of statistics , and all those who work in the statistical sector , he expressed his gratitude and thanks to the custodian of the two holy mosques for his supreme approval to transform the central department of statistics to a general authority. Dr.Fahad said that this transformation process has been done through six fundamental tracks which can be briefed in a working strategy that is all about the authority’s clients and partners to fulfill the actual need of statistical products, then developing these products and services and improving statistical and data methodologies and procedures. In addition, it focuses on upgrading the level of information technologies and digital infrastructure in order to give the products the ability to start from a very tough base that can cope with all technological changes. It also concentrate on raising awareness and literacy in the statistical field, and finally structuring the authority’s different tasks and departments. He assured that the general authority for statistics’ role has become more important as long as there are national transformation projects as it is very crucial to provide accurate statistical data and effective indicators besides developing the measurement tools. On the first working day and after the transformation process, the authority’s general director has announced that the first of Muharram of the next year will be the day in which the information bank will be issued. This bank is one of the statistical development national strategy’ aspects, which aim to organize statistical data and information in Saudi Arabia, to guarantee providing the governmental sectors and individuals with statistical information and indicators through an easy and accurate technique. This is to support the development decisions via collaborative system, which starts with electronic linking between all data resources in many related sectors. Furthermore, minister of economy and planning Eng. Adel bin Mohammed Faqeeh has launched the electronic portal of the general authority for statistics. In this portal, the users can get all the needed information in very easy and direct ways through many windows and according to the international statistical and technical standards. On the first working day, four agreements have been signed with different private and public sectors. The authority has signed two agreements with the national information center in the interior ministry and e-government program (yesser). These agreements have been signed to develop the techniques of collecting, exchanging, and integrating data. The third agreement has been signed with the national center for communication, aiming to develop the mechanisms of communication with disabled people. It also aims to provide statistical content in sign language. On the other hand, the central department of statistics and information ex-directors and retired employees were honored. After the launching event, the authority held an introducing workshop with many partners from both the private and public sectors. This workshop aimed to introduce the authority and its roles. The participants watched a detailed presentation about the products and services in addition to the interactive statistics window and a brief of the statistical awareness. The minister of economy and planning revealed that the statistical sector partnership with the private and public sectors will open many opportunities for the statistical sector to be constantly developed and improved in order to be able to effectively collaborate in supporting any developmental decision taken by any private or public sector in all fields of national development. It is worth mentioning that the ministers’ council resolution issued on 13/1/1437 H included the approval of general authority for statistics structure, and made it the only authorized entity that technically and structurally supervise the statistics sector. It also made it the only responsible authority for creating thorough national statistical databases in different fields. Moreover, it made it the only responsible entity for managing the authority affairs and creating its own board of directors