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General Authority for Statistics News

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Collaboration between GsStat and the private sector to develop statistical work

12-09-2017

announcing (6) new economic surveys to support development Collaboration between GsStat and the private sector to develop statistical work GaStat revealed new economic surveys to be implemented this year and next year. These surveys aim at fulfilling the development needs, they include: insurance activity survey, direct foreign investment survey, intermediate and small establishments survey, retail activity survey, non-profit sector survey, and tourism survey.  This was mentioned in the second workshop held by GaStat yesterday (Monday) 13th February 2017 in Jeddah. HE dr. Fahad bin Sulaiman Altekhaifi, GaStat president, said that the private sector is an essential partner in the national development. He added, it integrates all public sectors and institutions in a way that strengthens the national economy. The collaboration between "statistics" and the private sector is part of the developmental movements which aim at achieving the 2030 Saudi vision and representing that with indicators that reflect the progress in the achievement of this vision. The role of GaStat, statistical national commission, and the statistical sector in general became more important now as the need for accurate statistical data, effective indicators, and measurement tools increased. Dr. Fahad indicated that one of the most important stages that GaStat works on these days is meeting the clients' needs whether from the public or private sector. It also works on establishing effective collaborations locally, nationally, and internationally with related parties. In addition to creating indicators necessary for current and future needs. GaStat works with its partners on unifying the information sources, facilitating their access, and providing innovative statistical products with international standards.   On the other hand, Mrs. Kholoud Aldakhail, the national statistical commission chairman, stated that the commission was established under the umbrella of the council of Saudi chambers based on the Saudi chambers board resolution number 13 /88/m issued in 15/6/1437 H as response to the ministry of economy and planning and GaStat request. This reflects GaStat initiative to make the private sector a collaborative sector. She asserted that the role of this committee, which include 23 members who work in the field of statistics, data, and information, is represented in the coordination with Saudi chambers of commerce all over Saudi Arabia. The coordination will be about statistical work activation, data exchange, and proposing methods to enhance the statistical work impacts on the private sector. Furthermore, it deals with elaborating the use of statistics in private sector, deepen relations between GaStat and Saudi chambers of commerce.  The workshop discussed two main themes; the requirements of data users in the private sector as one of the statistical sector components, determining required additional data by activity, and the proposed methods to develop the mechanism of data collection from the private sector institutions. GaStat has presented the economic surveys and the new surveys that will be implemented by them during these two years. They also presented the six tracks based on which the authority work which can be summarized in; a work strategy about the authority clients and partners to fulfill the actual need of statistical products, then developing these products and services and improving the statistical operations and methodologies. Also, raising the level of information technology and digital infrastructure to enable products to start from a strong base that can be adapted with any change. Moreover, focusing on raising statistical awareness, and building capabilities in the statistical field. In addition to structuring all GaStat tasks and departments.  At the end of the workshop, dr. Fahad expressed his thanks to all the participants. He asserted that the workshop outputs will contribute in enhancing the effectiveness of the decisions made by the private sector and its policy makers for the citizen's advantage and society economies which enhance his role in the domestic product growth, and guarantee making proper decisions based on accurate data to facilitate measuring their result and reflections.
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Collaboration between GsStat and the private sector to develop statistical work

12-09-2017

announcing (6) new economic surveys to support development Collaboration between GsStat and the private sector to develop statistical work GaStat revealed new economic surveys to be implemented this year and next year. These surveys aim at fulfilling the development needs, they include: insurance activity survey, direct foreign investment survey, intermediate and small establishments survey, retail activity survey, non-profit sector survey, and tourism survey.  This was mentioned in the second workshop held by GaStat yesterday (Monday) 13th February 2017 in Jeddah. HE dr. Fahad bin Sulaiman Altekhaifi, GaStat president, said that the private sector is an essential partner in the national development. He added, it integrates all public sectors and institutions in a way that strengthens the national economy. The collaboration between "statistics" and the private sector is part of the developmental movements which aim at achieving the 2030 Saudi vision and representing that with indicators that reflect the progress in the achievement of this vision. The role of GaStat, statistical national commission, and the statistical sector in general became more important now as the need for accurate statistical data, effective indicators, and measurement tools increased. Dr. Fahad indicated that one of the most important stages that GaStat works on these days is meeting the clients' needs whether from the public or private sector. It also works on establishing effective collaborations locally, nationally, and internationally with related parties. In addition to creating indicators necessary for current and future needs. GaStat works with its partners on unifying the information sources, facilitating their access, and providing innovative statistical products with international standards.   On the other hand, Mrs. Kholoud Aldakhail, the national statistical commission chairman, stated that the commission was established under the umbrella of the council of Saudi chambers based on the Saudi chambers board resolution number 13 /88/m issued in 15/6/1437 H as response to the ministry of economy and planning and GaStat request. This reflects GaStat initiative to make the private sector a collaborative sector. She asserted that the role of this committee, which include 23 members who work in the field of statistics, data, and information, is represented in the coordination with Saudi chambers of commerce all over Saudi Arabia. The coordination will be about statistical work activation, data exchange, and proposing methods to enhance the statistical work impacts on the private sector. Furthermore, it deals with elaborating the use of statistics in private sector, deepen relations between GaStat and Saudi chambers of commerce.  The workshop discussed two main themes; the requirements of data users in the private sector as one of the statistical sector components, determining required additional data by activity, and the proposed methods to develop the mechanism of data collection from the private sector institutions. GaStat has presented the economic surveys and the new surveys that will be implemented by them during these two years. They also presented the six tracks based on which the authority work which can be summarized in; a work strategy about the authority clients and partners to fulfill the actual need of statistical products, then developing these products and services and improving the statistical operations and methodologies. Also, raising the level of information technology and digital infrastructure to enable products to start from a strong base that can be adapted with any change. Moreover, focusing on raising statistical awareness, and building capabilities in the statistical field. In addition to structuring all GaStat tasks and departments.  At the end of the workshop, dr. Fahad expressed his thanks to all the participants. He asserted that the workshop outputs will contribute in enhancing the effectiveness of the decisions made by the private sector and its policy makers for the citizen's advantage and society economies which enhance his role in the domestic product growth, and guarantee making proper decisions based on accurate data to facilitate measuring their result and reflections.
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GaStat launches real estate index indicator

12-09-2017

Based on ministry of justice registry data GaStat launches real estate index indicator On Monday 18 Rabe'a second 1438 H corresponding 16 January 2017, GaStat launched the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice that is about real estate transactions in 2015 and 2016. GaStat described this indicator as an essential tool that supports entities which make economic and statistical decisions  associated with real estate price movements and future expectations during different periods of time. The indicator includes three main sectors composed of many real estate classes: residential sector ( piece of land, building, villa, apartment, and house) , commercial sector (piece of land, building, shop, and commercial center), and agricultural sector ( agricultural lands).  Real estate price index indicator showed a decrease in the Saudi real estate prices in 2016 compared to 2015 and 2014. The indicator registered a decrease of (6.1%) compared to 2015. Whereas it registered a decrease of (8.5%) compared to 2014. During the fourth quarter of 2016, this indicator recorded a decrease of ( 3.5%) compared to the previous quarter. However, it recorded a decrease of (8.7%) compared to the same quarter of 2015.  The report attributed the decrease in the fourth quarter of 2016 (compared to the previous quarter) to the decrease in all composing sectors: commercial sector (4.1%), residential sector (3.4%), and agricultural sector (0.3%).  On the other hand,  the decrease in the fourth quarter of 2016 (compared to the same quarter of 2015) to the decrease in all composing sectors: commercial sector (12.3%), residential sector (7.4%), and agricultural sector (1.1%).  GaStat indicated in a workshop ,held in " Restatex " exhibition in Dhahran city, that : as an official  reference of statistics and an organizer of statistical sector in Saudi Arabia, one of Gastat tasks is follow up the price movement of real estate composing units and record the values of their transactions all over Saudi Arabia. In addition to monitoring their changes from time to time through the new statistical product " real estate price index" which relies on the data provided by ministry of justice. This represents the integration and cooperation between the different government entities which aim at moving sustainable development forward.  GaStat also stated that the new statistical product aims at founding distinct real estate statistical indicators that measure the Saudi real estate market performance and fill the gap of data in this sector. It is considered an essential tool that supports entities which make economic decisions in this field. This product's data benefit those who are interested in the economic and statistical analysis of real estate prices and the future expectations during different periods of time. GaStat has issued a complete bulletin about this index and its details on its website. It is worth mentioning that GaStat has announced 45 new statistical products as a first stage of the new products  which included economic, social, demographic, Umrah , and labor market statistics.  In addition to energy, knowledge, environment, culture, sport, entertainment, safety, and security statistics. Download: Real Estate Price Index Q4 2016 (PDF)
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GaStat launches real estate index indicator

12-09-2017

Based on ministry of justice registry data GaStat launches real estate index indicator On Monday 18 Rabe'a second 1438 H corresponding 16 January 2017, GaStat launched the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice that is about real estate transactions in 2015 and 2016. GaStat described this indicator as an essential tool that supports entities which make economic and statistical decisions  associated with real estate price movements and future expectations during different periods of time. The indicator includes three main sectors composed of many real estate classes: residential sector ( piece of land, building, villa, apartment, and house) , commercial sector (piece of land, building, shop, and commercial center), and agricultural sector ( agricultural lands).  Real estate price index indicator showed a decrease in the Saudi real estate prices in 2016 compared to 2015 and 2014. The indicator registered a decrease of (6.1%) compared to 2015. Whereas it registered a decrease of (8.5%) compared to 2014. During the fourth quarter of 2016, this indicator recorded a decrease of ( 3.5%) compared to the previous quarter. However, it recorded a decrease of (8.7%) compared to the same quarter of 2015.  The report attributed the decrease in the fourth quarter of 2016 (compared to the previous quarter) to the decrease in all composing sectors: commercial sector (4.1%), residential sector (3.4%), and agricultural sector (0.3%).  On the other hand,  the decrease in the fourth quarter of 2016 (compared to the same quarter of 2015) to the decrease in all composing sectors: commercial sector (12.3%), residential sector (7.4%), and agricultural sector (1.1%).  GaStat indicated in a workshop ,held in " Restatex " exhibition in Dhahran city, that : as an official  reference of statistics and an organizer of statistical sector in Saudi Arabia, one of Gastat tasks is follow up the price movement of real estate composing units and record the values of their transactions all over Saudi Arabia. In addition to monitoring their changes from time to time through the new statistical product " real estate price index" which relies on the data provided by ministry of justice. This represents the integration and cooperation between the different government entities which aim at moving sustainable development forward.  GaStat also stated that the new statistical product aims at founding distinct real estate statistical indicators that measure the Saudi real estate market performance and fill the gap of data in this sector. It is considered an essential tool that supports entities which make economic decisions in this field. This product's data benefit those who are interested in the economic and statistical analysis of real estate prices and the future expectations during different periods of time. GaStat has issued a complete bulletin about this index and its details on its website. It is worth mentioning that GaStat has announced 45 new statistical products as a first stage of the new products  which included economic, social, demographic, Umrah , and labor market statistics.  In addition to energy, knowledge, environment, culture, sport, entertainment, safety, and security statistics. Download: Real Estate Price Index Q4 2016 (PDF)
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Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries

12-09-2017

According to the human development report issued by a UN program with a remarkable progress Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries Saudi Arabia registered the second rank on the Arab world level and the thirty eighth internationally within the very high-level human development countries according to the human development report issued by the UN developmental program 2016. Dr. Fahad bin Sulaiman Altekhaifi, GaStat president, clarified that Saudi Arabia has reached that remarkable progress which was reflected in the human development report issued by the UN developmental program 2016. He added, Saudi Arabia was classified within the countries that have the highest levels of human development.  His Excellency assured that the report is one of the annual reports issued by the UN developmental program since 1990. In addition to the main topics it discusses and resolves annually, the program includes many statistical tables of various indicators, the most important of which is a table that contains the human development guide classified by the level of human development all over the world. This guide is considered a standard that summarizes all achievements in the field of development through three main dimensions: individual health life, knowledge acquisition, and the proper living standard.  He indicated that this improvement in the Saudi level of human development is continuous one. During the past three years, Saudi Arabia registered the (39th) rank last year, the (55th) rank in 2010, and the (77th) rank in 2005. This progress is attributed to the noticeable improvement in all elements of the human development guide which are represented in the expected age of birth, the expected average of studying years which means the expected number of studying years that a child is expected to spend since he/she starts going to school, supposing that the rates of this process by age groups remain stable during all times. The guide elements also include the gross national income per capita which is calculated by the purchase power rate in Dollar.  It is worth mentioning that the human development report divides the world into four groups by value of human development guide’s indicator. Countries with low-level human development have a value of (0R550), whereas countries with intermediate-level human development, their value ranges between (0R550) and (0R699). However, countries with high-level human development have a guide value that ranges between (0R700) and (0R799), and countries with a very high-level of human development have a value of (0R800) or more. The Saudi indicator mentioned in the 2016 report registered (0R847).  Dr. Fahad stressed that this report reflects the level of human development that Saudi Arabia witnesses in many fields. It shows the exerted efforts on many levels. These efforts were achieved as a response to the continuous directions of the custodian of the two holly mosques, his crown prince, and his deputy crown prince. It also reflects the goals upon which the 2030 Saudi vision is made, the vision that represents a promising document that aims at achieving the sustainable development and coping with all rapid developmental changes internationally.
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Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries

12-09-2017

According to the human development report issued by a UN program with a remarkable progress Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries Saudi Arabia registered the second rank on the Arab world level and the thirty eighth internationally within the very high-level human development countries according to the human development report issued by the UN developmental program 2016. Dr. Fahad bin Sulaiman Altekhaifi, GaStat president, clarified that Saudi Arabia has reached that remarkable progress which was reflected in the human development report issued by the UN developmental program 2016. He added, Saudi Arabia was classified within the countries that have the highest levels of human development.  His Excellency assured that the report is one of the annual reports issued by the UN developmental program since 1990. In addition to the main topics it discusses and resolves annually, the program includes many statistical tables of various indicators, the most important of which is a table that contains the human development guide classified by the level of human development all over the world. This guide is considered a standard that summarizes all achievements in the field of development through three main dimensions: individual health life, knowledge acquisition, and the proper living standard.  He indicated that this improvement in the Saudi level of human development is continuous one. During the past three years, Saudi Arabia registered the (39th) rank last year, the (55th) rank in 2010, and the (77th) rank in 2005. This progress is attributed to the noticeable improvement in all elements of the human development guide which are represented in the expected age of birth, the expected average of studying years which means the expected number of studying years that a child is expected to spend since he/she starts going to school, supposing that the rates of this process by age groups remain stable during all times. The guide elements also include the gross national income per capita which is calculated by the purchase power rate in Dollar.  It is worth mentioning that the human development report divides the world into four groups by value of human development guide’s indicator. Countries with low-level human development have a value of (0R550), whereas countries with intermediate-level human development, their value ranges between (0R550) and (0R699). However, countries with high-level human development have a guide value that ranges between (0R700) and (0R799), and countries with a very high-level of human development have a value of (0R800) or more. The Saudi indicator mentioned in the 2016 report registered (0R847).  Dr. Fahad stressed that this report reflects the level of human development that Saudi Arabia witnesses in many fields. It shows the exerted efforts on many levels. These efforts were achieved as a response to the continuous directions of the custodian of the two holly mosques, his crown prince, and his deputy crown prince. It also reflects the goals upon which the 2030 Saudi vision is made, the vision that represents a promising document that aims at achieving the sustainable development and coping with all rapid developmental changes internationally.
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Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum

12-09-2017

Based on 3 Strategic Pillars Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum The First GCC Statistical Forum held in Riyadh concluded by announcing 14 recommendations, co-drafted by decision and policy makers, academia, private sector, in addition to the leaders of the statistical data and information authorities, systems and centers in the GCC countries and international and regional organizations. The participants in the Forum, organized by the General Authority for Statistics in Saudi Arabia and the GCC Statistical Center, stressed the importance, moving forward, of strengthening and increasing the effectiveness of the ongoing efforts in the various related fields, based on three strategic pillars (Partnerships, Development and Harmonization, and Resources). The participants also agreed on the importance of holding the Forum on a regular basis ever two years, to monitor progress and achievements in the areas of joint work and collaboration, and discuss the latest developments in the demand for and the production and dissemination of official statistics. The next forum will take place, in Muscat, in March 2019. This announcement came along with the Forum participants’ acknowledgment of the extra burden put on the national statistical authorities, centers and systems by the ever increasing and evolving demand for better quality statistics. The recommendations on the Partnerships Pillar stressed the need to (i) Strengthen the cooperation and dialogue mechanisms between statistics users and producers at the national level, so that the needs of users are met and the priorities are set in a better way; (ii) Enhance coordination and cooperation between producers of statistics in countries, to share knowledge and best practice, avoid duplication of efforts, and increase the quality of official statistics; (iii) Improve coordination and cooperation at the regional and international levels, to keep pace with and ensure contribution to and benefit from relevant developments, and to exchange expertise and experiences; (iv) Explore the potential of public private partnerships in statistics, to increase the frequency of data and develop new data sources; and (v) Foster collaboration and partnerships with the academic community in the GCC region, to serve a wide array of objectives including improving statistical literacy, adding value to statistical production, increasing the correct use of data, and strengthening training and capacity development.    In terms of the Development and Harmonization Pillar, the participants recommended to (i) Improve the quality and comparability of official statistics, to meet the needs of users; (ii) Incorporate contemporary international statistical standards and classifications; (iii) Enhance the use of administrative registers to produce official statistics; (iv) Take full advantage of modern statistical tools and technologies; and (v) Promote the correct use of statistics and statistical awareness and culture in society. Finally, regarding the Sources Pillar, the participants’ recommendations included to (i) Operate statistical agencies in an efficient, cost-effective and results-based manner; (ii) Attract and keep qualified GCC nationals in the statistical work; (iii) Increase the effectiveness and coverage of capacity development programs; and (iv) Explore alternative sources of funding and cost sharing outside the framework of official statistics including with the private sector. For the recommendations of the first Gulf Statistical Forum | Press here
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Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum

12-09-2017

Based on 3 Strategic Pillars Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum The First GCC Statistical Forum held in Riyadh concluded by announcing 14 recommendations, co-drafted by decision and policy makers, academia, private sector, in addition to the leaders of the statistical data and information authorities, systems and centers in the GCC countries and international and regional organizations. The participants in the Forum, organized by the General Authority for Statistics in Saudi Arabia and the GCC Statistical Center, stressed the importance, moving forward, of strengthening and increasing the effectiveness of the ongoing efforts in the various related fields, based on three strategic pillars (Partnerships, Development and Harmonization, and Resources). The participants also agreed on the importance of holding the Forum on a regular basis ever two years, to monitor progress and achievements in the areas of joint work and collaboration, and discuss the latest developments in the demand for and the production and dissemination of official statistics. The next forum will take place, in Muscat, in March 2019. This announcement came along with the Forum participants’ acknowledgment of the extra burden put on the national statistical authorities, centers and systems by the ever increasing and evolving demand for better quality statistics. The recommendations on the Partnerships Pillar stressed the need to (i) Strengthen the cooperation and dialogue mechanisms between statistics users and producers at the national level, so that the needs of users are met and the priorities are set in a better way; (ii) Enhance coordination and cooperation between producers of statistics in countries, to share knowledge and best practice, avoid duplication of efforts, and increase the quality of official statistics; (iii) Improve coordination and cooperation at the regional and international levels, to keep pace with and ensure contribution to and benefit from relevant developments, and to exchange expertise and experiences; (iv) Explore the potential of public private partnerships in statistics, to increase the frequency of data and develop new data sources; and (v) Foster collaboration and partnerships with the academic community in the GCC region, to serve a wide array of objectives including improving statistical literacy, adding value to statistical production, increasing the correct use of data, and strengthening training and capacity development.    In terms of the Development and Harmonization Pillar, the participants recommended to (i) Improve the quality and comparability of official statistics, to meet the needs of users; (ii) Incorporate contemporary international statistical standards and classifications; (iii) Enhance the use of administrative registers to produce official statistics; (iv) Take full advantage of modern statistical tools and technologies; and (v) Promote the correct use of statistics and statistical awareness and culture in society. Finally, regarding the Sources Pillar, the participants’ recommendations included to (i) Operate statistical agencies in an efficient, cost-effective and results-based manner; (ii) Attract and keep qualified GCC nationals in the statistical work; (iii) Increase the effectiveness and coverage of capacity development programs; and (iv) Explore alternative sources of funding and cost sharing outside the framework of official statistics including with the private sector. For the recommendations of the first Gulf Statistical Forum | Press here
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Collaboration between GsStat and the private sector to develop statistical work

12-09-2017

announcing (6) new economic surveys to support development Collaboration between GsStat and the private sector to develop statistical work GaStat revealed new economic surveys to be implemented this year and next year. These surveys aim at fulfilling the development needs, they include: insurance activity survey, direct foreign investment survey, intermediate and small establishments survey, retail activity survey, non-profit sector survey, and tourism survey.  This was mentioned in the second workshop held by GaStat yesterday (Monday) 13th February 2017 in Jeddah. HE dr. Fahad bin Sulaiman Altekhaifi, GaStat president, said that the private sector is an essential partner in the national development. He added, it integrates all public sectors and institutions in a way that strengthens the national economy. The collaboration between "statistics" and the private sector is part of the developmental movements which aim at achieving the 2030 Saudi vision and representing that with indicators that reflect the progress in the achievement of this vision. The role of GaStat, statistical national commission, and the statistical sector in general became more important now as the need for accurate statistical data, effective indicators, and measurement tools increased. Dr. Fahad indicated that one of the most important stages that GaStat works on these days is meeting the clients' needs whether from the public or private sector. It also works on establishing effective collaborations locally, nationally, and internationally with related parties. In addition to creating indicators necessary for current and future needs. GaStat works with its partners on unifying the information sources, facilitating their access, and providing innovative statistical products with international standards.   On the other hand, Mrs. Kholoud Aldakhail, the national statistical commission chairman, stated that the commission was established under the umbrella of the council of Saudi chambers based on the Saudi chambers board resolution number 13 /88/m issued in 15/6/1437 H as response to the ministry of economy and planning and GaStat request. This reflects GaStat initiative to make the private sector a collaborative sector. She asserted that the role of this committee, which include 23 members who work in the field of statistics, data, and information, is represented in the coordination with Saudi chambers of commerce all over Saudi Arabia. The coordination will be about statistical work activation, data exchange, and proposing methods to enhance the statistical work impacts on the private sector. Furthermore, it deals with elaborating the use of statistics in private sector, deepen relations between GaStat and Saudi chambers of commerce.  The workshop discussed two main themes; the requirements of data users in the private sector as one of the statistical sector components, determining required additional data by activity, and the proposed methods to develop the mechanism of data collection from the private sector institutions. GaStat has presented the economic surveys and the new surveys that will be implemented by them during these two years. They also presented the six tracks based on which the authority work which can be summarized in; a work strategy about the authority clients and partners to fulfill the actual need of statistical products, then developing these products and services and improving the statistical operations and methodologies. Also, raising the level of information technology and digital infrastructure to enable products to start from a strong base that can be adapted with any change. Moreover, focusing on raising statistical awareness, and building capabilities in the statistical field. In addition to structuring all GaStat tasks and departments.  At the end of the workshop, dr. Fahad expressed his thanks to all the participants. He asserted that the workshop outputs will contribute in enhancing the effectiveness of the decisions made by the private sector and its policy makers for the citizen's advantage and society economies which enhance his role in the domestic product growth, and guarantee making proper decisions based on accurate data to facilitate measuring their result and reflections.
Image Alt Text

GaStat launches real estate index indicator

12-09-2017

Based on ministry of justice registry data GaStat launches real estate index indicator On Monday 18 Rabe'a second 1438 H corresponding 16 January 2017, GaStat launched the Saudi real estate index indicator. This indicator is based on available registry data of the ministry of justice that is about real estate transactions in 2015 and 2016. GaStat described this indicator as an essential tool that supports entities which make economic and statistical decisions  associated with real estate price movements and future expectations during different periods of time. The indicator includes three main sectors composed of many real estate classes: residential sector ( piece of land, building, villa, apartment, and house) , commercial sector (piece of land, building, shop, and commercial center), and agricultural sector ( agricultural lands).  Real estate price index indicator showed a decrease in the Saudi real estate prices in 2016 compared to 2015 and 2014. The indicator registered a decrease of (6.1%) compared to 2015. Whereas it registered a decrease of (8.5%) compared to 2014. During the fourth quarter of 2016, this indicator recorded a decrease of ( 3.5%) compared to the previous quarter. However, it recorded a decrease of (8.7%) compared to the same quarter of 2015.  The report attributed the decrease in the fourth quarter of 2016 (compared to the previous quarter) to the decrease in all composing sectors: commercial sector (4.1%), residential sector (3.4%), and agricultural sector (0.3%).  On the other hand,  the decrease in the fourth quarter of 2016 (compared to the same quarter of 2015) to the decrease in all composing sectors: commercial sector (12.3%), residential sector (7.4%), and agricultural sector (1.1%).  GaStat indicated in a workshop ,held in " Restatex " exhibition in Dhahran city, that : as an official  reference of statistics and an organizer of statistical sector in Saudi Arabia, one of Gastat tasks is follow up the price movement of real estate composing units and record the values of their transactions all over Saudi Arabia. In addition to monitoring their changes from time to time through the new statistical product " real estate price index" which relies on the data provided by ministry of justice. This represents the integration and cooperation between the different government entities which aim at moving sustainable development forward.  GaStat also stated that the new statistical product aims at founding distinct real estate statistical indicators that measure the Saudi real estate market performance and fill the gap of data in this sector. It is considered an essential tool that supports entities which make economic decisions in this field. This product's data benefit those who are interested in the economic and statistical analysis of real estate prices and the future expectations during different periods of time. GaStat has issued a complete bulletin about this index and its details on its website. It is worth mentioning that GaStat has announced 45 new statistical products as a first stage of the new products  which included economic, social, demographic, Umrah , and labor market statistics.  In addition to energy, knowledge, environment, culture, sport, entertainment, safety, and security statistics. Download: Real Estate Price Index Q4 2016 (PDF)
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Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries

12-09-2017

According to the human development report issued by a UN program with a remarkable progress Saudi Arabia is “the second country on the Arab world level and the thirty eighth internationally” within the very high-level human development countries Saudi Arabia registered the second rank on the Arab world level and the thirty eighth internationally within the very high-level human development countries according to the human development report issued by the UN developmental program 2016. Dr. Fahad bin Sulaiman Altekhaifi, GaStat president, clarified that Saudi Arabia has reached that remarkable progress which was reflected in the human development report issued by the UN developmental program 2016. He added, Saudi Arabia was classified within the countries that have the highest levels of human development.  His Excellency assured that the report is one of the annual reports issued by the UN developmental program since 1990. In addition to the main topics it discusses and resolves annually, the program includes many statistical tables of various indicators, the most important of which is a table that contains the human development guide classified by the level of human development all over the world. This guide is considered a standard that summarizes all achievements in the field of development through three main dimensions: individual health life, knowledge acquisition, and the proper living standard.  He indicated that this improvement in the Saudi level of human development is continuous one. During the past three years, Saudi Arabia registered the (39th) rank last year, the (55th) rank in 2010, and the (77th) rank in 2005. This progress is attributed to the noticeable improvement in all elements of the human development guide which are represented in the expected age of birth, the expected average of studying years which means the expected number of studying years that a child is expected to spend since he/she starts going to school, supposing that the rates of this process by age groups remain stable during all times. The guide elements also include the gross national income per capita which is calculated by the purchase power rate in Dollar.  It is worth mentioning that the human development report divides the world into four groups by value of human development guide’s indicator. Countries with low-level human development have a value of (0R550), whereas countries with intermediate-level human development, their value ranges between (0R550) and (0R699). However, countries with high-level human development have a guide value that ranges between (0R700) and (0R799), and countries with a very high-level of human development have a value of (0R800) or more. The Saudi indicator mentioned in the 2016 report registered (0R847).  Dr. Fahad stressed that this report reflects the level of human development that Saudi Arabia witnesses in many fields. It shows the exerted efforts on many levels. These efforts were achieved as a response to the continuous directions of the custodian of the two holly mosques, his crown prince, and his deputy crown prince. It also reflects the goals upon which the 2030 Saudi vision is made, the vision that represents a promising document that aims at achieving the sustainable development and coping with all rapid developmental changes internationally.
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Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum

12-09-2017

Based on 3 Strategic Pillars Riyadh Announces 14 Recommendations at the Conclusion of the First GCC Statistical Forum The First GCC Statistical Forum held in Riyadh concluded by announcing 14 recommendations, co-drafted by decision and policy makers, academia, private sector, in addition to the leaders of the statistical data and information authorities, systems and centers in the GCC countries and international and regional organizations. The participants in the Forum, organized by the General Authority for Statistics in Saudi Arabia and the GCC Statistical Center, stressed the importance, moving forward, of strengthening and increasing the effectiveness of the ongoing efforts in the various related fields, based on three strategic pillars (Partnerships, Development and Harmonization, and Resources). The participants also agreed on the importance of holding the Forum on a regular basis ever two years, to monitor progress and achievements in the areas of joint work and collaboration, and discuss the latest developments in the demand for and the production and dissemination of official statistics. The next forum will take place, in Muscat, in March 2019. This announcement came along with the Forum participants’ acknowledgment of the extra burden put on the national statistical authorities, centers and systems by the ever increasing and evolving demand for better quality statistics. The recommendations on the Partnerships Pillar stressed the need to (i) Strengthen the cooperation and dialogue mechanisms between statistics users and producers at the national level, so that the needs of users are met and the priorities are set in a better way; (ii) Enhance coordination and cooperation between producers of statistics in countries, to share knowledge and best practice, avoid duplication of efforts, and increase the quality of official statistics; (iii) Improve coordination and cooperation at the regional and international levels, to keep pace with and ensure contribution to and benefit from relevant developments, and to exchange expertise and experiences; (iv) Explore the potential of public private partnerships in statistics, to increase the frequency of data and develop new data sources; and (v) Foster collaboration and partnerships with the academic community in the GCC region, to serve a wide array of objectives including improving statistical literacy, adding value to statistical production, increasing the correct use of data, and strengthening training and capacity development.    In terms of the Development and Harmonization Pillar, the participants recommended to (i) Improve the quality and comparability of official statistics, to meet the needs of users; (ii) Incorporate contemporary international statistical standards and classifications; (iii) Enhance the use of administrative registers to produce official statistics; (iv) Take full advantage of modern statistical tools and technologies; and (v) Promote the correct use of statistics and statistical awareness and culture in society. Finally, regarding the Sources Pillar, the participants’ recommendations included to (i) Operate statistical agencies in an efficient, cost-effective and results-based manner; (ii) Attract and keep qualified GCC nationals in the statistical work; (iii) Increase the effectiveness and coverage of capacity development programs; and (iv) Explore alternative sources of funding and cost sharing outside the framework of official statistics including with the private sector. For the recommendations of the first Gulf Statistical Forum | Press here
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