Based on record data from the Ministry of Justice GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017 On Monday  1 Dhu al- Qa’dah, 1438H (July 24, 2017), the General Authority for Statistics (GaStat) issued the Real Estate Price Index in Saudi Arabia, which is based on record data available at the Ministry of Justice about real estate transactions. GaStat described the Real Estate Price Index as an important tool to support stakeholders in making economic and statistical decisions regarding the movements of real estate prices and future forecasts during different periods of time. The index includes three main sectors consisting of several types of real estate: Residential sector consisting of the following types (land, Apartment and house), commercial sector consisting of (land, building, showroom/ store or commercial centre), agricultural sector consisting of one type which is agricultural land. The Real Estate Price Index showed a decline in real estate prices for the second quarter of 2017, which reached 0.6% compared to the previous quarter (1st quarter 20170) . the index also recorded a decline of 8.6% in the second quarter of 2017 compared to the same quarter last year (2nd quarter 2016). The report, which was published today, attributed the decline in Real Estate Price Index for the 2nd quarter of 2017 compared to the previous quarter (1st quarter 2017) to the decline witnessed in two of the main sectors comprising the index: the commercial sector 2.2% and the agricultural sector 0.2%, while The housing sector rose 0.2%. The decline in the Real Estate Price index for the second quarter of 2017 compared to the previous year (second quarter 2016) is the result of the decline in all the main sectors comprising the index: the commercial sector 10.9%, the residential sector 7.9%, the agricultural sector 1.0% . As part of its duties as an official reference for statistics in Saudi Arabia and as a supervisor and organizer of the statistical sector, the General Authority for Statistics has taken care to monitor the movements of the prices of the constituent units of the real estate sector and monitor the value of their transactions in various regions of the Kingdom and follow the changes that occur from time to time through the statistical product “Real Estate Price Index” which is prepared based on data  provided by the Ministry of Justice in this field, within the framework of integration and cooperation between the various governmental bodies aimed at advancing sustainable development in the Kingdom. This product aims at finding unique real estate indices that measure the performance of real estate market in the Kingdom and fill the data gap in this sector. It is an important tool to support economic decision makers. Its data benefit individuals interested in the economic and statistical analysis of real estate movements and future forecast during different periods of time.

First: Recommendations to improve efficiency of statistical entities: Second: Recommendations to improve efficiency of statistical products: Third: Recommendations to follow up indicators of sustainable development: Fourth: Recommendations to activate statistics technology use: Fifth: Recommendations to raise statistical awareness: Sixth: Recommendations to improve private sector efficiency: Seventh: Recommendation to develop inter-Gulf statistical work:

Including data of more than 57 entities GASTAT issues the 2016  annual book    The general Authority for Statistics GASTAT issued its annual statistical book (52) of the year 1437/1438H (2016).  This book is considered one of the most important statistical products that GASTAT issues to register and document all statistical data and information and present the public and private sectors’ activities. Moreover, it reflects the growth and development rates in demographic, social, and economic fields. The statistical book, which has more than 460 pages, includes the most important data and information of many developmental sectors. Furthermore, it includes the results of the statistical works conducted by GASTAT over one year, in addition to what GASTAT receives from the governmental statistical departments. The data and information have been distributed among 15 chapters. the book also specified 289 tables that contain data and information of more than 57 government entities.  The statistical book data includes statistics of population, education and training, health. Social services, social insurance, transportation and telecommunication, water and energy, labour market, prices and indices, financial and monetary affairs, national accounts, industry, agriculture and hunting, local and foreign trade, and cooperation council. In addition, it includes statistics about natural conditions, thermometers readings, some natural phenomena such as dust, rainstorms, fog, rain quantity, humidity, atmospheric pressure, and wind speed.

To develop the statistical sector and follow up the sustainable development goals Saudi Arabia participates in the (48) round of the UN statistical commission Saudi Arabia participates in the 48th round of the UN statistical commission which is currently held in the UN headquarter in New York. The commission works will continue till Saturday 10th of March 2017. The Saudi delegation is headed by Dr. Fahad bin Sulaiman Altekhaifi. Dr. Fahad said that the participation represents part of the general authority for statistics strategy in establishing international collaborations and benefiting from the best statistical practices, so that they can be reflected on the development of the statistical sector in Saudi Arabia. He added, with this participation, Saudi Arabia aims at following up all the developments regarding the sustainable development agenda and the measurement indicators that are approved by the UN statistical commission to measure the progress in achieving economic, social, and environmental goals. In addition to the effective participation that reflects the important role of Saudi Arabia in the international statistics map. The Saudi delegation will also discuss the proposed mechanisms to develop the national statistical systems and methodologies, prepare statistical policies that affect the development process to support decision and policy makers, in addition to the exchange of experiences provided by statistical, developmental, and economic international organization.  On the other hand, Dr. Fahad clarified that this round will discuss many essential topics related to the role of statistical data in the development process, and developing its methodologies and data sources and the way they are published to be available for users on the proper time. Moreover, the round will discuss the agenda of official statistical systems transformation to enable countries to update the statistical process in order to support sustainable development agenda. GaStat will participate in discussing all issues related to prices, national accounts system, economic-environmental accounting, statistical classifications, international trade, weather statistics, disability statistics, IT and telecommunication statistics, big data as a new source of official statistics, and other topics related to quality assurance, official statistics fundamentals, the preparations for the coming HH surveys, and many other topics.  It is worth mentioning that Saudi Arabia has been selected with other (11) countries from all over the world to be a board-member in the international comparison program (ICP) in the United Nations (round 2017-2019). It has been nominated by the UN statistical commission and the data development group in the world bank to represent West Asia countries. Saudi Arabia has been selected for the positive role of the general authority for statistics (GaStat) in the different statistical programs organized by the united nations. The ICP structure includes: UN statistical commission, board of directors (with GaStat membership), and the mutual team works from different agencies and coordination committees and technical consultations. In addition to the international implementing entity (the world bank), the regional offices, Eurostat, OECD, and the national offices and organizations.