General Authority for Statistics (GASTAT) issued on its official website www.stats.gov.sa today, 25 October 2022, the International Trade Publication of Saudi Arabia for August 2022. Value of merchandise exports in Saudi Arabia during August 2022 reached (134 billion riyals), compared to (90 billion riyals) in August 2021, with an increase of (44 billion riyals), a percentage of 49.1%, according to the data contained in this publication. Value of oil exports during August 2022 reached (107 billion riyals), compared to (67 billion riyals) during August 2021, with an increase of (40 billion riyals), a percentage of 60.2%. Value of non-oil exports (including re-exports) during August 2022 reached (27 billion riyals), compared to (23 billion riyals) during August 2021, with an increase of (4 billion riyals), a percentage of 16.6%, the publication results noted. Value of merchandise imports in Saudi Arabia during August 2022 reached (61 billion riyals), compared to (51 billion riyals) during August 2021, with an increase of (10 billion riyals), a percentage of 20.0%. GASTAT is the only official statistical reference for statistical data and information in Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, in addition to documenting and archiving all works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources. Data are written, classified, and analyzed; their indicators are extracted as well.

General Authority for Statistics (GASTAT) released on Wednesday, 19 October 2022 the results of the Real Estate Price Index for Q3 of 2022, and published it on its official website www.stats.gov.sa  The Publication’s results indicated a 1.5% increase in the general real estate price index for Q3 of 2022, compared to the same quarter of the previous year 2021, mainly due to the increase in residential real estate prices of +2.5%.   According to the Publication’s results, the increase in residential land prices largely affected the increase in real estate prices in Q3 of 2022, compared to Q2 of 2021. Residential sector recorded a 2.5% increase affected by a 2.6% increase in the residential land plots prices, on an annual basis in Q3 of 2022, due to its high relative importance in the general index. Among other residential real estate prices, the prices of villas and apartments increased by 0.2% and 1.0% respectively, whereas houses decreased by 0.7%.  However, the prices of residential buildings stabilized and did not record any significant changes. Commercial sector recorded a 0.4% decrease, due to the decrease in the prices of commercial lands plots by -0.4%. The prices of galleries also decreased by 1.5%, while the prices of commercial centers increased by 0.2%. On the other hand, the commercial buildings prices stabilized and did not record any significant changes. Agriculture sector decreased by 0.6% affected by the decrease in agriculture land prices by -0.6%. It is worth noting that GASTAT is the only official statistical reference for statistical data and information in Saudi Arabia. It carries out all the statistical work, in addition to the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and researches, analyzes data and information, in addition to documenting and archiving all works of information and statistical data that cover all aspects of life in Saudi Arabia from its multiple sources. Data are written, classified, and analyzed; their indicators are extracted as well.

The ninth meeting of the GCC Permanent Committee for Statistical Affairs was held today in Jeddah, chaired by Dr. Fahad bin Abdullah Aldossari, the President of the General Authority for Statistics (GASTAT) in Saudi Arabia. The meeting aimed to strengthen joint efforts among GCC member states in the field of statistics.

On the sidelines of the meeting, a joint workshop was organized to enhance performance in terms of the availability and exchange of statistical data among member states and to advance the implementation of the strategic statistical plan.

During the meeting, the committee members discussed several topics aimed at promoting cooperation among GCC countries to advance the statistical sector. They emphasized the importance of collaborative efforts to achieve strategic support and coordination in statistical activities. The agenda included a review of the progress in implementing recommendations from the previous meeting, continued study of statistical indicators to measure the implementation of Supreme Council decisions, and the importance of fostering knowledge development for staff in statistical agencies. The discussion also focused on enhancing skills, sharing expertise, activating joint cooperation mechanisms, and addressing global developments and common challenges facing statistical work across the GCC countries.

The Saudi Arabia Ministry of Economy and Planning (MEP) and the General Authority for Statistics (GASTAT) signed a Memorandum of Understanding (MOU) to enhance the use of data in the development of economic policies. The MOU establishes a framework for data and knowledge sharing between the two partners, as well as sharing enhanced statistical, scientific, and economic analysis. The agreement was signed by His Excellency Eng. Ammar Nagadi, the Vice Minister of Economy and Planning, and Dr. Fahad Aldossari, President of GASTAT. Commenting on the MOU, His Excellency Faisal Alibrahim, Minister of Economy and Planning and Chairman of GASTAT said “Both the Ministry and GASTAT are committed to supporting the public and private sector in achieving the goals of Saudi Vision 2030. A deep understanding of our data is key to ensure we are pulling the right levers to drive the Kingdom’s economic diversification journey and facilitating economic growth for all.” Alibrahim added “This agreement is a key milestone in our strong, and essential, partnership. It will enable us to publish a range of statistics, indicators, and products to support and empower policy and decision makers as well as assist the public in understanding policy priorities.” Dr. Fahad Aldosari, President of the General Authority for Statistics, said: “This agreement consolidates the framework of cooperation between the Ministry and GASTAT and ensures we are delivering access to high-quality and reliable data on which future decisions for developing procedures and policies that will help us achieve the ambitions of the Saudi Vision 2030”. The MOU comes as part of the efforts of MEP and GASTAT to support the development of statistical work and provide a new statistical dimension in the Kingdom, by benefiting from scientific and knowledge expertise in a way that contributes to achieving the goals of the Saudi Vision 2030.