GASTAT Publishes International Trade Report for Q1 of 2023
General Authority for Statistics issued Saudi Arabia's International Trade Publication for Q1 of 2023. According to the publication, the value of merchandise exports of Saudi Arabia during Q1 of 2023 amounted to SAR 313.5 billion, compared to SAR 367.1 billion during Q1 of 2022, with a decrease of SAR 53.6 billion, by 14.6%.
The publication indicated that the value of oil exports in March 2023 recorded 245,4 billion SAR compared to 288,5 billion SAR in March 2022 during Q1, with a decrease of 43,1 billion SAR by 14.9%. On the other hand, the decline of non-oil exports was the main driver of merchandise exports decline.
According to the publication's results, the value of non-oil exports (including re-export) during March 2023 amounted to SAR 68,1 billion SAR, compared to SAR 78,6 billion SAR during March 2022, with a decrease of SAR 10,5 billion SAR, by 13.3%.
While the value of imports during Q1 of 2023 amounted to 186.4 billion SAR, compared to 157.9 billion SAR during Q1 of 2022 , with an increase of (28.5 billion) twenty-eight billion five hundred million SAR, by (18.0%).
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.
Industrial Production Index Increases by 6.8% in January 2023
General Authority for Statistics (GASTAT) issued, on its official website www.stats.gov.sa, today, March 9, 2023, the results of the Industrial Production Index (IPI) for January 2023.
Industrial Production Index (IPI) increased by 6.8% in January 2023, compared to January 2022, according to the publication. This increase mainly originated from the increase in mining, quarrying, and manufacturing activity.
Mining and quarrying activity index increased by 3% in January 2023, compared to the same month in the previous year (January 2022). Manufacturing activity also increased by 19.2% in January 2023, compared to January 2022. Electricity and gas supply decreased by 3.4% compared to January 2022, according to the monthly publication.
It is noteworthy that GASTAT issues a number of Industry-related statistical products, including the industrial production index (IPI), which is an economic indicator that reflects relative changes and evolution in the volume of industrial production quantities based on the data of the industrial production survey. It is implemented monthly and targets industrial establishments operating in the targeted activities, which are mining and quarrying, manufacturing, and electricity and gas supply.
GASTAT: Industrial Production Index Increases by 7.3% in December 2022
General Authority for Statistics (GASTAT) issued, on its official website www.stats.gov.sa, today, February 9, 2023, the results of the industrial production index (IPI) for December 2022.
The publication results showed that during December 2022, IPI increased by 7.3% compared to the same month in the previous year (December 2021), as a result of the increase in mining, quarrying, and manufacturing activity.
The results of the index's monthly publication revealed that the mining and quarrying activity index for December 2022 increased by 4.1% compared to the same month in the previous year (December 2021). Manufacturing activity also increased by 18.5% in December 2022 compared to the same month in the previous year (December 2021), while electricity and gas supply activity decreased by 6.5% compared to December 2021.
According to the report's results, the industrial production index recorded positive growth rates during the year 2022, due to the increase in mining and quarrying activity as well as manufacturing activity.
It is noteworthy that GASTAT issues a number of Industry-related statistical products, including the industrial production index (IPI), which is an economic indicator that reflects relative changes and evolution in the volume of industrial production quantities based on the data of the industrial production survey. It is implemented monthly and targets industrial establishments operating in the targeted activities, which are mining and quarrying, manufacturing, and electricity and gas supply.
Total expenditure on research and development in Saudi Arabia reaches 14.5 billion in 2021
General Authority for Statistics issued on its official website www.stats.gov.sa today, 8 February 2023, the research and development statistics publication for 2021. Based on the results of the publication, total expenditure on research and development amounted to 14.5 billion SAR, while the numbers of workers in this field reached 30,220 workers, and the number of researchers recorded 24,808 researchers during 2021.
The government sector recorded the highest percentage in terms of expenditure on research and development by (50%) of total expenditure, followed by the private sector by (35%). As for the education sector, the percentage of expenditure reached (15%).
However, the workers in the education sector achieved the largest percentage in the field of research and development, reaching (83%), with 25,178 workers. At the level of the government sector, the number of workers recorded 2,967 workers, with (10%) of total workers; while the private sector ranked last with 2,075 workers by (7%) during 2021, according to the publication.
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 research, 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.
Saudi Economy Grows by 8.7% in 2022 and 5.4% in Q4/2022
General Authority for Statistics (GASTAT) issued on its official website www.stats.gov.sa today, 31 January 2023, the flash estimates report on GDP growth rate for the year 2022 and flash estimates of GDP for the fourth quarter of 2022.
According to flash estimates, the real GDP during the fourth quarter of 2022 grew by 5.4% compared to Q4/2021, and the real GDP during the year 2022 grew by 8.7% compared to the previous year 2021.
The results of the report indicated that the real GDP of oil activities grew by 6.1% during the fourth quarter of the year 2022, compared to the same quarter of the previous year 2021. Real GDP of oil activities during the year 2022 grew by 15.4% compared to the previous year 2021.
Real GDP of non-oil activities grew by 6.2% compared to the same quarter of the previous year. Real GDP of non-oil activities during the year 2022 grew by 5.4% compared to the previous year 2021.
The results of the report showed that the seasonally adjusted real GDP increased by 1.5% during the fourth quarter of 2022, compared to the third quarter of 2022.
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.
GASTAT joins Gulf statistical agencies in celebrating Gulf Statistics Day
The GCC countries celebrate the Gulf Statistics Day, which is marked on 24 December 2022 under the theme "Statistics for Sustainable Opportunities". The event comes within the framework of enhancing the statistical work aimed at providing statistical data that support development plans and achieve the goals of development visions of the GCC countries.
The GCC Statistics Day is an important occasion in which the statistical bodies, centers and offices of the GCC countries renew their interest in statistical work and confirm its vital role in setting plans and programs for comprehensive sustainable development.
It is worth mentioning that the Saudi statistical work has started in a very early era of the Saudi development history. It has started in 1349H /1930 and became an organized work that refers technically and administratively to the General Statistics System issued by the Royal Decree No. (23) dated 7/12/1379H -1/6/1960. The General Statistics System has played a vital role to organize the statistics sector by controlling the relationship between the Central Department of Statistics and Information and other agencies, until the issuance of the Royal Decree in 1436H to transform the Central Department of Statistics and Information into a public authority called the General Authority for Statistics which enjoys a legal personality, and financial and administrative independence.
In 1437H, the organization of the General Authority for Statistics was approved, whose articles stated that the General Authority for Statistics is the entity that shall be responsible for technical and organizational supervision of the statistics sector and shall form a comprehensive system of national statistical databases for various fields. The Authority has been entrusted with organizing and supervising the statistical sector, in order to enable it and enhance its awareness.
During the 141st session of the Ministerial Council of GCC which was held in Manama, Kingdom of Bahrain in 24 November 2016, a day for the Gulf Statistics Day was allocated to be held every year. The importance of this day is emphasizing the partnership of society in all its categories with statisticians, and shedding light on the vital role played by statistics in achieving sustainable development in the GCC countries. It also shows the strategic role played by the Gulf statistical system in making decisions and building development policies.
GASTAT: Real estate price index increases by 1.6% in Q4 of 2022
General Authority for Statistics (GASTAT) issued on its official website www.stats.gov.sa today, 19 January 2023, the real estate price index results for Q4 of 2022.
The general real estate price index for Q4 of 2022 increased by 1.6% compared to Q4 of 2021; this increase is attributed to the increase in residential real estate prices by +2.6%. The increase in residential land prices is the main driver of real estate prices in Q4 of 2022 compared to Q4 of 2021. The residential sector recorded an increase of 2.6%, where the prices of residential land plots went up by 2.7% given the heavy weight of the prices of the residential sector, which had a significant impact on the increase in the general index. As for other residential real estate, the prices of villas increased by 1.7%, and apartments by 2.2%, while house prices decreased by 0.4%. The prices of residential buildings were stable. Commercial sector went down by 0.2%, due to the decrease in the prices of commercial lands by (-0.2%), and the prices of exhibitions decreased by 2.3%, while the prices of commercial buildings remained stable and did not record any relative change. The prices of commercial centers increased by 0.1%, however, the agricultural sector decreased by 0.8%, affected by the drop in agricultural land prices by (-0.8%), according to the publication’s results.
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 research, 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.
Industrial Production Index Increases by 8.6% in November 2022
General Authority for Statistics (GASTAT) issued, on its official website www.stats.gov.sa today, 10 January 2023, the results of the industrial production index (IPI) for November 2022.
The publication results showed that during November 2022, IPI increased by 8.6% compared to the same month in the last year (November 2021), as a result of the increase in mining, quarrying, and manufacturing activity.
The results of the index's monthly publication revealed that the mining and quarrying activity index for November 2022 increased by 5.7% compared to the same month in the last year (November 2021), manufacturing activity also increased by 19.7% in November 2022 compared to the same month in the last year (November 2021), while electricity and gas supply activity showed a decrease of 10.9% compared to November 2021. According to the report's results, the annual growth rate in the index was positive in November 2022, and the industrial production index achieved positive growth rates during the previous months, due to the increase in the mining and quarrying activity as well as the manufacturing activity.
It is noteworthy that GASTAT issues a number of Industry-related statistical products, including the industrial production index (IPI), which is an economic indicator that reflects relative changes and evolution in the volume of industrial production quantities based on the data of the industrial production survey. It is implemented monthly and targets industrial establishments operating in the targeted activities, which are mining and quarrying, manufacturing, and electricity and gas supply.