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The General Authority for Statistics (GASTAT) issued today, Thursday, 13/3/1445 H, corresponding to September 28, 2023, through its official website www.stats.gov.sa, "Labor Market ؛Publication for the second quarter of 2023." According to the results of this Publication, the overall unemployment rate (for Saudis and non-Saudis) decreased to 4.9% compared to the first quarter of 2023. The unemployment rate for Saudis also decreased, reaching 8.3% for the second quarter of 2023, compared to 8.5% in the first quarter of the same year. Similarly, the unemployment rate for Saudi females decreased to 15.7% for the second quarter of 2023, compared to 16.1% in the previous quarter. It is worth noting that the unemployment rate for Saudi males remained stable at 4.6% during the second quarter of 2023. During the second quarter of 2023, labor force indicators showed a decline in the overall labor force participation rate (for Saudis and non-Saudis), reaching 60.8% compared to the first quarter of 2023. The labor force participation rate for Saudis also decreased to 51.7% in the second quarter of 2023, compared to the previous quarter. The results of the Labor Market Publication for Q2/2023 indicated a decrease in the labor force participation rate for Saudi females, reaching 35.3% compared to the previous quarter. The labor force participation rate for Saudi males also fell to 67.5% during the second quarter of 2023, compared to 68.3% in the previous quarter. It is noted that the Labor Market Publication, as indicated by the General Authority for Statistics, relies on a household survey conducted by GASTAT under the category of "Social Statistics." It collects information through a sample of households that represent the population in various administrative regions in Saudi Arabia. An electronic questionnaire is filled out, containing a number of questions. Through this survey, estimates and indicators related to the labor force of the population in working age group (15 years and above) residing in Saudi Arabia are provided. It also estimates the population (within and outside the labor force) and calculates the most important labor market indicators, such as the unemployment rate and labor force participation rate, among others.

During the second quarter of 2023, the Real Gross Domestic Product (GDP) increased by (1.2٪) compared to the same period of last year 2022. According to GASTAT's estimates in Thursday.  The report results indicated that the non-oil activities registered a positive growth by (6.1٪) during the second quarter of 2023 compared to the percentage registered in the same period of last year 2022.  The government activities achieved an increase of (2.3٪) compared to the same period last year. However, oil activities decreased by (4.3٪) in quarter 2, 2023 compared to the same period of the previous year. The results of the report showed that the seasonally adjusted real GDP decreased by 0.2 % during the second quarter of 2023, compared to the first quarter of 2023. 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.

Agricultural Development Fund and General Authority for Statistics signed today, Thursday, 1 Safar 1445 , corresponding to 17 August 2023, in Riyadh, a Memorandum of Cooperation (MoC) to enhance the level of joint coordination in the field of statistical data, which contributes to providing statistical data and information and integration to achieve common goals between the two parties. The MoC was signed by Mr. Munir bin Fahad Alsahali, Director General of the Agricultural Development Fund and Dr. Fahad bin Abdullah Aldossari, President of the General Authority for Statistics. The MoC aims to exchange and share statistical data, information and indicators that serve economic activities supervised by the Agricultural Development Fund in accordance with the controls and specifications of data sharing and protection of personal data issued by National Data Management Office.  It is also intended to exchange advice, support, and technical and knowledge expertise in various areas of common interest including research and studies on a regular and continuous basis and to provide the opportunity for employees of both parties to participate in attending developmental courses, seminars, scientific conferences and workshops presented by both parties. The Agricultural Development Fund seeks through conducting cooperation agreements with other parties to enhance the developmental and financing role in supporting the agricultural sector and the importance of sustainable rural agricultural development in Saudi Arabia.

Consumer Price Index (CPI) reached 2.3% over July 2023, down from June 2023, remaining relatively stable on a monthly basis for 2023. This stability is due to the strength of the Saudi economy along with the early economic procedures and measures taken by Saudi Arabia to counter the global rise in inflation rates. It is worth noting that the inflation rates in Saudi Arabia maintain a reasonable standard and balanced rates compared to most countries in the world. During July 2023, the inflation rate recorded a slight increase of 2.3%, compared to the same month of last year 2022. It is noteworthy that the economies of many countries of the world, including developed countries, have been suffering from sharp increases in inflation rates for several months. Economic experts and analysts confirm that reasonable and balanced inflation rates that any society may witness are part of the dynamism and vitality of the economy in this society and its ability to protect itself from any potential crises. However, unreasonable and unbalanced increase in inflation rates is a negative indicator of the existence of economic recession or serious economic challenges in societies that are witnessing a drop in inflation rates.

The General Authority for Statistics (GASTAT) issued the Saudi Women's Report 2022 today. The report aims to provide many indicators relating to Saudi women aged 15 and above in different fields, such as education, health, sports, and technology, as well as other statistics, relying on available official sources. The sources include data from surveys carried out by GASTAT and data from the administrative register available to other official bodies.  According to the report, young women in the age group 15-19 years old represent the highest number among the other age groups, with 916,439 women, followed by 850,780 women in the age group 20 to 24 years old.  The report showed the leading indicators of the Women's Labor Force Survey, which has seen a marked improvement in recent years as the unemployment rate among Saudi women declined, especially in the fourth quarter of 2022, to 15.4% compared to 2021, 2020 and 2019.  In line with the decline in women's unemployment, the expansion of their economic participation and the increase and growth of their employment in various areas, the ratio of employed women to the population rose to 30.4% from the fourth quarter of 2021, where the rate was 27.6%. Women's participation in the labour market was 36%, up slightly from 35.6% in the fourth quarter of 2021.  According to the report, the number of freelance certificates issued to women in 2021 reached 961,189 compared to 105,518 issued in 2020 and 7,997 issued in 2019, which is the lowest.  The report showed that the stock market had witnessed a great turnout from women recently, as the number of Saudi women investors in the stock market in 2021 reached 1,516,995, which is higher than the previous two years, 2019 and 2020.  According to the report, young women aged 15 years and above engaged in physical activity for at least 30 minutes per week, reaching 38.7% in 2021, the highest percentage compared to 2018 and 2019. The highest age group of women engaged in physical activity for at least 30 minutes a week is the age group 20–24 with 43.13%, followed by the age group 25-29 with 42.88%.  GASTAT is the only official reference for statistical data and information in Saudi Arabia. It carries out all statistical work, as well as the technical oversight of the statistical sector. It also designs and implements field surveys, conducts statistical studies and research, analyzes data and information, and documents and archives all works containing information and statistical data on all aspects of life in Saudi Arabia. It gathers, classifies and analyzes data, and extracts indicators from it.

As part of its efforts to enhance its digital services in line with the objectives of Vision 2030, the General Authority for Statistics (GASTAT) has launched the Economic Data Platform, which enables researchers and those interested to follow up with the Saudi economic sphere. Moreover, the platform provides the national and international organizations with economic data and statistics. It also presents the most important statistical data and indicators related to price, energy, GDP, international trade, labor market, and business statistics, in addition to other economic statistical data.  The General Authority for Statistics demonstrated that the launch of this platform facilitates access to economic data and indicators by beneficiaries. The platform displays such data using interactive maps, where users can download them with different formats.  This would help the process of conducting studies and research by providing updated and high-quality data that enables users to follow up with the Saudi economic sphere.  The launch of the Economic Data Platform represents the crucial role of GASTAT in providing all types of statistical data in order to support sustainable development plans and utilize statistical indicators and metadata through statistical classifications that conform with international standards and meet the users requirements. GASTAT invites those wishing to benefit from such statistical information and indicators provided by the Platform to visit (https://economics.stats.gov.sa/). It also welcomes all inquiries and suggestions via its unified number: (920020081), its customer support email  (cs@stats.gov.sa) and its website: (www.stats.gov.sa).

The General Authority for Statistics announced that the Industrial Production Index (IPI) has increased by 0.5% during the month of June 2023 compared to May 2023.  On the other hand, the results indicates that IPI registered a Y-O-Y decrease by 1.6% influenced directly by the mining and quarrying activity, where the index's sub-indicator of mining and quarrying declined by 6.5% compared to the same month of last year.   However, the activities of manufacturing and electricity and gas supply achieved annual increases by 10.1% and 25% respectively during June 2023 compared to June 2022. It is noteworthy the Industrial Production Index (IPI) 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.

The General Authority for Statistics (GASTAT) announced that Real Estate Price Index increased by 0.8% during the second quarter of 2023 compared to the same quarter of last year (Quarter 2 2022). This increase is boosted by the slight increase in residential real estate prices by 1.1%.   According to the publication results, the residential sector prices increased by 1.1% as a result of the increase of residential lands by 1.2%, on a yearly basis during the second quarter of 2023. In addition, the prices of apartments increased by 1.0%, whereas the prices of buildings decreased by 0.9%, prices of villas by 5.0%, and prices of houses by 0.1% On the other hand, the commercial sector recorded an increase of 0.2% driven by the increase of commercial lands prices by 0.2%. However, the prices of stores decreased by 1.1%, while the prices of commercial buildings and centers remained stable and did not record any percentage change during the second quarter of 2023.   The agricultural sector registered a decline by 0.3% influenced by the decrease of agricultural lands prices by 0.3%.  The Real Estate Price General Index rely on the Ministry of Justice’s administrative data on real estate transactions. This index is an important tool that helps all concerned entities to make relevant economic and statistical decisions on the real estate prices movement and future anticipations over different periods of time. The index includes three main sectors that consist of several real estate categories:  residential sector, which consists of the following categories: (Land, building, villa, apartment, and house), commercial sector which consists of:  (Land, building, store/shop, and commercial center), and the agricultural sector which includes one category only (Agricultural lands).