Within the joint committee meetings events on the occasion of completing 55 years in the capital city Seoul  Saudi Arabia and South Korea Signed a Memorandum of Understanding in the Field of Statistics    Saudi Arabia and South Korea signed on Friday 7th of Safar 1439 H (27th of October 2017) in Seoul the capital city of South Korea a memorandum of understanding (MOU) to cooperate in the field of statistics. It aims to establish a cooperation between the two countries in the field of statistics by exchanging administrative and technical experiences that are related to the work of official statistical entities. Moreover, the signing ceremony was held within the “Saudi-Korean” joint committee meetings events on the 26 and 27 of this October. These events were held in the capital city of Korea on the occasion of completing 55 years of relationship between The Kingdom and Korea. The memorandum was signed by his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi from the Saudi side and by the official commissioner of the Korean statistics Mrs. Hwang Soo Kyeong from the Korean side. A number of the two countries officials have attended the ceremony. In addition, his excellency the president of GaStat Dr.Fahad Bin Sulaiman AL-Tukhaifi expressed in his speech for this occasion his thanks to the Korean side for the warm reception and gracious hospitality that the Saudi delegation had. He also assured on the deep cooperative relationship between the two countries since 55 years ago until now in a noticeable improvement. He said" we are here today and more than half century of relationship between our countries have passed where the relations have improved remarkably in different fields, in which the economic interests have gathered the experts of the two countries on the tables of the commercial cooperation. Additionally, the special political relationships between the two countries have attributed in the advancement towards cooperation fields that are more distinguished. Since the kingdom of Saudi Arabia and the Republic of Korea have agreed on establishing diplomatic relations at the ambassadorial level on 16th of October 1962 until this day, the two countries are keeping a strong cooperative relationship as partners and they represent a special model for the West-East convergence”. Dr.AL-Tukhifi added that signing the statistical memorandum between the two countries came along with the new Saudi Vision 2030 where it opens wider horizons for cooperation. The statistical partnership is a qualitative partnership to transfer successful experiences and effective cooperation in the fields of statistical data and information which is considered the strongest cornerstone towards future. It is noteworthy to mention that the statistical memorandum between Saudi Arabia and south Korea includes points for cooperative work in developing technical mechanisms necessary for collecting and publishing statistics according to international standards, determining the fundamentals of statistical databases in different statistical fields, exchanging experiences concerning the necessary requirements for establishing an information central system that is linked automatically with all public entities [and their activation mechanisms], developing statistical work in governmental entities in addition to developing government statistical plans, policies, and mechanisms, exchanging statistical awareness programs and organizing joint seminars and workshops which discuss cooperation issues.

GaStat: Real Estate Index Decreased by (6.3%) compared to the previous year and stabilized compared to Second Quarter On Tuesday Safar 4th, 1439 (October 24th,2017), GaStat issued its quarterly indicator of the real estate price general index in the Kingdom of Saudi Arabia for the third quarter (2017) and published it through its official website www.stats.gov.sa . This indicator is based on available registry data of the Ministry of Justice regarding real estate transactions. This indicator is an essential tool that supports entities which make economic and statistical decisions regarding the real estate price movements and future forecasts during different periods of time. The indicator includes three main sectors consisting of many real estate types: residential sector (piece of land, building, villa, apartment, and house), commercial sector (piece of land, building, shop, gallery and commercial centre), and agricultural sector which only includes agricultural land. The index of real estate prices for the third quarter 2017 recorded a relative stability compared to the previous quarter (second quarter 2017), reaching (84.9) in the third quarter 2017. The report attributed the stability of the real estate price index for the third quarter of 2017 to the varying percentage of change in the main sectors composing the indicator. The commercial sector witnessed a decline by (1.0%), the residential sector witnesses an increase by (0.2%), while the agricultural sector was stable without any relative change. The indicator recorded a decline of (6.3%) compared to the same quarter of the previous year (third quarter 2017). The report attributed this decline to the decline in the main sectors composing the indicator: the residential sector (7.9%), the commercial sector (10.9%) and the agricultural sector (1.0%).

Labor Market Bulletin Includes 67 Statistical indicators GaStat: The Saudi unemployment rate is 12.8% in the 2nd Quarter (2017)  The General authority for Statistics (GaStat) published the Labor Market Bulletin for the second quarter of 2017 on Sunday Muharram 11th,1439H (Corresponding to October 1st,2017) which provides comprehensive data and indicators on the labor market in the Kingdom from April 1st to June 30th, 2017 (Corresponding to Rajab 15th to Shawwal 6th, 1438H) to support decision and policy makers regarding labor force. It also contributes in building a database on the labor market in the Kingdom that can be used to prepare and plan future social and economic development programs. The quarterly bulletin includes 67 statistical indicators which contain data and indicators from the Labor Force Survey estimates and labor market data from the administrative records of the relevant entities (Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance(GOSI), Human Resources Development Fund and National Information Center) applying international standards in this area. The results of the bulletin for the second quarter of 2017 indicated that the total number of employees from the data of administrative records in the Kingdom of Saudi Arabia reached (13,841,158) individuals compared to (13,889,137) for the first quarter of 2017.   According to the results of the bulletin also from the data of administrative records in the government agencies for the second quarter of 2017, the total number of Saudis seeking work reached (1,075,933) individuals, (216,352) of them are males and (859,581) are females. The results also showed that the highest percentage of Saudis seeking employment was among the age group (25-29), which is (34.2%). Also according to the results of the administrative records data, nearly half of the Saudi job seekers hold university degrees reaching (50.5%). The results of the bulletin showed that the unemployment rate in Saudi Arabia for the Saudi population (15 years and over) from the Labor Force Survey estimates for the second quarter 2017 reached (12.8%), (7.4%) are males and (33.1%) are females. And the unemployment rate in the Kingdom for the total population (15 years and over) is (6.0%), (3.3%) are males and (22.9%) are females. The results also showed that (11.6%) of the unemployed Saudis had previously worked, and (32.9%) of unemployed Saudis who had previously worked left their jobs due to dismissal from the employer. The survey results also showed that (9.6%) of unemployed Saudis have already been trained. Regarding the economic activity rate of total population (15 years and over) it reached (54.2%), divided between males (78.2%) and females (18.7%). In its bulletin, GaStat also explained that the economic activity rate for total Saudi population (15 years and over) reached (40.3%). The bulletin included a large number of detailed data on workers according to the regulations they are subject to, nationality, sex, age, administrative region and educational level, as well as data for job seekers, average monthly wages, working hours and domestic workers. For more details, you can view the bulletin through Gastat’s official website: www.stats.gov.sa

UN International Comparison Program board of directors holds second meeting Dr. Altekhaifi: KSA's distinctive work at statistics leads to council membership and participation in recurring meetings Saudi Arabia has participated at the second meeting of the board of directors of the International Comparison Program (ICP), which was held at Washington D.C. early this week.  His Excellency, president of the General Authority for Statistics, Dr. Fahad bin Sulaiman Altekhaifi, confirmed that the program’s work and results will help shape policies for global comparison to support statistical products of the participating countries. It will also enable the General Authority for Statistics to access the best global practices for statistics for the purpose of improving and developing the statistical work. Also, it will raise the quality of the data, which will reflect positively on the decisions for development that rely mainly on statistics. On the other hand, his excellency Dr. Altekhaifi pointed out that the board of directors, which has 11 countries including Saudi Arabia, which represents west Asia, has looked into the progress made when implementing the 2017 cycle in the participating areas. The council also specified a list of research topics including, implementing a rolling survey approach and building Purchasing Power Parity (PPP) time series, integrating ICP and Consumer Price Index (CPI) activities, Streamlining the process of establishing product lists and the use of importance indicators, improving the availability and quality of input data for rents, government services, and construction, streamline the use of productivity adjustments for government services, fine tuning global linking procedures, quality assurance of resulting PPPs and measures of reliability and other topics related to statistical work. Dr. Altekhaifi added that the ICP selecting of Saudi Arabia for the membership at the 2017-2019 cycle came as a result of the positive role of the General Authority for Statistics in different statistical programs organized by the UN. It also confirmed the kingdom’s effective role on the global map of statistics. Moreover, it reflects the results of the strategic transformation of the kingdom’s Statistic sector, which the leadership cares for and supports due to its role in aiding the national development decisions.  The ICP, which is under the supervision of the World Bank, is a partnership program for statistics on a global level. It is based on a statistical system that is connected with economic analysis. It uses statistical methods to derive the necessary data to calculate the PPP for about 200 countries and economies worldwide. It will facilitate the use of PPP as currency converters. That will allow for the comparison of the total economic indicators and the economic situations of countries worldwide. It is noteworthy to mention that the ICP board of directors is compiled of executives, chairpersons, and leading experts in 11 statistical devices participating in the program. They are distributed according to the regional areas: Africa, Asia, Pacific Islands, Latin America, the Caribbean, West Asia, Commonwealth of Independence States, European Union, non-European Union States, members of the organization for Economic Cooperation and Development, representatives of the International Monetary Fund, World Bank, UN Statistics Division, and the Inter-Agency Coordination Group.

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.

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)

Signed a joint memorandum of understanding with the Ministry of Labour and Social Development GaStat: We work on developing data of labour market to support decision makers On Monday 20 Rabī‘ al-awwal,1438 corresponding to December 19, 2016 , GaStat signed a memorandum of understanding to develop electronic data exchange and integration and the implementation of a number of joint national initiatives relevant to the data of labour market in the Kingdom of Saudi Arabia. The national Labour Market Observatory and the "Labour Market bulletin" are considered the main outputs of this memorandum. Mr. Taiseer Almofarrej, GaStat's official spokesman, clarified that the joint work in the field of data exchange with the Ministry of Labour and Social Development is a work in progress, and that the memo signed today by His Excellency Dr. Fahad Altekhaifi, GaStats President, and His Excellency the Deputy Minister of Labour and Social Development, Mr. Ahmad Saleh Alhomaidan in the framework of developing joint work, particularly after the merging of  the Labour with Social Development is made to keep pace with the new changes in this field. Emphasizing on the importance of collaboration to provide statistical services  that support decision makers and users by providing statistical data and information that is immediate, comprehensive, reliable and flexible in the best interest of beneficiaries either citizens or residents. Almofarrej stressed that the reinforcement of collaboration between GaStat and the Ministry is based on developing entire statistical products related to labour force, social development, establishments, statistical data exchange and integration and the integration of work at the relevant national observatories. The joint work also includes the unifying of standards, classifications and definitions of labour force, social development and establishments. The memorandum contributes in achieving the goals of the social development national strategy, the Saudi employment strategy, the tenth development plan, the privatization strategy and the national strategy of statistical development.  GaStat's official spokesman also asserted that most important outcomes of this collaboration is: the support of statistical data production and dissemination through surveys and administrative records carried out by GaStat and the Ministry on a regular basis, total coordination regarding labour force statistical data dissemination, facilitate cooperation in the exchange and flow of information, the development of Saudi labour market data system through providing a statistical database that is highly accurate to be used by decision makers, planners, researchers and relevant entities, unify efforts to ensure getting accurate statistical data for the most important indicators of the labour market and social development which contribute in the measurement of the 2030 Saudi Vision and the 2020 national transformation program, meet the requirements of the beneficiary entities, the collaboration in establishing a databases for GaStat which are not-for-profit, associations and charities, cooperative committees and social development centers, the collaboration and coordination to reinforce the specialized observatories currently in place, establish and prepare new statistical products specializes in the labour market and social development issues.  On the other hand, Mr. Taiseer Almofarrej clarified that GaStat is currently working in collaboration with the Ministry of Labour and Social development, Ministry of Civil Services, Human resources Development Fund and the General Organization for Social Insurance to develop the labour market data through the production of "Labour Market Bulletin" to be a periodic integrated bulletin that meets the demand for suitable trained and qualified manpower , and the supply side of the population of who are capable of working and willing to search for a job at  certain period of time. The bulletin will be the updated version of the quarterly Labour force Survey results conducted by GaStat.

At the end of the 29th session of "ESCWA" held in Doha  Dr.Altekhaifi: the "Kingdom" has taken effective steps to implement the plan of the 2030 sustainable development goals approved by the United Nations in line with the national development plans The United Nations Economic and Social Commission for West Asia (ESCWA) has recently ended its 29th ministerial session entitled "Implementing the Sustainable Development Goals of 2030 in Arab countries". Where the whole participants came together in order to implement the 2030 sustainable development plan, taking into account the particularities of the regions and its development priorities. The chairman of the Saudi Delegation participating in the Session, GaStat President, H.E. Dr. Fahad Altekhaifi mentioned that the Arab region countries faces multiple challenges in the implementation of the " the plan of the Sustainable Development Goals of 2030" approved by world leaders approximately year ago. These challenges include economical and social, political, developmental challenges. The most prominent of these challenges is the statistical challenges related to building indicators that measures the progress of the(17) goals and its (240) indices according to latest update in (May) 2016. His Excellency explained that one of the most important factors that will help in the implementation of the sustainable goals plan is the state's ability to develop its development plans to adapt with the international plans, provided that they do not violate the Islamic shari'aa law and suits Saudi Arabia. His Excellency assured that the Kingdom of Saudi Arabia worked in two tracks to implement the goals of the 2030 sustainable development approved by the United Nations: the first track is developing a governance to track the implementation of plan, and it was assigned to the Ministry of Economy and Planning who will be responsible of the management of this file, follow-up, coordinate with all government entities, assigning government entities to follow-up with the goals within their competence. In addition, GaStat builds these indicators through the expansion of statistical work implementation either through designing new statistical surveys, develop current surveys, or build indicators from the data collected from the records of other government entities. The second track that Saudi Arabia worked on is developing its national development plans (Saudi Vision 2030), and connect it to the global plans(sustainable development plans). The 20130 Saudi vision and its (13) programs such as 2020national transformation program, government entities restructuring, projects managing program and other programs, and its (24) indicators, took into account the compatibility with the goals of sustainable development. On the other hand, Dr. Altekhaifi stressed the Doha announcement in the end session of the 29th meeting of ESCWA to invite all States to provide adequate support to update statistical systems to produce data necessary to measure the progress in achieving the goals of sustainable development. Furthermore, promote dialogue between policy makers and data producers and users to record progress in implementing national and international plans. Finally, support the initiatives of some Arab countries to for the adoption of national strategies for the development of statistics.