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Saudi Arabia and Bahrain discuss ways to enhance joint cooperation in statistical field

23-10-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics, met with Mr. Mohammed Ali Al Qaed, the CEO of the eGovernment Authority (eGA) in Bahrain, in the capital, Manama, to discuss ways to enhance joint efforts in the statistical sector and opportunities for developing cooperation in statistical data.

During the meeting, both sides reviewed the latest developments in statistical work in both countries, as well as the developmental efforts concerning the approved and updated methodologies for statistical products. This includes administrative records and the development and innovation of statistical products that contribute to supporting the development plans in both countries. Additionally, they discussed the mechanism for agreeing on the exchange of expertise in the areas of technical infrastructure of both authorities and several related topics in statistical work.

This meeting is part of a series of international meetings and visits aimed at building bridges of cooperation with statistical offices in the region, focusing on exchanging expertise, sharing experiences, and informing counterpart entities about the progress being made in the statistical sector in the Kingdom of Saudi Arabia.

President of GASTAT opens 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics in Manama

21-10-2024

The 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics (AITRS) was inaugurated in Manama, chaired by Dr. Fahad Aldossari, the President of the General Authority for Statistics and Chair of the previous meeting of the Board, over a two-day period from October 21 to 22, 2024, with the presence of their excellencies and members of the Board representing the member states.
Dr. Fahad Aldossari expressed, on behalf of the Board members, his sincere gratitude and appreciation to the Kingdom of Bahrain for hosting the 49th meeting. He commended the excellent organization and hospitality by the Information and eGovernment Authority (IGA) in the Kingdom of Bahrain, praising the efforts made by the Board members over the past year to implement the Institute's plan in its areas of specialization, which support the statistical offices in the member states and meet their needs in enhancing the capacity and efficiency of human resources. He emphasized the vital role played by the Institute in achieving cooperation among the member states.
Subsequently, Dr. Fahad Aldossari expressed his thanks and appreciation to the member states for the significant cooperation that the General Authority for Statistics received during its presidency of the 48th meeting, wishing the Republic of Tunisia, represented by the National Institute of Statistics, success in chairing the current 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics (AITRS).

 

President of GASTAT Meets with President of Turkish Statistical Institute to Discuss Joint Cooperation

17-10-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics, met with Mr. Erhan Çetinkaya, President of the Turkish Statistical Institute (TurkStat), in Turkish capital, Ankara. This meeting took place on the sidelines of the 13th Session of the OIC Statistical Commission (SESRIC). During the meeting, they discussed the progress being made in statistical work in both countries and highlighted the key statistical products that are being developed and issued.

In this context, Dr. Fahad Aldossari welcomed the constructive cooperation between the two sides to exchange experiences, transfer knowledge, and enhance joint efforts. Several officials from both sides attended the meeting.

This meeting is part of a series of international meetings and visits with the goal of fostering cooperative relationships to exchange experiences, share best practices, and inform counterpart organizations about the advancements in the statistical sector in the Kingdom of Saudi Arabia.

President of GASTAT heads the delegation participating in 13th session of OIC Statistical Commission

16-10-2024

President of the General Authority for Statistics (GASTAT) Dr. Fahad Aldossari  led GASTAT’s delegation participating in the 13th session of the Organization of Islamic Cooperation (OIC) Statistical Commission, (OIC-Stat), in Ankara, Turkey, on October 15 and 16, 2024. This session brought together heads of official statistical centers from OIC member states to exchange experience, discuss best practices, and enhance statistical capabilities within the organization. while guided by specific goals and principles to strengthen the spirit of solidarity and cooperation among Islamic countries.

Participants in the meetings discussed the follow-up on the implementation of the OIC Statistical Commission 2021-2025 work plan, along with other topics included in the current session's agenda. These topics included reviewing indicators related to the second goal of the Global Sustainable Development Goals and the role of official statistical agencies and offices in Islamic countries in supporting development plans in member states and enhancing the exchange of experiences among them.

It is noteworthy that the Kingdom of Saudi Arabia hosted the 12th session of the Organization of Islamic Cooperation Statistical Commission (OIC-StatCom) last year, which took place in Jeddah over two days (October 3 and 4, 2023). Heads of official statistical centers from OIC member states participated in discussions. This was the first time that the committee's meetings were held outside the headquarters country (Turkey), reflecting the Kingdom’s international status and its Arab and Islamic position, and affirming its keenness to enhance communication and joint work among Islamic countries in all fields.

President of GASTAT Meets with Chief Statistician of World Bank Group

15-10-2024

His Excellency Dr. Fahad Aldossari, President of the General Authority for Statistics (GASTAT), held a virtual meeting with Ms. Haishan Fu, Chief Statistician of the World Bank, aimed at enhancing partnership and cooperation between the two sides. During the meeting, they reviewed GASTAT's directions towards developing statistical products and discussed international statistical reports issued by the World Bank, as well as ways to strengthen cooperation in various statistical fields. Dr. Fahad Aldossari expressed his gratitude to Ms. Haishan Fu for her commendation of the remarkable progress in statistical work at the national level. He added that exchanging data and statistical indicators with international organizations is one of the strategic pathways within GASTAT's responsibilities, including providing international organizations with statistical data and indicators related to the Kingdom of Saudi Arabia. It is worth noting that the World Bank possesses a lot of global development knowledge and expertise and provides many technical assistance programs to most countries of the world in areas in which the Bank has extensive global technical expertise.

GASTAT: Inflation Rate in Saudi Arabia Stabilizes at 1.7% in September 2024

15-10-2024

The annual inflation rate in Saudi Arabia remained stable at 1.7% during September 2024, showing a relative stability on a year-on-year basis. The inflation rate in Saudi Arabia is considered one of the most stable rates, which confirms the strength and resilience of the Saudi economy. It also demonstrates the effectiveness of the economic plans and decisions that the Kingdom has swiftly implemented to address the wave of global inflation and  high prices.  It is noteworthy that the Consumer Price Index (CPI) reflects the changes in prices that consumers pay for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the Household Expenditure and Income Survey conducted in 2018. Prices are collected through field visits to points of sale, and statistics on the Consumer Price Index in the Kingdom are published on a monthly basis.

GASTAT IPI Rises by 1.0% in August 2024

13-10-2024

The General Authority for Statistics (GASTAT) released today the results of the Industrial Production Index (IPI) for August 2024. IPI increased by 1.0% during August 2024 compared to the same month in the previous year (August 2023), supported by the rise in mining and quarrying activity, manufacturing activity, and electricity, gas, steam, and air conditioning supply activities.  The publication indicated that the index for mining and quarrying activity in August 2024 rose by 0.8% compared to the same month of the previous year (August 2023). Additionally, the index for manufacturing activity in August 2024 increased by 1.1% compared to August 2023. The sub-index for the supply of electricity, gas, steam, and air conditioning recorded a rise of 4.1%, while the sub-index for water supply, sewerage and waste management and remediation activities decreased of 0.9% compared to August of the previous year. On another note, the index for oil-related activities recorded a decline of 1.4% in August 2024, while the index for non-oil activities achieved an increase of 7.0% compared to August 2023. It is worth mentioning that the General Authority for Statistics issues several statistical products related to the industry, including the Industrial Production Index (IPI), which is an economic indicator that reflects the relative changes and developments in the volume of industrial production. This survey targets industrial establishments engaged in the specified activities, namely mining and quarrying , manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewage, and waste management activities.

Non-oil exports increase by 19.0% in July 2024

25-09-2024

The General Authority for Statistics (GASTAT) indicated that the value of merchandise exports during July 2024 amounted to 94.5 billion SAR, compared to 92.6 billion SAR during July 2023, with an increase of 1.9 billion SAR, or 2.1%.
The value of oil exports during July 2024 amounted to 69.1 billion SAR, compared to 71.3 billion SAR during July 2023, with a decrease of 2.2 billion SAR, or 3.1%, according to the results of the publication.
The value of non-oil exports (including re-exports) during July 2024 amounted to 25.4 billion SAR, compared to 21.3 billion SAR during July 2023, with an increase of 4.1 billion SAR by 19.2% , the results noted.
While the value of the Saudi Arabia's merchandise imports during July 2024 amounted to 75.2 billion SAR, compared to 66.8 billion SAR during July 2023, with a decrease of 8.4 billion SAR, or 12.6%. 

GASTAT President heads the delegation participating in 11th Meeting of the Standing Committee for Statistical Work Affairs in Muscat

16-09-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics (GASTAT), headed the delegation from GASTAT participating in the 11th Meeting of the Standing Committee for Statistical Work Affairs held in Muscat, Oman. The meeting aimed to enhance Gulf joint statistical work, support sustainable development plans, and exchange statistical expertise among member states.  The Committee reviewed the implementation of its previous decisions and examined performance reports from the past period. It discussed ways to strengthen cooperation among Gulf Cooperation Council (GCC) countries to elevate statistical work, keep pace with global developments, and continuously improve mechanisms for exchanging statistical data. The committee also focused on collaboration in sharing expertise and information, supporting programs to raise statistical awareness, and addressing common challenges. GASTAT’s President highlighted the importance of relations among the GCC countries in pushing wider horizons for effective cooperation in the field of information and statistical data. He expressed his appreciation to the committee members for their efforts in consolidating the concepts of statistical work and its role in supporting development plans and national visions for the council's countries. He praised the support that statistical offices receive from the leaders of GCC countries. The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (“GCC-Stat”) was established to enhance statistical and informational work for national statistical centers and planning agencies, serving as the official source of data, information, and statistics in the member states. The establishment of GCC Stat was approved by the GCC Ministerial Council in September 2011. The Charter was officially endorsed in December 2012 by the GCC Supreme Council (comprised of heads of member states).

 

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GASTAT launches guides on editorial policy and number writing

12-09-2024

The General Authority for Statistics released the Editorial Policy for Content Writing and Translation alongside the Numbers Writing Guide, aiming to streamline the creation of statistical content such as publications, reports, and indices. Additionally, these resources aim to disseminate knowledge on linguistic and technical aspects related to statistical content writing. The integration of scientific and technical language aligns with GASTAT's identity and vision. Both guides underwent rigorous scientific review by the King Salman Global Academy for Arabic Language. The release of the Numbers Writing Guide and Editorial Policy underscores GASTAT's commitment to enhancing statistical practices and providing necessary resources. This initiative includes offering linguistic insights in a user-friendly manner and promoting the use of contemporary scientific terminology in statistical discourse. Furthermore, it aims to convey statistical knowledge seamlessly, catering to the needs of individuals involved in statistical and economic content creation. The Editorial Policy for Content Writing and Translation offers a condensed scientific overview of significant linguistic rules, sourced from traditional linguistic literature, and reformulated for clarity. It comprises three primary chapters: guidelines for content editing and writing in Arabic, instructions for editing and writing press and media materials, and guidelines for translating content from Arabic to English. Individuals interested in the Arabic language can leverage the Numbers Writing Guide and Editorial Policy to enhance their writing across various domains. These resources serve as comprehensive references, not limited to statistical fields, but extending to writing, editing, journalistic practices, and media content creation. This release reaffirms GASTAT's commitment to advancing the statistical sector and ensuring accessibility to data and information in Arabic and English, characterized by simplicity, clarity, and robust scientific foundation.
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“General Authority for Statistics” Industrial Production Index rises by 1.6% in July 2024

10-09-2024

The General Authority for Statistics (GASTAT) released today the results of the Industrial Production Index (IPI) for July 2024. According to the report, the index increased by 1.6% in July 2024 compared to the same month in the previous year, July 2023. This growth was driven by the rise in manufacturing activity, electricity, gas, steam, and air conditioning supplies, as well as water supply, sewage, waste management, and treatment activities. The report revealed a 4.6% increase in the sub-index for manufacturing activity compared to July of the previous year, while the sub-index for mining and quarrying activity showed a decline of 0.8% in July 2024. The sub-index for electricity, gas, steam, and air conditioning supplies recorded an 8.2% increase, and the sub-index for water supply, sewage, waste management, and treatment activities rose by 1.1%, compared to July of the previous year. The report indicated that the oil activities index decreased by 1.1% in July 2024, while the non-oil activities index increased by 8.2% compared to the same month of the previous year. It is worth mentioning that the General Authority for Statistics issues several statistical products related to the industry, including the Industrial Production Index (IPI), which is an economic indicator that reflects the relative changes and developments in the volume of industrial production. This index is based on data from the Industrial Production Survey, which is conducted monthly and targets industrial establishments operating in key activities such as mining and quarrying, manufacturing, and electricity and gas supply.

President of GASTAT Participates in Regional Data and Community Development Forum in Sharjah

10-09-2024

The President of the General Authority for Statistics(GASTAT) Dr. Fahad Aldossari participated in a panel discussion held as part of the Regional Data and Community Development Forum in Sharjah, UAE. The session included a distinguished group of experts in social development, economists, data specialists, and decision-makers to discuss statistical offices in the age of artificial intelligence. Notable participants in the discussion included Ms. Kersti Kaljulaid, former President of Estonia, Mr. Ali bin Mahboob, former Chair of the UN Statistical Commission, and Mr. Alan Smithson, Co-Founder of MetaVerse.
During his participation in the "Expert Talk" session, Dr. Fahad Aldossari explained that GASTAT has invested in expanding the diversification of data sources by utilizing administrative records available from various entities in both the public and private sectors. He emphasized the importance of expanding strategic partnerships that support this direction, supplemented by satellite data and big data, in addition to the surveys conducted by GASTAT. He affirmed that diversifying data sources enhances their quality and reliability.
In the same context, He stated that focusing on the development of statistical systems aligns with Saudi Vision 2030, which prioritizes technological innovation and governance based on organized and unbiased data. He pointed out that Saudi Arabia's investment stems from the belief that technological advancement is not only a means to improve efficiency and accuracy but is also a fundamental pillar for transforming statistical centers into strategic tools that support decision-makers in developing data-driven economic and social policies.
It is noteworthy that Saudi Arabia is participating in the Regional Data and Community Development Forum, represented by GASTAT, at the invitation of the Sharjah Department of Statistics and Community Development which will take place on 9-10 October 2024. The forum aims to raise awareness of the importance and benefits of data in addressing social and environmental issues and to highlight best practices and examples in this field. The forum brings together policymakers, government officials, and private sector representatives along with community development experts, academics, researchers, national statistical offices, and international organizations.

Saudi Arabia wins the bid to host the 6th United Nations World Data Forum in 2026

08-09-2024

The High-level Group for Partnership, Coordination and Capacity-Building for Statistics for the 2030 Agenda for Sustainable Development (HLG-PCCB) announced today, Thursday, September 5, 2024 that the Kingdom of Saudi Arabia, represented by the General Authority for Statistics, won the bid to host the United Nations World Data Forum in Riyadh. The decision was made after securing the majority of votes following a review of the proposals from countries competing to host the forum, showcasing their capabilities to host this global event. The announcement of the Kingdom’s win came following a meeting of the HLG-PCCB group responsible for assigning the hosting rights to the candidate countries, during which Dr. Fahad bin Abdullah Aldossari, President of the General Authority for Statistics, presented the Kingdom’s bid. His presentation included an overview of GASTAT’s journey in statistical work, the transformations it has witnessed, the Kingdom's pioneering experience in hosting international events, and its ability to provide all forms of logistical support to achieve the objectives of these events. The proposal also included a suggested main topic for the forum titled “Using the Latest Technologies and Methodologies to Enhance Global Statistical Systems and Enable Sustainable Development”. In this context, Dr. Fahad Aldossari said, “Hosting this leading event by the Kingdom reflects its prominent status among nations, affirming the commitment of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud — may Allah protect them — to support the statistical sector, recognizing the pivotal role statistical data plays in supporting the implementation of comprehensive and sustainable development plans across all fields”. He added, “Winning the bid to host the United Nations World Data Forum 2026 crowns the prominent efforts in the statistical field. It also reflects the significant expansions in statistical work witnessed over recent years, driven by initiatives and projects led by the General Authority for Statistics, aiming to produce accurate and updated statistical data and indicators, through the continuous development of integrating various data sources using the best data management and governance infrastructures”.  It is noteworthy that the international data forum targets the 193 member states of the United Nations. The Kingdom’s win to host the sixth edition of the forum's activities emphasizes its pivotal role in supporting the directions aimed at providing high-quality statistical data and indicators. The forum also involves the participation of international organizations, statistical offices of the UN member states, as well as data scientists and those interested in statistics.

GASTAT delegation meets with several officials in the Republic of Estonia

30-08-2024

A delegation from the General Authority for Statistics, led by Dr. Fahad bin Abdullah Aldossari , GASTAT President, met with several government officials and private sector representatives in Estonia as part of their visit to the Republic of Estonia. During the meetings, they discussed ways to enhance cooperation in the statistical field, reviewed the latest developments in statistical practices, and strengthened the exchange of expertise. It is worth noting that this visit is part of a series of reciprocal visits with statistical agencies aimed at fostering cooperation, sharing experiences, and localizing practices that add value to GASTAT’s initiatives. The delegation also aimed to demonstrate the progress in statistical work in the Kingdom of Saudi Arabia, which is supported by the generous leadership, reflecting its commitment to providing data and statistical indicators that aid in development planning and inform both the local and international community about the advancements occurring in the Kingdom across all sectors.
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GASTAT: Non-oil exports increase by 10.5% in Q2, 2024

22-08-2024

The General Authority for Statistics (GASTAT) announced today a 10.5% increase in non-oil exports in the second quarter of 2024 compared to the second quarter of 2023. Additionally, national non-oil exports, excluding re-exports, increased by 1.4%, while the value of re-exported goods rose by 39.1% during the same period, according to the International Trade Publication for the second quarter of 2024. The Publication's results revealed a 4.3% rise in non-oil exports, including re-exports, while merchandise exports saw a 0.2% decline in the second quarter of 2024 compared to the same quarter in 2023. Imports also decreased by 5.6%, driven by a 3.3% decrease in oil exports. The share of oil exports in total exports fell to 75.0% in the second quarter of 2024, down from 77.4% in the corresponding quarter of the previous year. The Publication also reported a 3.0% increase in the Kingdom's imports during the second quarter of 2024. As for the trade balance, the surplus decreased by 6.0% compared to the same quarter of the previous year. Compared to the first quarter of 2024, the value of merchandise exports remained stable, while the value of imports decreased by 5.6%. The trade balance surplus increased by 13.2% compared to the first quarter of 2024. Additionally, the International Trade Publication for June 2024 indicated that the value of non-oil exports (including re-exports) reached SAR 21.6 billion in June 2024, compared to SAR 20.1 billion in June 2023, an increase of SAR 1.5 billion, or 7.3%. Meanwhile, the value of oil exports amounted to SAR 66.3 billion in June 2024, compared to SAR 73.2 billion in June 2023, a decrease of SAR 6.8 billion, or 9.3%. The decline in oil exports had the greatest impact on the decrease in merchandise exports. The value of merchandise exports was SAR 87.9 billion in June 2024, compared to SAR 93.3 billion in June 2023, a decrease of SAR 5.4 billion, or 5.8%. In contrast, the value of the Kingdom's merchandise imports was SAR 57.7 billion in June 2024, compared to SAR 60.8 billion in June 2023, a decrease of SAR 3.1 billion, or 5.1%.
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GASTAT signs a memorandum of cooperation with Qassim University

22-08-2024

The General Authority for Statistics (GASTAT) signed a memorandum of cooperation with Qassim University aimed at enhancing collaboration, improving coordination, and integrating efforts in their respective fields. The agreement also includes joint research initiatives between the two parties. It was signed by Dr. Fahad bin Abdullah Aldossari, President of GASTAT, and Prof. Mohammed bin Fahad Alsharekh, President of Qassim University. The agreement covers several areas, such as collaboration in developing and supporting academic programs focused on statistics, conducting external reviews of curricula, and providing researchers with access to interactive maps for estimating and analyzing statistical data. It also includes cooperation in data sharing, statistical indicators, and the execution of statistical surveys, along with the organization of lectures, seminars, and workshops in statistics and related disciplines. Furthermore, the agreement offers opportunities for cooperative and summer training for university students. In this regard, Dr. Fahad Aldossari, President of GASTAT, highlighted that statistical work plays a vital role in achieving the goals of the Kingdom’s Vision 2030 by establishing and assessing statistical indicators. He pointed out that the collaboration with Qassim University aids in tracking progress towards national goals and sustainable development targets through joint efforts to improve data exchange performance, address the needs of both parties, and stay abreast of statistical advancements in scientific research and future trends for developing statistical products that bolster the national economy and sustainable development. The partnership also seeks to enhance community awareness and understanding of various sectors and their activities. It is worth noting that the General Authority for Statistics is the official entity responsible for statistics in the Kingdom, serving as the sole official reference for conducting statistical work and supervising its technical and organizational aspects. GASTAT tasks include collecting statistical data and information from public and private entities as well as individuals, in addition to analyzing and studying this data to calculate various statistical indicators. GASTAT also provides consultancy and statistical reports for surveys and research, among other data and statistics services within its scope of work. Qassim University, in turn, is dedicated to achieving its educational and scientific goals and strategic plans, playing a significant and active role in development efforts by building bridges of cooperation with government entities across various sectors. The university aligns with the Kingdom's ongoing development in all fields, channeling its efforts to enhance the nation's status and support the continuous work towards achieving Vision 2030.

GASTST launches Saudi Statistician Program to attract national talents

05-08-2024

The General Authority for Statistics (GASTAT) invites graduates from the statistics and mathematics departments, along with several other specializations, to join the Saudi Statistician Program. This initiative aims to attract young national talents to develop a distinguished cadre of national specialists in the field of statistics, enabling Saudi youth with expertise in the field of statistics to contribute to GASTAT’s  national role. GASTAT emphasized that this initiative aligns with the ongoing efforts to empower university graduates, enhance their capabilities and skills, and add value to the statistical sector. It aims to build a generation capable of supporting statistical activities and national institutions in both the public and private sectors, recognizing the critical role of the sector in aiding policy and decision makers. In this context, GASTAT outlined several stages for joining the program. These include employing recent graduates to work directly at GASTAT for one year, during which they will receive intensive training in statistical work. This is followed by sponsoring them to pursue a master's degree. The program, open for applications until August 29 of this year, specifies the required specializations: statistics, mathematics, big data and analytics, economics, data science, quantitative methods, and data engineering. It is noteworthy that GASTAT aims to achieve achieve leadership and advancement in the statistical sector, striving to be the most distinguished and innovative statistical reference to support social and economic development in Saudi Arabia, following the best international standards and practices.

GASTAT: Real estate prices increase by 1.7% in Q2 2024

01-08-2024

According to the General Authority for Statistics, real estate prices in Saudi Arabia increased by 1.7% in the second quarter of 2024 compared to the same quarter last year. This rise is attributed to a 2.8% increase in residential real estate prices, according to the report published today by the General Authority for Statistics. The report also revealed that residential land prices increased by 2.8% year-on-year due to the significant impact of the residential sector on the rise in real estate prices in the second quarter of 2024 compared to the same period in 2023. The residential sector experienced a 2.8% increase in the second quarter of 2024, while prices for residential buildings rose by 0.1%, villas by 0.5%, and houses by 1.4%. Meanwhile, apartment prices saw a 2.9% increase. On the other hand, commercial real estate prices saw a 0.4% decline, influenced by a 0.4% decrease in commercial land prices. Prices for commercial exhibitions dropped by 0.6%, while prices for commercial buildings and centers remained stable in the second quarter of 2024, with no significant changes. In contrast, the agricultural sector experienced a 1.5% increase due to a 1.5% rise in agricultural land prices. The Real Estate Price Index is based on administrative data from the Ministry of Justice concerning real estate transactions. It serves as an essential tool for helping authorities make informed economic and statistical decisions about real estate price trends and future projections. The index encompasses three primary sectors, each with distinct real estate categories: the residential sector (which includes land plots, buildings, villas, apartments, and houses), the commercial sector (which includes land plots, buildings, exhibitions, shops, and commercial centers), and the agricultural sector (which covers only agricultural land).

Saudi Arabia and Bahrain discuss ways to enhance joint cooperation in statistical field

23-10-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics, met with Mr. Mohammed Ali Al Qaed, the CEO of the eGovernment Authority (eGA) in Bahrain, in the capital, Manama, to discuss ways to enhance joint efforts in the statistical sector and opportunities for developing cooperation in statistical data.

During the meeting, both sides reviewed the latest developments in statistical work in both countries, as well as the developmental efforts concerning the approved and updated methodologies for statistical products. This includes administrative records and the development and innovation of statistical products that contribute to supporting the development plans in both countries. Additionally, they discussed the mechanism for agreeing on the exchange of expertise in the areas of technical infrastructure of both authorities and several related topics in statistical work.

This meeting is part of a series of international meetings and visits aimed at building bridges of cooperation with statistical offices in the region, focusing on exchanging expertise, sharing experiences, and informing counterpart entities about the progress being made in the statistical sector in the Kingdom of Saudi Arabia.

President of GASTAT opens 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics in Manama

21-10-2024

The 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics (AITRS) was inaugurated in Manama, chaired by Dr. Fahad Aldossari, the President of the General Authority for Statistics and Chair of the previous meeting of the Board, over a two-day period from October 21 to 22, 2024, with the presence of their excellencies and members of the Board representing the member states.
Dr. Fahad Aldossari expressed, on behalf of the Board members, his sincere gratitude and appreciation to the Kingdom of Bahrain for hosting the 49th meeting. He commended the excellent organization and hospitality by the Information and eGovernment Authority (IGA) in the Kingdom of Bahrain, praising the efforts made by the Board members over the past year to implement the Institute's plan in its areas of specialization, which support the statistical offices in the member states and meet their needs in enhancing the capacity and efficiency of human resources. He emphasized the vital role played by the Institute in achieving cooperation among the member states.
Subsequently, Dr. Fahad Aldossari expressed his thanks and appreciation to the member states for the significant cooperation that the General Authority for Statistics received during its presidency of the 48th meeting, wishing the Republic of Tunisia, represented by the National Institute of Statistics, success in chairing the current 49th meeting of the Board of Trustees of the Arab Institute for Training and Research in Statistics (AITRS).

 

President of GASTAT Meets with President of Turkish Statistical Institute to Discuss Joint Cooperation

17-10-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics, met with Mr. Erhan Çetinkaya, President of the Turkish Statistical Institute (TurkStat), in Turkish capital, Ankara. This meeting took place on the sidelines of the 13th Session of the OIC Statistical Commission (SESRIC). During the meeting, they discussed the progress being made in statistical work in both countries and highlighted the key statistical products that are being developed and issued.

In this context, Dr. Fahad Aldossari welcomed the constructive cooperation between the two sides to exchange experiences, transfer knowledge, and enhance joint efforts. Several officials from both sides attended the meeting.

This meeting is part of a series of international meetings and visits with the goal of fostering cooperative relationships to exchange experiences, share best practices, and inform counterpart organizations about the advancements in the statistical sector in the Kingdom of Saudi Arabia.

President of GASTAT Discusses Joint Cooperation with Director General of SESRIC

17-10-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics, met with Mrs. Zehra Zümrüt Selçuk, Director General of (SESRIC) during his visit to the Republic of Turkey. The meeting focused on ways to enhance joint work in the field of statistics and to promote the exchange of expertise between the two parties.

It is noteworthy that this meeting took place on the sidelines of the13th Session of the OIC Statistical Commission (SESRIC), hosted in the Turkish capital, Ankara, with the participation of member states of the Organization of Islamic Cooperation. Several officials from both sides attended the meeting.

President of GASTAT heads the delegation participating in 13th session of OIC Statistical Commission

16-10-2024

President of the General Authority for Statistics (GASTAT) Dr. Fahad Aldossari  led GASTAT’s delegation participating in the 13th session of the Organization of Islamic Cooperation (OIC) Statistical Commission, (OIC-Stat), in Ankara, Turkey, on October 15 and 16, 2024. This session brought together heads of official statistical centers from OIC member states to exchange experience, discuss best practices, and enhance statistical capabilities within the organization. while guided by specific goals and principles to strengthen the spirit of solidarity and cooperation among Islamic countries.

Participants in the meetings discussed the follow-up on the implementation of the OIC Statistical Commission 2021-2025 work plan, along with other topics included in the current session's agenda. These topics included reviewing indicators related to the second goal of the Global Sustainable Development Goals and the role of official statistical agencies and offices in Islamic countries in supporting development plans in member states and enhancing the exchange of experiences among them.

It is noteworthy that the Kingdom of Saudi Arabia hosted the 12th session of the Organization of Islamic Cooperation Statistical Commission (OIC-StatCom) last year, which took place in Jeddah over two days (October 3 and 4, 2023). Heads of official statistical centers from OIC member states participated in discussions. This was the first time that the committee's meetings were held outside the headquarters country (Turkey), reflecting the Kingdom’s international status and its Arab and Islamic position, and affirming its keenness to enhance communication and joint work among Islamic countries in all fields.

President of GASTAT Meets with Chief Statistician of World Bank Group

15-10-2024

His Excellency Dr. Fahad Aldossari, President of the General Authority for Statistics (GASTAT), held a virtual meeting with Ms. Haishan Fu, Chief Statistician of the World Bank, aimed at enhancing partnership and cooperation between the two sides. During the meeting, they reviewed GASTAT's directions towards developing statistical products and discussed international statistical reports issued by the World Bank, as well as ways to strengthen cooperation in various statistical fields. Dr. Fahad Aldossari expressed his gratitude to Ms. Haishan Fu for her commendation of the remarkable progress in statistical work at the national level. He added that exchanging data and statistical indicators with international organizations is one of the strategic pathways within GASTAT's responsibilities, including providing international organizations with statistical data and indicators related to the Kingdom of Saudi Arabia. It is worth noting that the World Bank possesses a lot of global development knowledge and expertise and provides many technical assistance programs to most countries of the world in areas in which the Bank has extensive global technical expertise.

GASTAT: Inflation Rate in Saudi Arabia Stabilizes at 1.7% in September 2024

15-10-2024

The annual inflation rate in Saudi Arabia remained stable at 1.7% during September 2024, showing a relative stability on a year-on-year basis. The inflation rate in Saudi Arabia is considered one of the most stable rates, which confirms the strength and resilience of the Saudi economy. It also demonstrates the effectiveness of the economic plans and decisions that the Kingdom has swiftly implemented to address the wave of global inflation and  high prices.  It is noteworthy that the Consumer Price Index (CPI) reflects the changes in prices that consumers pay for a fixed basket of goods and services consisting of 490 items. This basket was selected based on the results of the Household Expenditure and Income Survey conducted in 2018. Prices are collected through field visits to points of sale, and statistics on the Consumer Price Index in the Kingdom are published on a monthly basis.

GASTAT IPI Rises by 1.0% in August 2024

13-10-2024

The General Authority for Statistics (GASTAT) released today the results of the Industrial Production Index (IPI) for August 2024. IPI increased by 1.0% during August 2024 compared to the same month in the previous year (August 2023), supported by the rise in mining and quarrying activity, manufacturing activity, and electricity, gas, steam, and air conditioning supply activities.  The publication indicated that the index for mining and quarrying activity in August 2024 rose by 0.8% compared to the same month of the previous year (August 2023). Additionally, the index for manufacturing activity in August 2024 increased by 1.1% compared to August 2023. The sub-index for the supply of electricity, gas, steam, and air conditioning recorded a rise of 4.1%, while the sub-index for water supply, sewerage and waste management and remediation activities decreased of 0.9% compared to August of the previous year. On another note, the index for oil-related activities recorded a decline of 1.4% in August 2024, while the index for non-oil activities achieved an increase of 7.0% compared to August 2023. It is worth mentioning that the General Authority for Statistics issues several statistical products related to the industry, including the Industrial Production Index (IPI), which is an economic indicator that reflects the relative changes and developments in the volume of industrial production. This survey targets industrial establishments engaged in the specified activities, namely mining and quarrying , manufacturing, electricity, gas, steam, and air conditioning supply, as well as water supply, sewage, and waste management activities.

Non-oil exports increase by 19.0% in July 2024

25-09-2024

The General Authority for Statistics (GASTAT) indicated that the value of merchandise exports during July 2024 amounted to 94.5 billion SAR, compared to 92.6 billion SAR during July 2023, with an increase of 1.9 billion SAR, or 2.1%.
The value of oil exports during July 2024 amounted to 69.1 billion SAR, compared to 71.3 billion SAR during July 2023, with a decrease of 2.2 billion SAR, or 3.1%, according to the results of the publication.
The value of non-oil exports (including re-exports) during July 2024 amounted to 25.4 billion SAR, compared to 21.3 billion SAR during July 2023, with an increase of 4.1 billion SAR by 19.2% , the results noted.
While the value of the Saudi Arabia's merchandise imports during July 2024 amounted to 75.2 billion SAR, compared to 66.8 billion SAR during July 2023, with a decrease of 8.4 billion SAR, or 12.6%. 

GASTAT President heads the delegation participating in 11th Meeting of the Standing Committee for Statistical Work Affairs in Muscat

16-09-2024

Dr. Fahad Aldossari, the President of the General Authority for Statistics (GASTAT), headed the delegation from GASTAT participating in the 11th Meeting of the Standing Committee for Statistical Work Affairs held in Muscat, Oman. The meeting aimed to enhance Gulf joint statistical work, support sustainable development plans, and exchange statistical expertise among member states.  The Committee reviewed the implementation of its previous decisions and examined performance reports from the past period. It discussed ways to strengthen cooperation among Gulf Cooperation Council (GCC) countries to elevate statistical work, keep pace with global developments, and continuously improve mechanisms for exchanging statistical data. The committee also focused on collaboration in sharing expertise and information, supporting programs to raise statistical awareness, and addressing common challenges. GASTAT’s President highlighted the importance of relations among the GCC countries in pushing wider horizons for effective cooperation in the field of information and statistical data. He expressed his appreciation to the committee members for their efforts in consolidating the concepts of statistical work and its role in supporting development plans and national visions for the council's countries. He praised the support that statistical offices receive from the leaders of GCC countries. The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (“GCC-Stat”) was established to enhance statistical and informational work for national statistical centers and planning agencies, serving as the official source of data, information, and statistics in the member states. The establishment of GCC Stat was approved by the GCC Ministerial Council in September 2011. The Charter was officially endorsed in December 2012 by the GCC Supreme Council (comprised of heads of member states).

 

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GASTAT launches guides on editorial policy and number writing

12-09-2024

The General Authority for Statistics released the Editorial Policy for Content Writing and Translation alongside the Numbers Writing Guide, aiming to streamline the creation of statistical content such as publications, reports, and indices. Additionally, these resources aim to disseminate knowledge on linguistic and technical aspects related to statistical content writing. The integration of scientific and technical language aligns with GASTAT's identity and vision. Both guides underwent rigorous scientific review by the King Salman Global Academy for Arabic Language. The release of the Numbers Writing Guide and Editorial Policy underscores GASTAT's commitment to enhancing statistical practices and providing necessary resources. This initiative includes offering linguistic insights in a user-friendly manner and promoting the use of contemporary scientific terminology in statistical discourse. Furthermore, it aims to convey statistical knowledge seamlessly, catering to the needs of individuals involved in statistical and economic content creation. The Editorial Policy for Content Writing and Translation offers a condensed scientific overview of significant linguistic rules, sourced from traditional linguistic literature, and reformulated for clarity. It comprises three primary chapters: guidelines for content editing and writing in Arabic, instructions for editing and writing press and media materials, and guidelines for translating content from Arabic to English. Individuals interested in the Arabic language can leverage the Numbers Writing Guide and Editorial Policy to enhance their writing across various domains. These resources serve as comprehensive references, not limited to statistical fields, but extending to writing, editing, journalistic practices, and media content creation. This release reaffirms GASTAT's commitment to advancing the statistical sector and ensuring accessibility to data and information in Arabic and English, characterized by simplicity, clarity, and robust scientific foundation.
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“General Authority for Statistics” Industrial Production Index rises by 1.6% in July 2024

10-09-2024

The General Authority for Statistics (GASTAT) released today the results of the Industrial Production Index (IPI) for July 2024. According to the report, the index increased by 1.6% in July 2024 compared to the same month in the previous year, July 2023. This growth was driven by the rise in manufacturing activity, electricity, gas, steam, and air conditioning supplies, as well as water supply, sewage, waste management, and treatment activities. The report revealed a 4.6% increase in the sub-index for manufacturing activity compared to July of the previous year, while the sub-index for mining and quarrying activity showed a decline of 0.8% in July 2024. The sub-index for electricity, gas, steam, and air conditioning supplies recorded an 8.2% increase, and the sub-index for water supply, sewage, waste management, and treatment activities rose by 1.1%, compared to July of the previous year. The report indicated that the oil activities index decreased by 1.1% in July 2024, while the non-oil activities index increased by 8.2% compared to the same month of the previous year. It is worth mentioning that the General Authority for Statistics issues several statistical products related to the industry, including the Industrial Production Index (IPI), which is an economic indicator that reflects the relative changes and developments in the volume of industrial production. This index is based on data from the Industrial Production Survey, which is conducted monthly and targets industrial establishments operating in key activities such as mining and quarrying, manufacturing, and electricity and gas supply.

President of GASTAT Participates in Regional Data and Community Development Forum in Sharjah

10-09-2024

The President of the General Authority for Statistics(GASTAT) Dr. Fahad Aldossari participated in a panel discussion held as part of the Regional Data and Community Development Forum in Sharjah, UAE. The session included a distinguished group of experts in social development, economists, data specialists, and decision-makers to discuss statistical offices in the age of artificial intelligence. Notable participants in the discussion included Ms. Kersti Kaljulaid, former President of Estonia, Mr. Ali bin Mahboob, former Chair of the UN Statistical Commission, and Mr. Alan Smithson, Co-Founder of MetaVerse.
During his participation in the "Expert Talk" session, Dr. Fahad Aldossari explained that GASTAT has invested in expanding the diversification of data sources by utilizing administrative records available from various entities in both the public and private sectors. He emphasized the importance of expanding strategic partnerships that support this direction, supplemented by satellite data and big data, in addition to the surveys conducted by GASTAT. He affirmed that diversifying data sources enhances their quality and reliability.
In the same context, He stated that focusing on the development of statistical systems aligns with Saudi Vision 2030, which prioritizes technological innovation and governance based on organized and unbiased data. He pointed out that Saudi Arabia's investment stems from the belief that technological advancement is not only a means to improve efficiency and accuracy but is also a fundamental pillar for transforming statistical centers into strategic tools that support decision-makers in developing data-driven economic and social policies.
It is noteworthy that Saudi Arabia is participating in the Regional Data and Community Development Forum, represented by GASTAT, at the invitation of the Sharjah Department of Statistics and Community Development which will take place on 9-10 October 2024. The forum aims to raise awareness of the importance and benefits of data in addressing social and environmental issues and to highlight best practices and examples in this field. The forum brings together policymakers, government officials, and private sector representatives along with community development experts, academics, researchers, national statistical offices, and international organizations.

Saudi Arabia wins the bid to host the 6th United Nations World Data Forum in 2026

08-09-2024

The High-level Group for Partnership, Coordination and Capacity-Building for Statistics for the 2030 Agenda for Sustainable Development (HLG-PCCB) announced today, Thursday, September 5, 2024 that the Kingdom of Saudi Arabia, represented by the General Authority for Statistics, won the bid to host the United Nations World Data Forum in Riyadh. The decision was made after securing the majority of votes following a review of the proposals from countries competing to host the forum, showcasing their capabilities to host this global event. The announcement of the Kingdom’s win came following a meeting of the HLG-PCCB group responsible for assigning the hosting rights to the candidate countries, during which Dr. Fahad bin Abdullah Aldossari, President of the General Authority for Statistics, presented the Kingdom’s bid. His presentation included an overview of GASTAT’s journey in statistical work, the transformations it has witnessed, the Kingdom's pioneering experience in hosting international events, and its ability to provide all forms of logistical support to achieve the objectives of these events. The proposal also included a suggested main topic for the forum titled “Using the Latest Technologies and Methodologies to Enhance Global Statistical Systems and Enable Sustainable Development”. In this context, Dr. Fahad Aldossari said, “Hosting this leading event by the Kingdom reflects its prominent status among nations, affirming the commitment of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Crown Prince Mohammed bin Salman Al Saud — may Allah protect them — to support the statistical sector, recognizing the pivotal role statistical data plays in supporting the implementation of comprehensive and sustainable development plans across all fields”. He added, “Winning the bid to host the United Nations World Data Forum 2026 crowns the prominent efforts in the statistical field. It also reflects the significant expansions in statistical work witnessed over recent years, driven by initiatives and projects led by the General Authority for Statistics, aiming to produce accurate and updated statistical data and indicators, through the continuous development of integrating various data sources using the best data management and governance infrastructures”.  It is noteworthy that the international data forum targets the 193 member states of the United Nations. The Kingdom’s win to host the sixth edition of the forum's activities emphasizes its pivotal role in supporting the directions aimed at providing high-quality statistical data and indicators. The forum also involves the participation of international organizations, statistical offices of the UN member states, as well as data scientists and those interested in statistics.

GASTAT delegation meets with several officials in the Republic of Estonia

30-08-2024

A delegation from the General Authority for Statistics, led by Dr. Fahad bin Abdullah Aldossari , GASTAT President, met with several government officials and private sector representatives in Estonia as part of their visit to the Republic of Estonia. During the meetings, they discussed ways to enhance cooperation in the statistical field, reviewed the latest developments in statistical practices, and strengthened the exchange of expertise. It is worth noting that this visit is part of a series of reciprocal visits with statistical agencies aimed at fostering cooperation, sharing experiences, and localizing practices that add value to GASTAT’s initiatives. The delegation also aimed to demonstrate the progress in statistical work in the Kingdom of Saudi Arabia, which is supported by the generous leadership, reflecting its commitment to providing data and statistical indicators that aid in development planning and inform both the local and international community about the advancements occurring in the Kingdom across all sectors.
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GASTAT: Non-oil exports increase by 10.5% in Q2, 2024

22-08-2024

The General Authority for Statistics (GASTAT) announced today a 10.5% increase in non-oil exports in the second quarter of 2024 compared to the second quarter of 2023. Additionally, national non-oil exports, excluding re-exports, increased by 1.4%, while the value of re-exported goods rose by 39.1% during the same period, according to the International Trade Publication for the second quarter of 2024. The Publication's results revealed a 4.3% rise in non-oil exports, including re-exports, while merchandise exports saw a 0.2% decline in the second quarter of 2024 compared to the same quarter in 2023. Imports also decreased by 5.6%, driven by a 3.3% decrease in oil exports. The share of oil exports in total exports fell to 75.0% in the second quarter of 2024, down from 77.4% in the corresponding quarter of the previous year. The Publication also reported a 3.0% increase in the Kingdom's imports during the second quarter of 2024. As for the trade balance, the surplus decreased by 6.0% compared to the same quarter of the previous year. Compared to the first quarter of 2024, the value of merchandise exports remained stable, while the value of imports decreased by 5.6%. The trade balance surplus increased by 13.2% compared to the first quarter of 2024. Additionally, the International Trade Publication for June 2024 indicated that the value of non-oil exports (including re-exports) reached SAR 21.6 billion in June 2024, compared to SAR 20.1 billion in June 2023, an increase of SAR 1.5 billion, or 7.3%. Meanwhile, the value of oil exports amounted to SAR 66.3 billion in June 2024, compared to SAR 73.2 billion in June 2023, a decrease of SAR 6.8 billion, or 9.3%. The decline in oil exports had the greatest impact on the decrease in merchandise exports. The value of merchandise exports was SAR 87.9 billion in June 2024, compared to SAR 93.3 billion in June 2023, a decrease of SAR 5.4 billion, or 5.8%. In contrast, the value of the Kingdom's merchandise imports was SAR 57.7 billion in June 2024, compared to SAR 60.8 billion in June 2023, a decrease of SAR 3.1 billion, or 5.1%.
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GASTAT signs a memorandum of cooperation with Qassim University

22-08-2024

The General Authority for Statistics (GASTAT) signed a memorandum of cooperation with Qassim University aimed at enhancing collaboration, improving coordination, and integrating efforts in their respective fields. The agreement also includes joint research initiatives between the two parties. It was signed by Dr. Fahad bin Abdullah Aldossari, President of GASTAT, and Prof. Mohammed bin Fahad Alsharekh, President of Qassim University. The agreement covers several areas, such as collaboration in developing and supporting academic programs focused on statistics, conducting external reviews of curricula, and providing researchers with access to interactive maps for estimating and analyzing statistical data. It also includes cooperation in data sharing, statistical indicators, and the execution of statistical surveys, along with the organization of lectures, seminars, and workshops in statistics and related disciplines. Furthermore, the agreement offers opportunities for cooperative and summer training for university students. In this regard, Dr. Fahad Aldossari, President of GASTAT, highlighted that statistical work plays a vital role in achieving the goals of the Kingdom’s Vision 2030 by establishing and assessing statistical indicators. He pointed out that the collaboration with Qassim University aids in tracking progress towards national goals and sustainable development targets through joint efforts to improve data exchange performance, address the needs of both parties, and stay abreast of statistical advancements in scientific research and future trends for developing statistical products that bolster the national economy and sustainable development. The partnership also seeks to enhance community awareness and understanding of various sectors and their activities. It is worth noting that the General Authority for Statistics is the official entity responsible for statistics in the Kingdom, serving as the sole official reference for conducting statistical work and supervising its technical and organizational aspects. GASTAT tasks include collecting statistical data and information from public and private entities as well as individuals, in addition to analyzing and studying this data to calculate various statistical indicators. GASTAT also provides consultancy and statistical reports for surveys and research, among other data and statistics services within its scope of work. Qassim University, in turn, is dedicated to achieving its educational and scientific goals and strategic plans, playing a significant and active role in development efforts by building bridges of cooperation with government entities across various sectors. The university aligns with the Kingdom's ongoing development in all fields, channeling its efforts to enhance the nation's status and support the continuous work towards achieving Vision 2030.

GASTST launches Saudi Statistician Program to attract national talents

05-08-2024

The General Authority for Statistics (GASTAT) invites graduates from the statistics and mathematics departments, along with several other specializations, to join the Saudi Statistician Program. This initiative aims to attract young national talents to develop a distinguished cadre of national specialists in the field of statistics, enabling Saudi youth with expertise in the field of statistics to contribute to GASTAT’s  national role. GASTAT emphasized that this initiative aligns with the ongoing efforts to empower university graduates, enhance their capabilities and skills, and add value to the statistical sector. It aims to build a generation capable of supporting statistical activities and national institutions in both the public and private sectors, recognizing the critical role of the sector in aiding policy and decision makers. In this context, GASTAT outlined several stages for joining the program. These include employing recent graduates to work directly at GASTAT for one year, during which they will receive intensive training in statistical work. This is followed by sponsoring them to pursue a master's degree. The program, open for applications until August 29 of this year, specifies the required specializations: statistics, mathematics, big data and analytics, economics, data science, quantitative methods, and data engineering. It is noteworthy that GASTAT aims to achieve achieve leadership and advancement in the statistical sector, striving to be the most distinguished and innovative statistical reference to support social and economic development in Saudi Arabia, following the best international standards and practices.

GASTAT: Real estate prices increase by 1.7% in Q2 2024

01-08-2024

According to the General Authority for Statistics, real estate prices in Saudi Arabia increased by 1.7% in the second quarter of 2024 compared to the same quarter last year. This rise is attributed to a 2.8% increase in residential real estate prices, according to the report published today by the General Authority for Statistics. The report also revealed that residential land prices increased by 2.8% year-on-year due to the significant impact of the residential sector on the rise in real estate prices in the second quarter of 2024 compared to the same period in 2023. The residential sector experienced a 2.8% increase in the second quarter of 2024, while prices for residential buildings rose by 0.1%, villas by 0.5%, and houses by 1.4%. Meanwhile, apartment prices saw a 2.9% increase. On the other hand, commercial real estate prices saw a 0.4% decline, influenced by a 0.4% decrease in commercial land prices. Prices for commercial exhibitions dropped by 0.6%, while prices for commercial buildings and centers remained stable in the second quarter of 2024, with no significant changes. In contrast, the agricultural sector experienced a 1.5% increase due to a 1.5% rise in agricultural land prices. The Real Estate Price Index is based on administrative data from the Ministry of Justice concerning real estate transactions. It serves as an essential tool for helping authorities make informed economic and statistical decisions about real estate price trends and future projections. The index encompasses three primary sectors, each with distinct real estate categories: the residential sector (which includes land plots, buildings, villas, apartments, and houses), the commercial sector (which includes land plots, buildings, exhibitions, shops, and commercial centers), and the agricultural sector (which covers only agricultural land).

Non-oil activities grow by 4.4% during Q2 of 2024

31-07-2024

The General Authority for Statistics released the real GDP Flash Estimates Publication for Q2 of 2024. According to the publication, there was a growth of 4.4% in non-oil activities and 3.6% in government activities, while the real GDP shrank by 0.4% from the Q2 of 2023, the 8.5% drop in oil-related activities was a contributing factor.  In contrast to Q1 of 2024, the seasonally adjusted real GDP increased by 1.4% in Q2 of 2024.