A government website registered with the Digital Government Authority.
Official Saudi Government websites URL ends with.gov.sa .
Website belongs to an official government organization in the Kingdom ofSaudi Arabia always ends with .gov.sa .
Official Reliable websites useHTTPS
Ensure the website is using the HTTPS protocol.
8 days until the beginning of the 1st GCC statistical forum events
12-09-2017
8 days until the beginning of the 1st GCC statistical forum events
After 8 days, the 1st GCC statistical forum events will begin in Riyadh under the theme " enhancing statistical collaborations to support economic policies and sustainable development in the GCC region". The forum will be under the patronage of the custodian of the two holly mosques king Salman bin Abdulaziz Al Saud, and organized by the general authority for statistics and the GCC statistical center on 21-23 Jumada second 1438 H corresponding to 20-22nd of March 2017.
The forum, in which there will be 40 speakers from the gulf region and other countries, other people who are specialized in statistics such as data producers and users, and people from the academic sector, focuses on main axes which are: statistical data and information request resulted from the national developmental tracks, sustainable development agenda and international economic issues, discussing the provision of statistical products and services to support the national developmental tracks and sustainable development in the GCC region, in addition to discussing the statistical collaborations between data producers and users to support the economic policies and sustainable development in the GCC region.
The first day will witness the opening event. Many political personalities will attend such as ministers, GCC general secretariat leaders, ambassadors, statistical organizations heads, international and regional organizations representatives, statistical sector specialists, media, and other participants.
The forum events will begin with 4 sessions on the first two days. On these sessions, the first axe will be discussed from an international perspective which is about statistical data and information request. Also, the sessions will discuss the international issues and their impact on the policies and reforms all over the world and on the gulf region in particular. Data needs and gaps will be taken into consideration too. Data request will be discussed also from a national and regional perspective. There will be a general session titled " statistics production and publication: the strategic motives of the national statistical organizations works". It will be followed by another general session that discusses the third axe which is about collaborations " next steps: towards sustainable framework and mechanisms for cooperation and dialogue between users and producers".
Along with the forum events, there will be 6 seminars; the first will discuss measuring the progress in achieving the sustainable development goals, the second is about enhancing the statistical knowledge. Whereas the third will focus on statistical media, and the fourth is about the mechanisms od statistical development by using information and telecommunication technologies. On the fifth seminar, data revolution will be discussed, it will present the cooperation between Arab countries to benefit from data revolution in enhancing statistics production and publication. After that, there will be two presentations about the preparations and challenges, they will be presented by one of the GCC countries and the GCC statistical center. As for the last seminar, collaborations between the public and private sectors in the field of statistics will be discussed.
8 days until the beginning of the 1st GCC statistical forum events
12-09-2017
8 days until the beginning of the 1st GCC statistical forum events
After 8 days, the 1st GCC statistical forum events will begin in Riyadh under the theme " enhancing statistical collaborations to support economic policies and sustainable development in the GCC region". The forum will be under the patronage of the custodian of the two holly mosques king Salman bin Abdulaziz Al Saud, and organized by the general authority for statistics and the GCC statistical center on 21-23 Jumada second 1438 H corresponding to 20-22nd of March 2017.
The forum, in which there will be 40 speakers from the gulf region and other countries, other people who are specialized in statistics such as data producers and users, and people from the academic sector, focuses on main axes which are: statistical data and information request resulted from the national developmental tracks, sustainable development agenda and international economic issues, discussing the provision of statistical products and services to support the national developmental tracks and sustainable development in the GCC region, in addition to discussing the statistical collaborations between data producers and users to support the economic policies and sustainable development in the GCC region.
The first day will witness the opening event. Many political personalities will attend such as ministers, GCC general secretariat leaders, ambassadors, statistical organizations heads, international and regional organizations representatives, statistical sector specialists, media, and other participants.
The forum events will begin with 4 sessions on the first two days. On these sessions, the first axe will be discussed from an international perspective which is about statistical data and information request. Also, the sessions will discuss the international issues and their impact on the policies and reforms all over the world and on the gulf region in particular. Data needs and gaps will be taken into consideration too. Data request will be discussed also from a national and regional perspective. There will be a general session titled " statistics production and publication: the strategic motives of the national statistical organizations works". It will be followed by another general session that discusses the third axe which is about collaborations " next steps: towards sustainable framework and mechanisms for cooperation and dialogue between users and producers".
Along with the forum events, there will be 6 seminars; the first will discuss measuring the progress in achieving the sustainable development goals, the second is about enhancing the statistical knowledge. Whereas the third will focus on statistical media, and the fourth is about the mechanisms od statistical development by using information and telecommunication technologies. On the fifth seminar, data revolution will be discussed, it will present the cooperation between Arab countries to benefit from data revolution in enhancing statistics production and publication. After that, there will be two presentations about the preparations and challenges, they will be presented by one of the GCC countries and the GCC statistical center. As for the last seminar, collaborations between the public and private sectors in the field of statistics will be discussed.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
The value of merchandise exports of Saudi Arabia during the first quarter of 2017 amounted to (206984) million riyals compared to (140186) million riyals for the same quarter last year, with an increase of (66799) million riyals (47.7%). While non-oil exports amounted to (44849) million riyals during the first quarter of 2017 compared to (43029) million riyals for the same period last year, with an increase of (1820) million riyals (4.2%). The value of Saudi Arabia's imports during the first quarter decreased by (12.3%) to reach (125558) million riyals with a decrease of (17542) million riyals compared to same quarter last year which recorded (143100) million riyals.
According to the quarterly report issued by GaStat for the first quarter of 2017, the value of Saudi merchandise exports recorded an increase of (5.2%) compared to the last quarter (4th quarter 2016) which recorded (196842) million riyals. While non-oil exports recorded a decrease of (4.5%)compared to the last quarter (4th quarter 2016) which recorded (46964) million riyals. The Saudi imports recorded a decrease of (0,05%) compared to the last quarter which recorded (125616) million riyals. The ratio of non-oil exports to imports reached (35.7%) in the first quarter of 2017 compared to (30.1%) for the same quarter last year, but this percentage was lower than the previous quarter (fourth quarter 2016), which recorded (37.4%).
The report shows that 20.4% of the imports were capital goods, 39.3% intermediate goods and 40.3% imports were goods for final consumption.
The increase in the value of non-oil exports in the first quarter of 2017 compared to the same quarter of last year was the result of the rise of the most important sections of merchandises exported, mainly plastics, rubber and their products, which rose by (9.8%) to the value of (14570) million riyals.
The products of chemical industries and related industries increased to (13355) million riyals compared to (11361) million riyals in the first quarter of 2016, which means an increase of (1993) million riyals (17.5%). Base metals and its products increased to (3703) million riyals Compared to (3636) million riyals in the first quarter of 2016, which means an increase of (66) million riyals (1.8%). The exports of Saudi Arabia in the transport equipment and its parts, machinery, and electrical appliances and equipment section reached (6204) million riyals which form (13.8%) of the Saudi non-oil exports in this period.
Regarding imports, the machinery, electrical appliances and equipment and thereof decreased by (19.3%) to reach (30191) million riyals in the first quarter of 2017 compared to (37397) million riyals in the first quarter of 2016. The imports of transportation equipment and thereof decreased to (20529) million riyals compared to (25377) million riyals (19.1%). While imports of chemical products and related industries decreased by (4.7%) to record (12638) million riyals in the first quarter of 2017 compared to (13268) million riyals for the same period last year.
The report pointed out that the total volume of non-oil exported merchandise increased to (13248) thousand tons in the first quarter of 2017 compared to (13103) thousand tons in the first quarter of 2016, which means an increase of 1.1%. The volume of imports in the first quarter of 2017 also decreased to (17130) thousand tons compared to (20561) thousand tons for the same quarter of last year with a decrease of (16.7%).
On the geographical distribution of Saudi Arabia's exports of non-oil merchandise, the report pointed out that exports to Asian countries, excluding Arab and Islamic countries, are at the top of the groups that have been exported to, recording a rise of (32.1%) to register (14246) in the first quarter of 2017 compared to (10781) million riyals in the first quarter 2016.
Exports to the GCC countries decreased by (4.9%) to reach (11934) million riyals, while the rest of the groups decreased to (5.3%) to register (18669) million riyals.
UAE is the top country for exports in the first quarter of 2017:
The United Arab Emirates, China, India, Singapore and Kuwait are the top countries for exports, as their exports formed (41.7%) of the total non-oil exports compared to (36.6%) in the first quarter of 2016.
China is the top country for imports in the first quarter of 2017:
The United States of America, China, Germany, the United Arab Emirates and Japan are the top countries of imports, as their merchandise imports formed (45.9%) compared to (46%) in the first quarter of 2016.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
The value of merchandise exports of Saudi Arabia during the first quarter of 2017 amounted to (206984) million riyals compared to (140186) million riyals for the same quarter last year, with an increase of (66799) million riyals (47.7%). While non-oil exports amounted to (44849) million riyals during the first quarter of 2017 compared to (43029) million riyals for the same period last year, with an increase of (1820) million riyals (4.2%). The value of Saudi Arabia's imports during the first quarter decreased by (12.3%) to reach (125558) million riyals with a decrease of (17542) million riyals compared to same quarter last year which recorded (143100) million riyals.
According to the quarterly report issued by GaStat for the first quarter of 2017, the value of Saudi merchandise exports recorded an increase of (5.2%) compared to the last quarter (4th quarter 2016) which recorded (196842) million riyals. While non-oil exports recorded a decrease of (4.5%)compared to the last quarter (4th quarter 2016) which recorded (46964) million riyals. The Saudi imports recorded a decrease of (0,05%) compared to the last quarter which recorded (125616) million riyals. The ratio of non-oil exports to imports reached (35.7%) in the first quarter of 2017 compared to (30.1%) for the same quarter last year, but this percentage was lower than the previous quarter (fourth quarter 2016), which recorded (37.4%).
The report shows that 20.4% of the imports were capital goods, 39.3% intermediate goods and 40.3% imports were goods for final consumption.
The increase in the value of non-oil exports in the first quarter of 2017 compared to the same quarter of last year was the result of the rise of the most important sections of merchandises exported, mainly plastics, rubber and their products, which rose by (9.8%) to the value of (14570) million riyals.
The products of chemical industries and related industries increased to (13355) million riyals compared to (11361) million riyals in the first quarter of 2016, which means an increase of (1993) million riyals (17.5%). Base metals and its products increased to (3703) million riyals Compared to (3636) million riyals in the first quarter of 2016, which means an increase of (66) million riyals (1.8%). The exports of Saudi Arabia in the transport equipment and its parts, machinery, and electrical appliances and equipment section reached (6204) million riyals which form (13.8%) of the Saudi non-oil exports in this period.
Regarding imports, the machinery, electrical appliances and equipment and thereof decreased by (19.3%) to reach (30191) million riyals in the first quarter of 2017 compared to (37397) million riyals in the first quarter of 2016. The imports of transportation equipment and thereof decreased to (20529) million riyals compared to (25377) million riyals (19.1%). While imports of chemical products and related industries decreased by (4.7%) to record (12638) million riyals in the first quarter of 2017 compared to (13268) million riyals for the same period last year.
The report pointed out that the total volume of non-oil exported merchandise increased to (13248) thousand tons in the first quarter of 2017 compared to (13103) thousand tons in the first quarter of 2016, which means an increase of 1.1%. The volume of imports in the first quarter of 2017 also decreased to (17130) thousand tons compared to (20561) thousand tons for the same quarter of last year with a decrease of (16.7%).
On the geographical distribution of Saudi Arabia's exports of non-oil merchandise, the report pointed out that exports to Asian countries, excluding Arab and Islamic countries, are at the top of the groups that have been exported to, recording a rise of (32.1%) to register (14246) in the first quarter of 2017 compared to (10781) million riyals in the first quarter 2016.
Exports to the GCC countries decreased by (4.9%) to reach (11934) million riyals, while the rest of the groups decreased to (5.3%) to register (18669) million riyals.
UAE is the top country for exports in the first quarter of 2017:
The United Arab Emirates, China, India, Singapore and Kuwait are the top countries for exports, as their exports formed (41.7%) of the total non-oil exports compared to (36.6%) in the first quarter of 2016.
China is the top country for imports in the first quarter of 2017:
The United States of America, China, Germany, the United Arab Emirates and Japan are the top countries of imports, as their merchandise imports formed (45.9%) compared to (46%) in the first quarter of 2016.
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
25-07-2017
Based on record data from the Ministry of Justice
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
On Monday 1 Dhu al- Qa’dah, 1438H (July 24, 2017), the General Authority for Statistics (GaStat) issued the Real Estate Price Index in Saudi Arabia, which is based on record data available at the Ministry of Justice about real estate transactions. GaStat described the Real Estate Price Index as an important tool to support stakeholders in making economic and statistical decisions regarding the movements of real estate prices and future forecasts during different periods of time. The index includes three main sectors consisting of several types of real estate: Residential sector consisting of the following types (land, Apartment and house), commercial sector consisting of (land, building, showroom/ store or commercial centre), agricultural sector consisting of one type which is agricultural land.
The Real Estate Price Index showed a decline in real estate prices for the second quarter of 2017, which reached 0.6% compared to the previous quarter (1st quarter 20170) . the index also recorded a decline of 8.6% in the second quarter of 2017 compared to the same quarter last year (2nd quarter 2016).
The report, which was published today, attributed the decline in Real Estate Price Index for the 2nd quarter of 2017 compared to the previous quarter (1st quarter 2017) to the decline witnessed in two of the main sectors comprising the index: the commercial sector 2.2% and the agricultural sector 0.2%, while The housing sector rose 0.2%.
The decline in the Real Estate Price index for the second quarter of 2017 compared to the previous year (second quarter 2016) is the result of the decline in all the main sectors comprising the index: the commercial sector 10.9%, the residential sector 7.9%, the agricultural sector 1.0% .
As part of its duties as an official reference for statistics in Saudi Arabia and as a supervisor and organizer of the statistical sector, the General Authority for Statistics has taken care to monitor the movements of the prices of the constituent units of the real estate sector and monitor the value of their transactions in various regions of the Kingdom and follow the changes that occur from time to time through the statistical product “Real Estate Price Index” which is prepared based on data provided by the Ministry of Justice in this field, within the framework of integration and cooperation between the various governmental bodies aimed at advancing sustainable development in the Kingdom.
This product aims at finding unique real estate indices that measure the performance of real estate market in the Kingdom and fill the data gap in this sector. It is an important tool to support economic decision makers. Its data benefit individuals interested in the economic and statistical analysis of real estate movements and future forecast during different periods of time.
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
25-07-2017
Based on record data from the Ministry of Justice
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
On Monday 1 Dhu al- Qa’dah, 1438H (July 24, 2017), the General Authority for Statistics (GaStat) issued the Real Estate Price Index in Saudi Arabia, which is based on record data available at the Ministry of Justice about real estate transactions. GaStat described the Real Estate Price Index as an important tool to support stakeholders in making economic and statistical decisions regarding the movements of real estate prices and future forecasts during different periods of time. The index includes three main sectors consisting of several types of real estate: Residential sector consisting of the following types (land, Apartment and house), commercial sector consisting of (land, building, showroom/ store or commercial centre), agricultural sector consisting of one type which is agricultural land.
The Real Estate Price Index showed a decline in real estate prices for the second quarter of 2017, which reached 0.6% compared to the previous quarter (1st quarter 20170) . the index also recorded a decline of 8.6% in the second quarter of 2017 compared to the same quarter last year (2nd quarter 2016).
The report, which was published today, attributed the decline in Real Estate Price Index for the 2nd quarter of 2017 compared to the previous quarter (1st quarter 2017) to the decline witnessed in two of the main sectors comprising the index: the commercial sector 2.2% and the agricultural sector 0.2%, while The housing sector rose 0.2%.
The decline in the Real Estate Price index for the second quarter of 2017 compared to the previous year (second quarter 2016) is the result of the decline in all the main sectors comprising the index: the commercial sector 10.9%, the residential sector 7.9%, the agricultural sector 1.0% .
As part of its duties as an official reference for statistics in Saudi Arabia and as a supervisor and organizer of the statistical sector, the General Authority for Statistics has taken care to monitor the movements of the prices of the constituent units of the real estate sector and monitor the value of their transactions in various regions of the Kingdom and follow the changes that occur from time to time through the statistical product “Real Estate Price Index” which is prepared based on data provided by the Ministry of Justice in this field, within the framework of integration and cooperation between the various governmental bodies aimed at advancing sustainable development in the Kingdom.
This product aims at finding unique real estate indices that measure the performance of real estate market in the Kingdom and fill the data gap in this sector. It is an important tool to support economic decision makers. Its data benefit individuals interested in the economic and statistical analysis of real estate movements and future forecast during different periods of time.
Recommendations
01-06-2017
First: Recommendations to improve efficiency of statistical entities:
Second: Recommendations to improve efficiency of statistical products:
Third: Recommendations to follow up indicators of sustainable development:
Fourth: Recommendations to activate statistics technology use:
Fifth: Recommendations to raise statistical awareness:
Sixth: Recommendations to improve private sector efficiency:
Seventh: Recommendation to develop inter-Gulf statistical work:
Recommendations
01-06-2017
First: Recommendations to improve efficiency of statistical entities:
Second: Recommendations to improve efficiency of statistical products:
Third: Recommendations to follow up indicators of sustainable development:
Fourth: Recommendations to activate statistics technology use:
Fifth: Recommendations to raise statistical awareness:
Sixth: Recommendations to improve private sector efficiency:
Seventh: Recommendation to develop inter-Gulf statistical work:
8 days until the beginning of the 1st GCC statistical forum events
12-09-2017
8 days until the beginning of the 1st GCC statistical forum events
After 8 days, the 1st GCC statistical forum events will begin in Riyadh under the theme " enhancing statistical collaborations to support economic policies and sustainable development in the GCC region". The forum will be under the patronage of the custodian of the two holly mosques king Salman bin Abdulaziz Al Saud, and organized by the general authority for statistics and the GCC statistical center on 21-23 Jumada second 1438 H corresponding to 20-22nd of March 2017.
The forum, in which there will be 40 speakers from the gulf region and other countries, other people who are specialized in statistics such as data producers and users, and people from the academic sector, focuses on main axes which are: statistical data and information request resulted from the national developmental tracks, sustainable development agenda and international economic issues, discussing the provision of statistical products and services to support the national developmental tracks and sustainable development in the GCC region, in addition to discussing the statistical collaborations between data producers and users to support the economic policies and sustainable development in the GCC region.
The first day will witness the opening event. Many political personalities will attend such as ministers, GCC general secretariat leaders, ambassadors, statistical organizations heads, international and regional organizations representatives, statistical sector specialists, media, and other participants.
The forum events will begin with 4 sessions on the first two days. On these sessions, the first axe will be discussed from an international perspective which is about statistical data and information request. Also, the sessions will discuss the international issues and their impact on the policies and reforms all over the world and on the gulf region in particular. Data needs and gaps will be taken into consideration too. Data request will be discussed also from a national and regional perspective. There will be a general session titled " statistics production and publication: the strategic motives of the national statistical organizations works". It will be followed by another general session that discusses the third axe which is about collaborations " next steps: towards sustainable framework and mechanisms for cooperation and dialogue between users and producers".
Along with the forum events, there will be 6 seminars; the first will discuss measuring the progress in achieving the sustainable development goals, the second is about enhancing the statistical knowledge. Whereas the third will focus on statistical media, and the fourth is about the mechanisms od statistical development by using information and telecommunication technologies. On the fifth seminar, data revolution will be discussed, it will present the cooperation between Arab countries to benefit from data revolution in enhancing statistics production and publication. After that, there will be two presentations about the preparations and challenges, they will be presented by one of the GCC countries and the GCC statistical center. As for the last seminar, collaborations between the public and private sectors in the field of statistics will be discussed.
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
27-07-2017
GaStat: An Increase in Exports and a Decrease in Merchandise Imports of Saudi Arabia (1st quarter-2017)
The value of merchandise exports of Saudi Arabia during the first quarter of 2017 amounted to (206984) million riyals compared to (140186) million riyals for the same quarter last year, with an increase of (66799) million riyals (47.7%). While non-oil exports amounted to (44849) million riyals during the first quarter of 2017 compared to (43029) million riyals for the same period last year, with an increase of (1820) million riyals (4.2%). The value of Saudi Arabia's imports during the first quarter decreased by (12.3%) to reach (125558) million riyals with a decrease of (17542) million riyals compared to same quarter last year which recorded (143100) million riyals.
According to the quarterly report issued by GaStat for the first quarter of 2017, the value of Saudi merchandise exports recorded an increase of (5.2%) compared to the last quarter (4th quarter 2016) which recorded (196842) million riyals. While non-oil exports recorded a decrease of (4.5%)compared to the last quarter (4th quarter 2016) which recorded (46964) million riyals. The Saudi imports recorded a decrease of (0,05%) compared to the last quarter which recorded (125616) million riyals. The ratio of non-oil exports to imports reached (35.7%) in the first quarter of 2017 compared to (30.1%) for the same quarter last year, but this percentage was lower than the previous quarter (fourth quarter 2016), which recorded (37.4%).
The report shows that 20.4% of the imports were capital goods, 39.3% intermediate goods and 40.3% imports were goods for final consumption.
The increase in the value of non-oil exports in the first quarter of 2017 compared to the same quarter of last year was the result of the rise of the most important sections of merchandises exported, mainly plastics, rubber and their products, which rose by (9.8%) to the value of (14570) million riyals.
The products of chemical industries and related industries increased to (13355) million riyals compared to (11361) million riyals in the first quarter of 2016, which means an increase of (1993) million riyals (17.5%). Base metals and its products increased to (3703) million riyals Compared to (3636) million riyals in the first quarter of 2016, which means an increase of (66) million riyals (1.8%). The exports of Saudi Arabia in the transport equipment and its parts, machinery, and electrical appliances and equipment section reached (6204) million riyals which form (13.8%) of the Saudi non-oil exports in this period.
Regarding imports, the machinery, electrical appliances and equipment and thereof decreased by (19.3%) to reach (30191) million riyals in the first quarter of 2017 compared to (37397) million riyals in the first quarter of 2016. The imports of transportation equipment and thereof decreased to (20529) million riyals compared to (25377) million riyals (19.1%). While imports of chemical products and related industries decreased by (4.7%) to record (12638) million riyals in the first quarter of 2017 compared to (13268) million riyals for the same period last year.
The report pointed out that the total volume of non-oil exported merchandise increased to (13248) thousand tons in the first quarter of 2017 compared to (13103) thousand tons in the first quarter of 2016, which means an increase of 1.1%. The volume of imports in the first quarter of 2017 also decreased to (17130) thousand tons compared to (20561) thousand tons for the same quarter of last year with a decrease of (16.7%).
On the geographical distribution of Saudi Arabia's exports of non-oil merchandise, the report pointed out that exports to Asian countries, excluding Arab and Islamic countries, are at the top of the groups that have been exported to, recording a rise of (32.1%) to register (14246) in the first quarter of 2017 compared to (10781) million riyals in the first quarter 2016.
Exports to the GCC countries decreased by (4.9%) to reach (11934) million riyals, while the rest of the groups decreased to (5.3%) to register (18669) million riyals.
UAE is the top country for exports in the first quarter of 2017:
The United Arab Emirates, China, India, Singapore and Kuwait are the top countries for exports, as their exports formed (41.7%) of the total non-oil exports compared to (36.6%) in the first quarter of 2016.
China is the top country for imports in the first quarter of 2017:
The United States of America, China, Germany, the United Arab Emirates and Japan are the top countries of imports, as their merchandise imports formed (45.9%) compared to (46%) in the first quarter of 2016.
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
25-07-2017
Based on record data from the Ministry of Justice
GaStat Issued the Real Estate Price Index for the 2nd Quarter- 2017
On Monday 1 Dhu al- Qa’dah, 1438H (July 24, 2017), the General Authority for Statistics (GaStat) issued the Real Estate Price Index in Saudi Arabia, which is based on record data available at the Ministry of Justice about real estate transactions. GaStat described the Real Estate Price Index as an important tool to support stakeholders in making economic and statistical decisions regarding the movements of real estate prices and future forecasts during different periods of time. The index includes three main sectors consisting of several types of real estate: Residential sector consisting of the following types (land, Apartment and house), commercial sector consisting of (land, building, showroom/ store or commercial centre), agricultural sector consisting of one type which is agricultural land.
The Real Estate Price Index showed a decline in real estate prices for the second quarter of 2017, which reached 0.6% compared to the previous quarter (1st quarter 20170) . the index also recorded a decline of 8.6% in the second quarter of 2017 compared to the same quarter last year (2nd quarter 2016).
The report, which was published today, attributed the decline in Real Estate Price Index for the 2nd quarter of 2017 compared to the previous quarter (1st quarter 2017) to the decline witnessed in two of the main sectors comprising the index: the commercial sector 2.2% and the agricultural sector 0.2%, while The housing sector rose 0.2%.
The decline in the Real Estate Price index for the second quarter of 2017 compared to the previous year (second quarter 2016) is the result of the decline in all the main sectors comprising the index: the commercial sector 10.9%, the residential sector 7.9%, the agricultural sector 1.0% .
As part of its duties as an official reference for statistics in Saudi Arabia and as a supervisor and organizer of the statistical sector, the General Authority for Statistics has taken care to monitor the movements of the prices of the constituent units of the real estate sector and monitor the value of their transactions in various regions of the Kingdom and follow the changes that occur from time to time through the statistical product “Real Estate Price Index” which is prepared based on data provided by the Ministry of Justice in this field, within the framework of integration and cooperation between the various governmental bodies aimed at advancing sustainable development in the Kingdom.
This product aims at finding unique real estate indices that measure the performance of real estate market in the Kingdom and fill the data gap in this sector. It is an important tool to support economic decision makers. Its data benefit individuals interested in the economic and statistical analysis of real estate movements and future forecast during different periods of time.
Recommendations
01-06-2017
First: Recommendations to improve efficiency of statistical entities:
Second: Recommendations to improve efficiency of statistical products:
Third: Recommendations to follow up indicators of sustainable development:
Fourth: Recommendations to activate statistics technology use:
Fifth: Recommendations to raise statistical awareness:
Sixth: Recommendations to improve private sector efficiency:
Seventh: Recommendation to develop inter-Gulf statistical work: