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GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
12-09-2017
Within the new bundle of cultural indicators
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
On Sunday, 12 Rabī‘ al-awwal 1438 corresponding to December 11, 2016, GaStat issued its indicator about the number of photography studios and its workers from 2011 to 2015 in all administrative regions of the Kingdom which has reached 2415 studios with 5382 photographer and workers.
The indicator issued by GaStat showed that Makkah region is in the lead by number of photography studios and its workers for the last five years. The number of studios in Makkah region has reached more than 802 in 2015, while Riyadh region is the second largest area after Makkah in the number of operators and photography studios which has reached more than 640 studios with more than 1400 worker in 2015.
GaStat's spokesman Taiseer Almofarrej explained that the photography indicator is considered one of the most important cultural indicators, and it measures the changes in number of shops that photograph people, number of photographers, and number of workers annually. The indicator reflects the development in photography activity in different regions of the Kingdom.
Almofarrej stressed that GaStat was keen to launch its indicator today to cope with the events of "colors of Saudi Arabia forum" to shed light on this activity. He also added that after the launch of any indicator, GaStat begin its assessment in order to develop the indicator with the collaboration of relevant entities. One of these indicators is the photography as one of the most important cultural indicators, in addition to the fact that photography field is one of the attractive fields to work in especially with the development of photography tools and the increasing demand on photographers, and the impact of images on media, art and culture particularly with the spread of social media. Knowing that the indicator does not include amateur photographers or who works independently as the indicator relies on record data from relevant entities.
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
12-09-2017
Within the new bundle of cultural indicators
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
On Sunday, 12 Rabī‘ al-awwal 1438 corresponding to December 11, 2016, GaStat issued its indicator about the number of photography studios and its workers from 2011 to 2015 in all administrative regions of the Kingdom which has reached 2415 studios with 5382 photographer and workers.
The indicator issued by GaStat showed that Makkah region is in the lead by number of photography studios and its workers for the last five years. The number of studios in Makkah region has reached more than 802 in 2015, while Riyadh region is the second largest area after Makkah in the number of operators and photography studios which has reached more than 640 studios with more than 1400 worker in 2015.
GaStat's spokesman Taiseer Almofarrej explained that the photography indicator is considered one of the most important cultural indicators, and it measures the changes in number of shops that photograph people, number of photographers, and number of workers annually. The indicator reflects the development in photography activity in different regions of the Kingdom.
Almofarrej stressed that GaStat was keen to launch its indicator today to cope with the events of "colors of Saudi Arabia forum" to shed light on this activity. He also added that after the launch of any indicator, GaStat begin its assessment in order to develop the indicator with the collaboration of relevant entities. One of these indicators is the photography as one of the most important cultural indicators, in addition to the fact that photography field is one of the attractive fields to work in especially with the development of photography tools and the increasing demand on photographers, and the impact of images on media, art and culture particularly with the spread of social media. Knowing that the indicator does not include amateur photographers or who works independently as the indicator relies on record data from relevant entities.
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.
GaStat honours Tawuniya
12-09-2017
For its role in raising statistical awareness within the economic survey
GaStat honours Tawuniya
H.E. Dr.Fahad Altekhaifi, the President of the General Authority for Statistics (GaStat), expressed his thanks to Tawuniya insurance company for supporting the operations of the economic survey of establishments (2016) that aim to support statistical awareness programs.
H.E. GaStat President stressed that giving the opportunity for the private sector to sponsor specialized surveys and research comes within the framework of enabling the support of statistical awareness, in which Gastat aims to raise the awareness of any research or study targeted groups to the importance of the information provided and its role in supporting relevant development decisions. He added that the private sector in the Kingdom of Saudi Arabia realizes its societal role and offers a number of supporting initiatives to achieve the goals of government agencies.
Dr. Altekhaifi explained that in this year, GaStat conducted its periodic economic survey through a series of economic research and surveys in order to provide detailed economic data of all establishments in the private and public sector and non-profit organizations to prepare indicators that help in recognizing the economic activities growth rate. More than 650 statistical researchers collected the data of 33,500 establishments in all regions of the Kingdom in order to obtain detailed economic data related to different aspects of the establishment.
Mr. Raed bin Abdullah Al-Tamimi, Tawuniya CEO, expressed pride in the strategic collaboration with GaStat through his visit to GaStat. He clarified that this sponsorship is part of the initiatives of Tawuniya to support the statistical awareness of the Saudi society because of the importance of its results in the development of the private sector. Mr. Al-Tamimi expressed his thanks to Gastat for giving them the opportunity to contribute in achieving the objectives of economic statistical products that supports the economic projects.
Mr. Al-Tamimi added that Tawuniya, as the leading insurance industry in the Kingdom, supports the economic projects especially small and medium enterprises and national authorities to complete the initiatives that have a positive impact on the society and insurance sector. He noted that Tawuniya has a great experience in insurance practices and provides a variety of insurance solutions that meet the needs of all business sectors, drawing attention that this approach is in line with the 2030 Saudi Vision.
Al-Tamimi asserted the importance of providing economic information about economic establishments to support decision makers in drawing a clear roadmap that contributes in implementing the goals and plans of the national transformation program. This program supports the role of economic establishments especially small and medium establishments in the GDP at a rate of up to 25% in 2020, which will contribute to reduce the dependence on oil and diversify sources of income.
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
12-09-2017
Within the new bundle of cultural indicators
GaStat: 5,382 photographers work in 2,415 photography studios in Saudi Arabia
On Sunday, 12 Rabī‘ al-awwal 1438 corresponding to December 11, 2016, GaStat issued its indicator about the number of photography studios and its workers from 2011 to 2015 in all administrative regions of the Kingdom which has reached 2415 studios with 5382 photographer and workers.
The indicator issued by GaStat showed that Makkah region is in the lead by number of photography studios and its workers for the last five years. The number of studios in Makkah region has reached more than 802 in 2015, while Riyadh region is the second largest area after Makkah in the number of operators and photography studios which has reached more than 640 studios with more than 1400 worker in 2015.
GaStat's spokesman Taiseer Almofarrej explained that the photography indicator is considered one of the most important cultural indicators, and it measures the changes in number of shops that photograph people, number of photographers, and number of workers annually. The indicator reflects the development in photography activity in different regions of the Kingdom.
Almofarrej stressed that GaStat was keen to launch its indicator today to cope with the events of "colors of Saudi Arabia forum" to shed light on this activity. He also added that after the launch of any indicator, GaStat begin its assessment in order to develop the indicator with the collaboration of relevant entities. One of these indicators is the photography as one of the most important cultural indicators, in addition to the fact that photography field is one of the attractive fields to work in especially with the development of photography tools and the increasing demand on photographers, and the impact of images on media, art and culture particularly with the spread of social media. Knowing that the indicator does not include amateur photographers or who works independently as the indicator relies on record data from relevant entities.
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.