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Fixed Capital Assets

مثال النص المنسق

An annual economic survey aimed at measuring the size and changes in fixed assets owned by business sector establishments over a specified period, in accordance with standard classifications of asset types. The survey provides detailed data on depreciation, disposals, and additions to fixed assets. It also contributes to estimating the volume of fixed capital assets used in the economy, measuring the structure of the business sector in terms of asset distribution and investment patterns, supporting the compilation of national accounts, and providing key indicators that help monitor capital investments and analyze their impact on economic development.

Survey objectives

1.    Measuring the size and changes of fixed assets.
2.    Providing accurate data on depreciation, disposals, and additions to fixed assets.
3.    Providing accurate data on the volume of investment in fixed assets by asset type.
4.    Measuring the structure of the business sector and investment patterns.
5.    Supporting the compilation of national accounts and economic indicators.
6.    Assessing the impact of capital investments on economic development and their contribution to the production process.
7.    Providing detailed data on gross fixed capital formation by economic activity and asset type to improve GDP estimates
8.    Providing accurate and comprehensive indicators on financial and non-financial assets and the changes thereto.
9.    Supporting decision-makers, policymakers, and investors by providing reliable indicators on fixed assets.

Data collection tools

Via field visits Via phone calls

Key concepts

•    Gross Capital Formation: The gross capital formation is measured as the total value of fixed capital formation and the change occurring in the stock and the possession of precious items less its disposal.
•    Gross Fixed Capital Formation :The total values of what producers own of fixed assets upon subtracting the value of fixed assets disposed by producers (additions - disposals) during the accounting period in addition to the additions conducted on the non-producing assets such as land proclaiming and developing and expanding forests and transplanting and gardening ... etc that take more than one year. It also includes livestock such as breeding animals and milking ..etc Additionally, it includes the costs of transfer of ownership regarding buying and selling lands, mines, forests etc.
•    Assets: Assets in business and accounting are the economic resources owned by individuals, businessmen, or a given company. They include any tangible or intangible property suitable for paying debts and that can be considered part of the assets. Simply put, assets are valuable personal property that can be readily converted into cash (with cash itself also considered an asset).
•    Fixed Assets: producing productive assets that are used repeatedly or continuously in production operations for at least one year, and do not include land, mining reserves, forests and other similar tangible assets that can not be reproduced. Fixed assets as well as installations include machinery and equipment. Or continuous, such as fruit fruit trees, breeding animals, fattening, milk and traction, as well as intangible assets such as: Software and original artwork used in production.
•    Fixed Assets Purchased in a Year (Capital Formations): The fixed assets purchased by the establishment during the year to be used in achieving the objectives, not to be sold or to be used as a raw material in the production operations, such as buildings, lands, means of transport, equipment, machines, and furniture.
•    Tangible Fixed Assets: The largest component of gross fixed capital formation at the level of the national economy. Tangible fixed assets arise as outputs of the production process, such as dwellings, buildings, other structures, machinery, equipment, and similar assets.
•     Non-Produced Intangible Assets: These include non-financial, non-produced assets such as:
a)    Natural resources: land, mineral and energy reserves, water resources, forests, and fisheries.
b)    Contracts, leases, and licenses: rights to use natural resources, spectrum rights, and permits.
c)    Marketing assets: goodwill, brand names, and trademarks, when they are not generated through a production process in the usual sense.
•    Depreciation of Fixed Capital: The decrease in the value of the fixed capital used in production during the accounting period which is the result of the devaluation, obsolescence or depreciation which can be compensated from the Gross Fixed Capital Formation (GFCF) to get the net fixed capital formation.
•    Fixed Capital Additions During the Year: This represents the value of expenditures incurred during the year on fixed assets such as machinery and equipment, buildings, land, means of transport, furniture, and other similar tangible assets, for use in the production of goods and services.
 

  1. It is the total value of fixed assets held by producers, minus the value of fixed assets disposed of by producers (additions minus disposals) during the accounting period, plus additions made to non-produced assets such as land reclamation, development and expansion of forests, aquaculture, orchards, etc., which span more than one year. It also includes livestock such as breeding animals and dairy animals, as well as costs related to the transfer of ownership in the purchase and sale of land, mines, forests, and similar assets.

  2. 1.    Measuring the size and changes in fixed assets.
    2.    Providing accurate data on the volume of investment in fixed assets by asset type.
    3.    Measuring the structure of the business sector and investment patterns.

  3. The value does not include tax when recorded in the survey questionnaire.

  4. The survey questionnaire contains:
    •    Section 1: Contact Information
    •    Section 2: Establishment Information
    •    Section 3: Total Assets for 2024
    •    Section 4: Fixed Assets
    •    Section 5: Details of Assets on Buildings
    •    Section 6: Details of Assets on Machinery and Equipment
    •    Section 7: Non-Produced Assets

Privacy Policy

The General Authority for Statistics (GASTAT) is a government entity with an independent legal personality. It is the only official statistical reference for implementing, supervising, and regulating the statistical work in the Kingdom of Saudi Arabia.  It provides statistical products in social, economic, and environmental fields to support policymakers and decision-makers in advancing the implementation of development plans.
You can contact us by clicking on contact us link in our website, or send an email to: info@stats.gov.sa 


Date of last update:
The last update on the privacy notice was made on (update date). 


What is personal data?
Any data, regardless of its source or form, that may lead to identifying an individual specifically, or that may directly or indirectly make it possible to identify an individual, including name, personal identification number, addresses, contact numbers, bank and credit card numbers, photos, and videos of an individual, and any other data of personal nature.


What personal data is collected?
Various types of personal data and information is collected, which cover all aspects of life in the Kingdom: (demographic, social, economic, environmental, and cultural), including but not limited to:
Full name, age/date of birth, sex, address, contact information (e.g.: email address and phone numbers), ID number, marital status, current job information, previous job information, information about dependents/spouse/household.


How is personal data collected and what is the purpose?
Personal data is collected and obtained "directly or indirectly", using various methods, which include:       
- Direct methods of obtaining personal data:
- Field visit to the household or establishment by GASTAT’s staff or one of its representatives. 
- Phone call by GASTAT’s staff through the unified phone number: 199009.
- Self-completion on GASTAT’s website.
 
Indirect methods of obtaining personal data:
Collect cookies and data on how you use our site, including your visit date and time, and the type of browser you use.
By collecting data, GASTAT aims to produce official statistics that serve the public interest, i.e., any personal data collected, whether it belongs to the individual, or on behalf of another individual, will be used for statistical purposes and the production of official statistics.


 How do we use your personal data?
We use personal data collected directly or indirectly to produce official statistics that serve the public interest, and support policymakers and decision makers in advancing the implementation of development plans. GASTAT is the only official statistical reference for implementing, supervising, and regulating the statistical work in the Kingdom of Saudi Arabia.  


How do we share your personal data?
Your personal information won't be given to any third party for the purpose of direct marketing. We are also dedicated to protecting the confidentiality of all Saudi Arabia’s resident data, and not disclosing it. GASTAT abides by the participation guidelines that the regulators have approved. We also pledge to enforce the laws governing data confidentiality, non-disclosure, and personal data protection vigorously and strictly.


The legal basis for collecting and processing personal data:
According to the policy of personal data protection issued by the National Data Management Office, the legal basis for collecting and processing personal data is: 
- our explicit consent, and you can withdraw your consent at any time except for some exceptions explained above, and to do so you can contact the Data Governance Department.
- Legal Obligation: The regulations and bylaws in force - including Royal and High Orders - are a legal basis on which GASTAT can rely if the collection and processing of personal data is necessary to comply with these statutory requirements.
- Public Interest: Statistics collected from personal data aim to support policymakers, and decision makers to advance the implementation of Saudi Arabia's development plans.


How do we store your personal data?
Your personal data is stored securely in the technical assets of GASTAT in the Kingdom of Saudi Arabia.
Your personal data is kept for a specified period, after which we dispose of this data securely so that it cannot be accessed or restored again, based on GASTAT’s data preservation and destruction policy.


Rights of personal data owner:
Under the personal data policy, you have the following rights, which depend primarily on the purpose of collecting and processing personal data:
- Right to access personal data: you have the right to request a copy of your personal data, such data will be provided to you within seven working days via email DPO@stats.gov.sa
- Right to dispose personal data: you have the right to request the disposal of your personal data in certain circumstances that do not contradict with the legal basis based on which data was collected.
- Right to restrict data processing: you can restrict the processing of your personal data in certain circumstances and for specific period of time.
- Right to object to processing: you have the right to object to the processing of your personal data that is not inconsistent with the legal basis.
- Right to transfer your personal data: you have the right to ask us to transfer your personal data - collected directly from you - to another party, or to deliver it to you for a fee. This right cannot be exercised if your consent is the legal basis for processing.
Except as otherwise specified, you are not required to pay any fees for exercising these rights, and in the event that a request is made to exercise one of these rights, you will be responded to within (7 days) from the request date.
Furthermore, it should be stressed here that some of these rights (the right to data disposal, the right to data transfer, and the right to object to processing) are not absolute rights but rather depend on the primary purpose and the legal basis mentioned earlier. Other than that, they are regarded as absolute rights.
For more details about the processing of your personal data and how to exercise your rights, you can contact the Data Protection Officer at GASTAT using the contact information provided below:
Email: DPO@stats.gov.sa 
Except as stipulated, you are not required to pay any fee for the exercise of these rights, and if an application is made to exercise one of these rights you will be answered within (7 days) of the date of application.
It must also be emphasized here that some of these rights (the right to destroy data, the right to transmit data, the right to object to processing) are not absolute rights, but rather depend on the main purpose and statutory basis referred to earlier, and otherwise are absolute rights.
For more details about the processing of your personal data and how to exercise your rights, you can contact the Authority's Personal Data Protection Officer according to the contact data below:
Email: DPO@stats.gov.sa


How to submit a complaint?
If you have any complaints or issues regarding our adherence to the National Data Management Office's policy regarding the protection of personal data, you can contact the Data Governance Department via email at info@stats.gov.sa
You can email the GASTAT’s Data Governance Department at DPO@stats.gov.sa  to file a complaint if you are dissatisfied with how we handled your complaint or if we did not reply to you within three working days.
If GASTAT’s Data Governance Department does not resolve your complaint within 7 days, you may also file a complaint with the National Data Management Office about how we use your personal data.
 
Address of National Data Management Office:
 Kingdom of Saudi Arabia, Riyadh.
Website: Complaints (sdaia.gov.sa)