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The Latest Breaking News from GaStat

Saudi Unemployment Hits Record Low, Approaches ‘Vision 2030’ Target

In the last quarter of 2022, the unemployment rates in Saudi Arabia hit a historical low of 8%, which is only one percentage point away from the targeted rate of 7% specified in the country's national transformation plan, “Vision 2030.” The decrease in joblessness in the Kingdom can be attributed…

Asharq Al-Awsat

Saudi Economy Registers Highest Growth among G20 Countries

Saudi Arabia’s gross domestic product (GDP) grew by 8.7 percent in 2022, registering the highest growth rate among the G20 countries, despite the complex economic conditions and challenges facing the world. This rise has exceeded the expectations of international organizations, which have estimated the Saudi GDP to increase by 8.3…

Asharq Al-Awsat

Saudi Arabia’s GASTAT: Exports of Goods Increased by 1% in December

The General Authority for Statistics (GASTAT) has said that the value of exports of goods in Saudi Arabia during December 2022 amounted to SAR108 billion, an increase of SAR1 billion, or 1%, compared to SAR107 billion during December 2021. According to GASTAT’s publication, the value of oil exports during December…

Asharq Al-Awsat

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GASTAT: Industrial Production Index in Saudi Arabia Increased by 7.3% in December

The General Authority for Statistics (GASTAT) has issued the results of the industrial production index for December 2022, showing that IPI increased by 7.3% compared to the same month in the previous year, as a result of the increase in mining, quarrying, and manufacturing activity. The results of the index's…

Asharq Al-Awsat

Saudi Economy Grows 8.7%

Saudi Arabia registered an 8.7% economic growth in 2022, the General Authority for Statistics (GASTAT) said on Tuesday. The real GDP of the Kingdom during the fourth quarter of 2022 grew by 5.4 percent, compared to the same period in 2021. “This increase in GDP was a result of the…

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Saudi Arabia Set to Become World’s Fastest-Growing Major Economy in 2023

Saudi Arabia is set to overtake India as the fastest-growing major economy in 2023 after the latter lost growth due to weak demand at home and abroad. The Kingdom’s real gross domestic product grew by 8.8 % in the third quarter of 2022 compared to the same period in 2021,…

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Unemployment Rate Continues to Decline among Saudis

Saudi Arabia’s labor market indicators showed a decrease in the unemployment rate by 1.4 percentage points in the third quarter of 2022, compared to the same period in 2021. The rate of participation of citizens in the labor force increased by 2.7 percentage points, and the ratio of the employed…

Asharq Al-Awsat

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Saudi Private Sector Operating Revenues Exceed $1 Trillion

Official statistics revealed that the operating revenues of the business sector in Saudi Arabia in 2022 exceeded 4 trillion riyals ($1 trillion). Data published by the General Authority for Statistics (GASTAT) on Wednesday highlighted the recovery of the business sector from the impact of the Covid-19 pandemic. Features of the…

Asharq Al-Awsat

Green Spaces in Saudi Arabia Increase by 9%

In line with the Green Saudi Arabia and Green Middle East initiatives launched by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, official statistics revealed on Thursday that the areas of green spaces, parks and gardens in the municipal sector have expanded by 9% during 2021 compared to the same…

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GASTAT: Saudi Non-Oil Exports Increased by 16.6% in August

The General Authority for Statistics (GASTAT) said in its latest report that the value of merchandise exports in Saudi Arabia in August reached 134 billion riyals compared to 90 billion riyals during the same month in 2021, with an increase of 49.1%. The value of oil exports in August reached…

Asharq Al-Awsat

Saudi Unemployment Rate Drops to 9.7% in Q2 of 2022

The General Authority for Statistics (GASTAT) said Thursday that the Saudi unemployment rate has decreased to 9.7% in the second quarter, compared to 10.1% in the first quarter of 2022. According to GASTAT’s Labor Market Publication for the second quarter of 2022, the total unemployment rate (for Saudis and non-Saudis)…

Asharq Al-Awsat

Saudi Arabia Records Surges in Non-Oil Exports

The value of non-oil exports (including re-exports) during June 2022 reached SR30 billion, compared to SR24 billion during June 2021, with an increase of SR6 billion or 26.8%, new data from the General Authority for Statistics (GASTAT) showed. Saudi Arabia’s non-oil exports surged by 31 % in the second quarter…

Asharq Al-Awsat

Annual Saudi Inflation Rate Rises 2.7% in July

The General Authority for Statistics (GASTAT) released on Monday the results of the Saudi Consumer Price Index and Wholesale Price Index for July 2022. On its official website, GASTAT said that the consumer price index rose 2.7% in July from a year earlier, increasing from 2.3% in June. The main…

Asharq Al-Awsat

Saudi Non-governmental Real Estate Investment Nearly Exceeds $68b

With the qualitative leap that Saudi Arabia has achieved at the global economic level, the real estate sector is expected to lead one of the engines of the country’s economic growth in the coming period, as private sector investments have exceeded 254 billion riyals ($67.7 billion), according to recent estimations.…

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Asharq Al-Awsat

Saudi Arabia Posts Highest Economic Growth Since 2011

The Saudi General Authority for Statistics (GASTAT) revealed on Sunday that the Kingdom’s real gross domestic product (GDP) jumped by 11.8 % year-on-year (YoY) in the second quarter of 2022. The announcement countered International Monetary Fund projections that the economy will grow at 7.6% this year, the highest growth among…

Asharq Al-Awsat

Saudi Industrial Production Index up 24% in May

The Saudi industrial production index (IPI) increased in May by 24 percent compared to the same period last year, according to General Authority for Statistics (Gastat). The IPI continued to show positive growth rates due to the high production in the three sub-sectors mining and quarrying, manufacturing, and electricity and…

Asharq Al-Awsat

Saudi Economy Grows by 9.6% in 1st Quarter of 2022, its Highest Since 2011

The General Authority for Statistics (GASTAT) published flash estimates of the Saudi Gross Domestic Product (GDP) growth rate for the first quarter of 2022, reported the Saudi Press Agency. The figures reveal that the GDP has made the highest growth rate in 10 years, achieving a growth of 9.6% during…

Asharq Al-Awsat

GaStat: Saudi Non-Oil Exports Jump 26% in November

Saudi Arabia’s overall merchandise exports jumped 82.5% in November 2021 compared to the same month in 2020, according to official data released by the Saudi General Authority for Statistics (GaStat) on Tuesday. Non-oil exports increased by 26.1% year-on-year in November 2021, rising to SAR26 billion ($6.9 billion) from SAR20.6 billion…

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