The Latest Breaking News from General Authority for Statistics

Saudi Inflation Ticks up for Second Month in Row

Saudi Arabia's annual inflation inched up to 3.4% in January from 3.3% a month earlier as higher housing expenses continued to drive up living costs, government data showed on Wednesday. Housing, water, electricity, gas and other fuels, with a 25.5% weight of the consumer basket, the largest category, rose 6.6%…

Asharq Al-Awsat · Feb 16, 2023

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…

Asharq Al-Awsat · Feb 1, 2023

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,…

Asharq Al-Awsat · Jan 9, 2023

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 · Sep 29, 2022

Saudi Consumer Prices up 3% in August

Saudi Arabia’s consumer price index rose 3% in August from a year earlier, official data showed on Thursday, accelerating from a 2.7% pace in July. Food and beverages and transport prices were again the main driver of inflation in August, both rising 4%, the General Authority for Statistics said in…

Asharq Al-Awsat · Sep 15, 2022

Saudi GDP up 12.2% in Second Quarter, Exceeding Initial Estimate

Saudi Arabia's real gross domestic product expanded by 12.2% in the second quarter compared with the same period of 2021, data showed on Wednesday, as the world's top oil exporter reaps the rewards of high crude prices and a post-pandemic recovery. The second quarter growth figure exceeded a flash government…

Asharq Al-Awsat · Sep 7, 2022

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 · Aug 25, 2022

Saudi GDP Grows 11.8% Year/year in Q2

Saudi Arabia's gross domestic product rose by 11.8% in the second quarter compared with the same period in 2021, according to initial government estimates on Sunday amid higher world energy prices. Growth was largely driven by a 23.1% increase in oil activities, the General Authority for Statistics said, while non-oil…

Asharq Al-Awsat · Jul 31, 2022

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 · Jul 11, 2022

Saudi Unemployment Rate Drops to 6%

The latest official data released on Thursday in Saudi Arabia revealed a drop in the unemployment rate in the Saudi workforce. The total rate of unemployment — including Saudis and non-Saudis — dropped to 6% in Q1 2022 compared to 6.9% during the same period in 2021, according to the…

Asharq Al-Awsat · Jul 1, 2022