GaStat: Real Estate Index Decreased by (6.3%) compared to the previous year and stabilized compared to Second Quarter On Tuesday Safar 4th, 1439 (October 24th,2017), GaStat issued its quarterly indicator of the real estate price general index in the Kingdom of Saudi Arabia for the third quarter (2017) and published it through its official website www.stats.gov.sa . This indicator is based on available registry data of the Ministry of Justice regarding real estate transactions. This indicator is an essential tool that supports entities which make economic and statistical decisions regarding the real estate price movements and future forecasts during different periods of time. The indicator includes three main sectors consisting of many real estate types: residential sector (piece of land, building, villa, apartment, and house), commercial sector (piece of land, building, shop, gallery and commercial centre), and agricultural sector which only includes agricultural land. The index of real estate prices for the third quarter 2017 recorded a relative stability compared to the previous quarter (second quarter 2017), reaching (84.9) in the third quarter 2017. The report attributed the stability of the real estate price index for the third quarter of 2017 to the varying percentage of change in the main sectors composing the indicator. The commercial sector witnessed a decline by (1.0%), the residential sector witnesses an increase by (0.2%), while the agricultural sector was stable without any relative change. The indicator recorded a decline of (6.3%) compared to the same quarter of the previous year (third quarter 2017). The report attributed this decline to the decline in the main sectors composing the indicator: the residential sector (7.9%), the commercial sector (10.9%) and the agricultural sector (1.0%).

Labor Market Bulletin Includes 67 Statistical indicators GaStat: The Saudi unemployment rate is 12.8% in the 2nd Quarter (2017)  The General authority for Statistics (GaStat) published the Labor Market Bulletin for the second quarter of 2017 on Sunday Muharram 11th,1439H (Corresponding to October 1st,2017) which provides comprehensive data and indicators on the labor market in the Kingdom from April 1st to June 30th, 2017 (Corresponding to Rajab 15th to Shawwal 6th, 1438H) to support decision and policy makers regarding labor force. It also contributes in building a database on the labor market in the Kingdom that can be used to prepare and plan future social and economic development programs. The quarterly bulletin includes 67 statistical indicators which contain data and indicators from the Labor Force Survey estimates and labor market data from the administrative records of the relevant entities (Ministry of Labor and Social Development, Ministry of Civil Service, General Organization for Social Insurance(GOSI), Human Resources Development Fund and National Information Center) applying international standards in this area. The results of the bulletin for the second quarter of 2017 indicated that the total number of employees from the data of administrative records in the Kingdom of Saudi Arabia reached (13,841,158) individuals compared to (13,889,137) for the first quarter of 2017.   According to the results of the bulletin also from the data of administrative records in the government agencies for the second quarter of 2017, the total number of Saudis seeking work reached (1,075,933) individuals, (216,352) of them are males and (859,581) are females. The results also showed that the highest percentage of Saudis seeking employment was among the age group (25-29), which is (34.2%). Also according to the results of the administrative records data, nearly half of the Saudi job seekers hold university degrees reaching (50.5%). The results of the bulletin showed that the unemployment rate in Saudi Arabia for the Saudi population (15 years and over) from the Labor Force Survey estimates for the second quarter 2017 reached (12.8%), (7.4%) are males and (33.1%) are females. And the unemployment rate in the Kingdom for the total population (15 years and over) is (6.0%), (3.3%) are males and (22.9%) are females. The results also showed that (11.6%) of the unemployed Saudis had previously worked, and (32.9%) of unemployed Saudis who had previously worked left their jobs due to dismissal from the employer. The survey results also showed that (9.6%) of unemployed Saudis have already been trained. Regarding the economic activity rate of total population (15 years and over) it reached (54.2%), divided between males (78.2%) and females (18.7%). In its bulletin, GaStat also explained that the economic activity rate for total Saudi population (15 years and over) reached (40.3%). The bulletin included a large number of detailed data on workers according to the regulations they are subject to, nationality, sex, age, administrative region and educational level, as well as data for job seekers, average monthly wages, working hours and domestic workers. For more details, you can view the bulletin through Gastat’s official website: www.stats.gov.sa

UN International Comparison Program board of directors holds second meeting Dr. Altekhaifi: KSA's distinctive work at statistics leads to council membership and participation in recurring meetings Saudi Arabia has participated at the second meeting of the board of directors of the International Comparison Program (ICP), which was held at Washington D.C. early this week.  His Excellency, president of the General Authority for Statistics, Dr. Fahad bin Sulaiman Altekhaifi, confirmed that the program’s work and results will help shape policies for global comparison to support statistical products of the participating countries. It will also enable the General Authority for Statistics to access the best global practices for statistics for the purpose of improving and developing the statistical work. Also, it will raise the quality of the data, which will reflect positively on the decisions for development that rely mainly on statistics. On the other hand, his excellency Dr. Altekhaifi pointed out that the board of directors, which has 11 countries including Saudi Arabia, which represents west Asia, has looked into the progress made when implementing the 2017 cycle in the participating areas. The council also specified a list of research topics including, implementing a rolling survey approach and building Purchasing Power Parity (PPP) time series, integrating ICP and Consumer Price Index (CPI) activities, Streamlining the process of establishing product lists and the use of importance indicators, improving the availability and quality of input data for rents, government services, and construction, streamline the use of productivity adjustments for government services, fine tuning global linking procedures, quality assurance of resulting PPPs and measures of reliability and other topics related to statistical work. Dr. Altekhaifi added that the ICP selecting of Saudi Arabia for the membership at the 2017-2019 cycle came as a result of the positive role of the General Authority for Statistics in different statistical programs organized by the UN. It also confirmed the kingdom’s effective role on the global map of statistics. Moreover, it reflects the results of the strategic transformation of the kingdom’s Statistic sector, which the leadership cares for and supports due to its role in aiding the national development decisions.  The ICP, which is under the supervision of the World Bank, is a partnership program for statistics on a global level. It is based on a statistical system that is connected with economic analysis. It uses statistical methods to derive the necessary data to calculate the PPP for about 200 countries and economies worldwide. It will facilitate the use of PPP as currency converters. That will allow for the comparison of the total economic indicators and the economic situations of countries worldwide. It is noteworthy to mention that the ICP board of directors is compiled of executives, chairpersons, and leading experts in 11 statistical devices participating in the program. They are distributed according to the regional areas: Africa, Asia, Pacific Islands, Latin America, the Caribbean, West Asia, Commonwealth of Independence States, European Union, non-European Union States, members of the organization for Economic Cooperation and Development, representatives of the International Monetary Fund, World Bank, UN Statistics Division, and the Inter-Agency Coordination Group.

New (Statistical, Creative, and Awareness) Departments to Cope with the Requirements of the New Saudi Vision and National Transformation GaStat Starts Working with the New Structure The General Authority for Statistics starts working with the new organizational structure. A general administration for natural resources and knowledge statistics has been created. It works beside the general administration of economic statistics, the general administration of social statistics, field statistics departments, methodologies departments, creativity departments, and awareness departments. GaStat president, Dr. Fahad bin Sulaiman Al-Tukhaifi said that working with this new organizational structure is a response to the 2030 Saudi vision and 2020 national transformation program. The next phase needs integrated efforts from the statistical sector, so the sector must work in a distinct way as it is the only official sector that is responsible for the production of data, information, and statistics, which reflect the developments in Saudi Arabia. Dr. Fahad clarified that the new structure, which has been authorized since the first day of this Muhharam, is a way that guarantees achieving the authority's strategic goals that are represented in enhancing the efficiency and quality of statistical services and products. Moreover, it makes these services more comprehensive and beneficial. It also helps to raise the satisfaction level of all clients and beneficiaries, gives the authority a positive reputation in the society, promotes the statistical sector level, and builds a strong authority. Al-Tukhaifi added that this new structure is based on the statistical development' national strategy aspects, covering five aspects that guarantee the efficiency of the statistical sector in Saudi Arabia. The first aspect is using the statistical data and information, which aims at improving the use of statistical data and information in Saudi Arabia. This would fulfill all the users' needs by providing easy and on time statistical data and information.  There is also the aspect of statistical data and information production, which aims at enhancing the field operations such as censuses, surveys, and researches. Furthermore, it enhances using the most recent standards and classifications in collecting, analyzing, and publishing data. The third aspect is the recent technologies. It aims at using the most recent technologies in all the phases of the statistical and administrative work. It provides a high quality IT infrastructure. The fourth aspect is the communication and awareness, which aims at enhancing the statistical knowledge in society through education and awareness. It introduces those who work in the statistical sector with the concept of communication. The fifth aspect is about governance. Through this aspect, the authority is trying to set the principals that govern the statistical sector. This enhance the idea of "results based management" . It continuously develops the human resources and tries to recruit people with high capabilities. As for the main components of the authority new structure, Dr.Fahad stated that the organizational structure has been made by a teamwork from the authority and some experts outside the authority. This structure was made to develop and improve the statistical work. It also positively collaborate in activating the strategic transformation through which the Saudi statistical work is going. It enhances the role of the entity that supervises and organizes the statistical work by transforming it into an independent authority that has a featured personality and administrative and financial independence. The teamwork worked on determining the tasks, duties, and regulations according to certified instructions that guarantee founding an effective and comprehensive statistical organization. This new organization focused more on the clients and raising the products quality, considering them the main dimensions of work.  The new statistical organization has been built in a way that prevent duality in work and responsibilities. It also intends to make the organizational structure compatible with the authority’s strategy by collecting the harmonized activities in one sectors and administrative units to implement unified tasks. In this structure, Many administrations and departments have been founded to achieve the strategic goals. Regarding the main components of the new organizational structure, the authority president revealed that the statistical and administrative work has been distributed among three main sectors headed by the vice presidents. These sectors include the statistical works sector, which contains general administrations of economic statistics, social statistics, and natural resources and knowledge statistics (new one). In addition to the independency of the statistical field works with a general administration of operations. There is also an administration specialized in methodologies. As for the second sector, the statistical creativity and customer service sector, it is a totally new sector. However, the third sector represents IT and supporting services, as they are the main infrastructure of the authority’s statistical and administrative work. Moreover, the new structure includes a general administration of media and statistical awareness, which manages all the internal and external activities aiming at raising statistical awareness. It also includes a general administration of projects and strategic planning which implements and prepares the authority’s strategies and plans. Furthermore, there is a general administration of support and institutional excellence that manage, prepare, and update all the policies, operations, and procedures. The later also supervises the programs of total quality department and knowledge department.