GASTAT launches survey to update base year of GDP

Riyadh - The General Authority for Statistics (GASTAT) has initiated a comprehensive economic survey with the objective of updating the base year of the gross domestic product (GDP) and the statistical business register. This survey will play a crucial role in providing accurate statistical data and indicators that contribute to identifying opportunities and challenges in Saudi Arabia's economy.

In a statement released on January 15, GASTAT emphasized that this comprehensive economic survey will serve as a valuable resource for decision-makers, policy analysts, investors, and researchers. It will enable local, regional, and international comparisons while facilitating studies and analyses related to economic activities.

The completion of this extensive data collection process will not only aid in setting development strategies but also assist in formulating plans, programs, and performance indicators across various economic sectors. By building an integrated system of procedures based on reliable statistics from the survey results, GASTAT aims to foster tangible growth and sustainability within the Kingdom's economy.

GASTAT is committed to ensuring accuracy by employing up-to-date methodologies aligned with scientific standards throughout all its statistical endeavors. The comprehensive economic survey will be conducted through telephone calls, self-completion forms, as well as field visits to gather essential data from organizations operating across different sectors. Its primary objective is to provide a clear picture of economic indicators that identify growth rates within establishments and sectors—an essential aspect contributing towards achieving the goals outlined in Saudi Vision 2030.

This ambitious undertaking encompasses all economic activities within the Kingdom without exception—regardless of size or geographical scope—and operates under an integrated framework involving relevant government agencies responsible for overseeing these activities. To ensure precise statistical measurements reflecting various aspects of preparing economic indicators are obtained accurately while determining growth rates within target sectors, the survey adheres to specific statistical standards.

GASTAT emphasizes that all data collected from establishments will be treated with complete confidentiality in accordance with the General Statistics Law issued by the Council of Ministers. Under no circumstances will such data be published. The authority is dedicated to safeguarding private information and limiting its use solely for statistical purposes, presenting overall results and general indicators in compliance with Kingdom regulations.

GASTAT urges all establishments to actively participate in this survey, recognizing the significance of providing accurate statistical data and indicators about economic activities within the Kingdom. It calls upon these establishments to cooperate fully with assigned statistical researchers who will communicate directly to complete the required survey forms. By doing so, they contribute significantly to supporting decision-making processes and shaping effective economic policies.