23-06-2025
GASTAT Reports 5.3% Growth in Non-Oil Activities for 2024
The General Authority for Statistics (GASTAT) has published the 2024 annual Industrial Production Index (IPI), showing a 2.3% decline in overall industrial production compared to 2023. This drop is largely attributed to a 5.2% decrease in oil-related activities. In contrast, non-oil sectors saw a notable 5.3% growth, indicating stronger performance across all non-oil industries.
The report highlights a 6.8% year-over-year decline in mining and quarrying activities. Meanwhile, manufacturing grew by 4.7%, and the electricity, gas, steam, and air conditioning supply sector saw a 3.5% rise. The water supply, sewerage, waste management, and remediation sector also recorded a 1.6% increase.
The IPI serves as a key economic indicator, tracking changes in the volume of industrial output through data gathered from the industrial production survey.
Related Topics:
GASTAT Reports 13.4% Growth in Non-Oil Exports in Q1 2025, 10.7% Increase in March
ROSHN Green Initiative Center: Inspiring Future Environmental Leaders
Saudi Arabia Welcomes Foreign Real Estate Investors Outside Holy Cities
Discover Top Hotels Near Masjid Al-Haram for Hajj 2025
Short link :
Post Views: 58 Related Stories
