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Saudi Arabia’s Industrial Production Index (IPI) rose 7.3% year-on-year (YoY) in December 2022.
Data issued by the General Authority for Statistics (GASTAT) shows that Saudi IPI rose to 134.4 points in December 2022, according to the base year 2010, compared to 125.2 points in the year-ago period.
The index continued to achieve growth due to higher production in mining, quarrying and manufacturing activity, the authority said.
The IPI measures the relative change and reflects the production quantities of materials and goods, which have been converted from raw materials to consumables in their final form as goods, for the purpose of achieving a monetary return.
The following table shows the development of the index:
|
Industrial Production Index (IPI)* |
||
|
Period |
Index (Points) |
YoY Change |
|
Jan. 2021 |
113.33 |
(6.9%) |
|
February |
103.85 |
(14.8%) |
|
March |
103.80 |
(14.5%) |
|
April |
102.72 |
(24.0%) |
|
May |
106.29 |
+0.5% |
|
June |
110.16 |
+11.9% |
|
July |
114.89 |
+5.9% |
|
August |
119.05 |
+5.8% |
|
September |
119.76 |
+6.5% |
|
October |
121.78 |
+7.7% |
|
November |
124.20 |
+10.3% |
|
December |
125.20 |
+11.2% |
|
Jan. 2022 |
125.94 |
+11.1% |
|
February |
127.01 |
+22.3% |
|
March |
129.51 |
+24.8% |
|
April |
130.17 |
+26.7% |
|
May |
131.78 |
+24.0% |
|
June |
133.08 |
+20.8% |
|
July |
135.23 |
+17.7% |
|
August |
139.09 |
+16.8% |
|
September |
138.50 |
+15.7% |
|
October |
138.97 |
+14.1% |
|
November |
134.83 |
+8.6% |
|
December |
134.40 |
+7.3% |
*Updated data according to GASTAT.
The mining and quarrying activity rose by 4.1% YoY as the Kingdom’s oil production reached more than 10 million barrels per day in December 2022.
The manufacturing activity recorded a 18.5% YoY increase, while the electricity and gas supply activity fell by 6.5% YoY.
|
IPI by Activity |
|||
|
Main Sectors |
December 2021 |
December 2022 |
Change |
|
Mining & Quarrying |
123.20 |
128.30 |
+4.1% |
|
Manufacturing |
133.50 |
158.20 |
+18.5% |
|
Electricity Supply |
111.80 |
104.50 |
(6.5%) |
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