General Authority for Statistics launches fixed capital assets survey
Saudi Arabia’s General Authority for Statistics has launched an annual survey to measure the size and changes in fixed capital assets owned by business establishments.
Key Takeaways
AIThe General Authority for Statistics has launched the Fixed Capital Assets Survey, an annual economic survey aimed at measuring the size and changes in fixed assets owned by business establishments over a specific period, according to standard classifications of asset types.
According to an official statement from the Authority on its X platform account, the survey provides detailed data on depreciation, disposals, and additions to fixed assets. It also helps estimate the volume of fixed capital assets used in the economy, assess the structure of the business sector in terms of asset distribution and investment patterns, support the preparation of national accounts, and offer key indicators to monitor capital investments and analyze their impact on economic development.
The Authority added in the statement that the survey also determines the impact of capital investments on economic development and their contribution to the production process. It provides details on fixed capital formation by economic activity and asset type to enhance GDP estimates, as well as comprehensive and accurate indicators on financial and non-financial assets and their changes, supporting decision-makers, policymakers, and investors.
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