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.
The General Authority for Statistics in Saudi Arabia has introduced an annual survey to assess the size and changes in fixed capital assets owned by businesses. The Fixed Capital Assets Survey aims to measure these assets over a specific time period using standard asset classification. An official statement on the Authority's X platform explained that the survey offers detailed information on depreciation, disposals, and additions to fixed assets.
This survey has multiple purposes. It helps estimate the volume of fixed capital assets used in the economy, analyze the distribution of business sector assets, and aid in the preparation of national accounts. The survey also provides key indicators to monitor capital investments and evaluate their impact on economic development.
Furthermore, it quantifies the effect of capital investments on the production process and provides insights on fixed capital formation by economic activity and asset type to improve GDP estimates. The Authority asserts that the survey delivers comprehensive, accurate indicators on both financial and non-financial assets and their changes, benefiting decision-makers, policymakers, and investors.
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