- What happened to the GDP in general and the GDP by economic activity on table 1 or table 4 (table 4 is easier) during the pandemic? Which sector has been affected more during the pandemic and why would you think this sector has been affected more?
- One of the most important targets for the Vision 2030 is to switch the production in Saudi Arabia from mostly depending on Oil to diversify its production, would you think we are going into the target of diversifying production through looking at the tables 15 & 16 (table 16 is easier to see because it shows the growth) from 2018 to 2021. You can also look at tables 8 and 10 for annual data.
Remember that what you have learned about the national income (GDP) Y = C + I + G + NX is exactly the same components on table 17 or 18 and some other tables.
Pandemic COVID-19 Table No 1 Q = Quarter Gross Domestic Product by Kind of Economic Activity at Current Prices (Million Of Saudi Riyals) 2019 * 2020 2019 *2020 * 2021 2018 2018 Q3 04 04 01 02 03 Q4 Q1 Q2 15,574 87,279 18.524 1- Agriculture , Forestry & Fishing 17,237 16,876 16,476 15,020 65,609 17.320 17.180 16,714 15,197 86.411 17.443 17.118 17.144 85,147 145.622 142.145 531,210 147.083 2- Mining & Quarrying 191,470 223.870 234,632 232,641 192,379 210,695 208, 191 215,441 826,706 204,693 212,562 813.502 154,511 82,041 142.081 139,109 517.742 143,063 8) Crude Petroleum & Natural Gas 188,001 220,752 231,377 229,946 188,759 207.489 2.879 13,203 3.786 3,106 3.541 3,036 13,468 4,020 b) Other 3,468 3,118 3,255 2.695 12,537 3.620 3,206 3,498 95,878 93,325 93,254 95,350 96,523 90,804 91,297 94,270 372,893 92,510 72,306 81,768 93,819 340,403 104,862 3- Manufacturing 27.252 25,779 24.238 26,787 104.054 23.772 13,975 18,260 25,270 81.277 28,395 9) Petroleum Refining 26,023 27,437 26,086 27.750 65,024 67.060 87,483 288,839 68,738 58,331 83,508 68.549 259,128 76.486 89,855 65,888 87, 168 87.600 89,271 b) Other 5,915 13,739 20,083 9.529 49,268 6.133 12,846 18.755 9.440 47.174 5,939 12.003 18.449 9,250 45,641 6,776 4- Electricity , Gas and Water 37.944 39,933 40.073 42.293 41,356 183.655 42.100 37.555 44.645 44,451 188,750 45.370 5- Construction 38.482 36,478 38,591 76,795 79,498 298,009 75,884 58,167 72,390 78.138 284.579 82,268 Wholesale & Retail Trade, Restaurants & h 70.552 68.120 70,593 72.894 71.048 70.689 46,837 37.144 41,454 46.868 172.304 46,202 7- Transport , Storage & Communication 42,662 41,303 42,105 45,591 44,985 44.310 44,523 48,273 182,071 92,658 93,559 90,486 98,587 375,269 94,497 92,999 90,794 89,435 377,725 97.241 Finance , Insurance , Real Estate & Busines9,475 89,276 86,023 93,420 54,885 51.820 50,533 52,800 210,038 54,158 51,000 51,306 53,188 209,850 55,996 a) Real Estate 54,009 51,268 49.748 51,849 36,275 41.572 37,772 41,739 39,953 45,787 185,232 40,341 41,999 39,489 46,247 168,076 41,245 b) Others 35,486 38,010 16.676 17,299 16,446 17,205 87,626 17.586 15,348 15,738 17.057 85,729 17.548 9- Community , Social & Personal Services 15,858 15,949 15,098 15,770 62.674 6,336 7.013 28,287 6.506 10- Imputed Bank Services Charge 5,442 5,832 5,568 6,379 23,219 5,583 6,138 5,983 6,683 24,386 6,170 8,763 662,086 591,103 611,289 811.780 572,053 591,300 599.538 612,561 #HU##### 521.868 539.725 559,386 Sub - Total 150,987 576.953 140,598 151,081 576.089 142,025 Government Services 132.745 143,503 128,553 149,043 142,087 143.369 140.511 662.267 690,805 701,391 Total Except Import Duties 694.831 734.606 739.842 760,822 714.139 734.689 740.047 763,548 5.363 5,323 6,133 21,223 4,680 4,745 5,831 6,758 22.014 5,019 Import Duties 4,380 4,244 5,219 5.532 19,355 4.404 738,851 745,082 786,354 718.543 740.032 745,389 789,681 # 564.211 868.098 697.583 # 706.410 Gross Domestic Product 899, 191 Preliminary DataTable No 15 Gross Domestic Product Seasonally Adjusted By Kind Of Institutional sectors at Constant Prices ( 2010=100 ) Q = Quarter (Million Of Saudi Riyals) 2019 * 2020 * 2021 2018 02 03 04 02 03 04 02 04 at 277,970 282.895 288.002 288.778 279,556 274,410 271,224 270,980 263.433 256.041 248.673 265,091 232,773 1- Oil Sector Non-Oil Sector 386,604 368,755 370,247 372,819 376,220 381.671 383,620 385,794 382.755 354.486 374.757 379.737 398,505 2. 256,737 257,973 259,224 280,702 283,777 268,214 269,847 271,906 268,278 243.897 261,508 268,722 283,558 3) Private Sector b)Government Sector 109,867 110,782 111,023 112.117 112,443 113,457 113,773 113,888 114.477 110.589 113,249 113.015 114.947 3. Gross Domestic Product Excluding Impo 644,574 651,851 658,249 861,598 855.775 656,081 654,844 856,774 646,189 610,527 623,430 634,828 831,278 3,920 3,585 3.685 3,850 3,925 4,175 4,080 4,157 4.163 3,909 4, 194 4.186 4,325 Import Duties Gross Domestic Product 848,494 855,218 681,934 865,448 859,700 680,257 858,925 880,930 850,252 614,426 827.624 638.994 835,604 * Preliminary Data Table No 16 Quarterly Growth Rates of Seasonally Adjusted Gross Domestic Product By Kind Of Institutional sectors at Constant Prices ( 2010=100 ) Q = Quarter 2018 2019 2020 2021 Q1 Q2 03 04 02 03 01 02 Q3 Q4 Q1 Q2 03 Q4 2.6 1.8 1.8 0.3 -3.2 -1.8 -1.2 -0.1 -2.8 -2.8 -2.9 2.6 8.7 1- Oil Sector 4.9 2 . Non-Oil Sector 0.6 0.6 0.4 0.7 0.9 1.4 0.5 0.6 -0.8 -7.4 5.7 1.3 8.3 3) Private Sector 0.5 0.5 0.5 0.6 1.2 1.7 0.6 0.8 -1.3 -9.1 7.2 2.0 0.8 0.8 0.2 1.0 0.3 0.9 0.3 0.1 0.5 -3.4 2.4 -0.2 1.7 b)Government Sector 3. Gross Domestic Product Excluding Impo 1.4 1.1 1.0 0.5 -0.9 0.0 -0.2 0.3 -1.8 -5.5 2.1 1.8 0.6 73 -9.1 3.4 45 1.9 8.4 -2.3 1.9 0.2 -6.1 -0.7 3.8 Import Duties 2.8 Gross Domestic Product 14 1.0 1.0 0.6 -0.9 0.1 -0 2 0.3 -1.6 5.6 2.1 1.8 -0.5 Table No 17 Expenditure on Gross Domestic Product Seasonally Adjusted Q = Quarter at Constant Prices ( 2010=100 ) (Million Of Saudi Riyals) # 2020 * 2021 2018 2019 Q1 02 04 Q1 Q1 02 138,079 140,586 138,554 141,431 135,130 134.216 134,309 133,501 137,855 138,299 140,199 143.387 139.731 1- Govt. Final Consumption Expenditure 224,699 226.939 224,535 225,612 234,622 236,331 238,428 234,639 237,488 198,239 222,526 225,761 240,691 2- Private Final Consumption Expenditure 14,705 3- Change in Stock 15,381 -8,075 1,786 16,412 9.673 19,383 20,504 69,758 2.498 2,259 9,878 28,139 4- Gross Fixed Capital Formation 142.680 152.727 142,955 147.384 147,320 165,695 158.002 138,287 139,924 131.420 144,933 137,686 145.044 5- Exports of Goods & Services 298,053 312.625 314,846 316,300 308,331 294,912 295,040 281,488 281.810 277.076 242.428 251,255 258,117 168,359 171.587 160.741 181,692 175,376 190,280 185,359 196,741 149,224 130,857 132,340 147,235 160,684 B- Imports of Goods & Services 835,604 Expenditure on Gross Domestic Produc 848,494 865,218 861.934 865,448 859,700 880,257 858,925 680,930 850,352 614,438 827,824 638,994 Preliminary DataTable No 18 Quarterly Growth Rates of Expenditure on Gross at Constant Prices { 2010=100 ) Q = Quarter 2018 2019 2020 2021 Q3 104 Q1 02 Q3 Q3 04 1- Govt. Final Consumption Expenditure Q1 Q4 -0.6 3.3 -1.4 2.1 -4.5 -0.7 0.1 -0.6 3.3 0.3 1.4 2- Private Final Consumption Expenditure 2.3 -2.6 0.3 1.0 -1.1 0.5 4.0 0.7 0.0 -0.8 1.2 -17.4 3- Gross Fixed Capital Formation 13.4 1.5 6.6 -14.8 7.1 -6.4 3.1 0.0 12.5 -4.8 -12.5 1.2 -6.1 4- Exports of Goods & Services 10.3 -5.0 5.3 2.0 49 0.7 0.5 -2.5 -4.4 0.0 -4.6 0.1 -1.7 -12.5 5- Imports of Goods & Services 3.6 1.9 -4.0 1.9 13.0 -3.5 8. 5 -2.8 8.1 -24.2 -12.3 1.1 11.3 9.1 Expenditure on Gross Domestic Produc 1.4 1.0 1.0 0.5 0.9 0.1 -0.2 0.3 -1.8 -5.5 2.1 1.8 -0.5