Saudi industrial production index up 11.2% in December

A production line in a factory

Saudi Arabia’s Industrial Production Index (IPI) rose by 11.2% year-on-year (YoY) to 125.2 points in December 2021, with 2010 used as the base year, data from the General Authority for Statistics (GASTAT) showed.

The IPI measures relative change and reflects the progress of production volumes of materials and goods, which is converted from raw materials into finally produced consumables in the form of commodities, for the purpose of achieving a return.

The mining and quarrying activity index rose 11.6% by the end of December, driving IPI higher.

The manufacturing industry index and electricity supply index appreciated by 9.7% and 12%, respectively, in December 2021.

The GASTAT defines manufacturing industries as industries whose activity involves the conversion of raw materials into finished products or intermediate products. Electricity, gas and water supply industries are known for electricity and gas delivery, as well as water supply, sewage, waste management and treatment activities. Extractive industries are involved in the process of extracting raw materials from the ground, and these industries rely on natural materials that cannot be replenished or compensated, such as oil and minerals.

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