A production line
Saudi Arabia’s Industrial Production Index (IPI) added 5 % year-on-year (YoY) in October 2024, data issued by the General Authority for Statistics (GASTAT) showed. 
The IPI rose to 106.87 points in October, according to the base year 2021, compared to 101.78 points in October 2023.
GASTAT said that the IPI rise was bolstered by the increase in all economic activities.
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 return.
The following table shows the development of the index:
Industrial Production Index (IPI)*
Period
IPI (Points)
Change (YoY)
January 2024
102.58
(9.4%)
February
105.06
(6.3%)
March
104.45
(8.8%)
April
105.37
(6.3%)
May
107.48
(1.7%)
June
104.26
(5.1%)
July
105.31
+0.8%
August
105.01
+1.0%
September
105.59
(0.3%)
October
106.87
+5.0%
Mining and quarrying activity rose 0.4% YoY in October, backed by the increase in oil production levels in the Kingdom. Oil output reached 8.97 million barrels per day in October, up from 8.94 million barrels in the year-earlier period.
Moreover, the manufacturing activities rose 12.4% YoY as manufacture ofcoke and refined petroleum products rose 32.6%, backed by the manufacture of chemicals and chemical products as well as the food products.
IPI by Activity
Main Sectors
October 2023
October 2024
Change
Mining Quarrying
98.06
98.41
+0.4%
Manufacturing
105.86
118.94
+12.4%
Electricity, Gas, Steam Air-Conditioning Supply
129.86
137.91
+6.2%
Water Supply, Sanitation, Waste Management Treatment
111.37
120.71
+8.4%
IPI
101.78
106.87
+5.0%
A production line
Saudi Arabia’s Industrial Production Index (IPI) added 5 % year-on-year (YoY) in October 2024, data issued by the General Authority for Statistics (GASTAT) showed.
The IPI rose to 106.87 points in October, according to the base year 2021, compared to 101.78 points in October 2023.
GASTAT said that the IPI rise was bolstered by the increase in all economic activities.
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 return.
The following table shows the development of the index:
Industrial Production Index (IPI)*
Period
IPI (Points)
Change (YoY)
January 2024
102.58
(9.4%)
February
105.06
(6.3%)
March
104.45
(8.8%)
April
105.37
(6.3%)
May
107.48
(1.7%)
June
104.26
(5.1%)
July
105.31
+0.8%
August
105.01
+1.0%
September
105.59
(0.3%)
October
106.87
+5.0%
Mining and quarrying activity rose 0.4% YoY in October, backed by the increase in oil production levels in the Kingdom. Oil output reached 8.97 million barrels per day in October, up from 8.94 million barrels in the year-earlier period.
Moreover, the manufacturing activities rose 12.4% YoY as manufacture ofcoke and refined petroleum products rose 32.6%, backed by the manufacture of chemicals and chemical products as well as the food products.
IPI by Activity
Main Sectors
October 2023
October 2024
Change
Mining Quarrying
98.06
98.41
+0.4%
Manufacturing
105.86
118.94
+12.4%
Electricity, Gas, Steam Air-Conditioning Supply
129.86
137.91
+6.2%
Water Supply, Sanitation, Waste Management Treatment
111.37
120.71
+8.4%
IPI
101.78
106.87
+5.0%
