A production line
Saudi Arabia’s Industrial Production Index (IPI) added 3.4 % year-on-year (YoY) in November 2024, data issued by the General Authority for Statistics (GASTAT) showed. 
The IPI rose to 103.78 points in November, according to the base year 2021, compared to 100.37 points in November 2023.
GASTAT said that the IPI rise was bolstered by the increase in mining and quarrying, manufacturing and water supply, sanitation, waste management treatment 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
(1.8%)
June
103.95
(5.6%)
July
104.74
+0.2%
August
106.50
+2.5%
September
106.27
+0.3%
October
106.22
+4.4%
November
103.78
+3.4%
Mining and quarrying activity rose 1.2% YoY in November, backed by the increase in oil production levels in the Kingdom. Oil output reached 8.93 million barrels per day in November, up from 8.82 million barrels in the year-earlier period.
Moreover, the manufacturing activities grew 7.2% YoY as manufacture ofcoke and refined petroleum products surged by 17.6%, 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
96.72
97.90
+1.2%
Manufacturing
105.88
113.51
+7.2%
Electricity, Gas, Steam Air-Conditioning Supply
110.61
108.25
(2.1%)
Water Supply, Sanitation, Waste Management Treatment
104.12
115.09
+10.5%
IPI
100.37
103.78
+3.4%
A production line
Saudi Arabia’s Industrial Production Index (IPI) added 3.4 % year-on-year (YoY) in November 2024, data issued by the General Authority for Statistics (GASTAT) showed.
The IPI rose to 103.78 points in November, according to the base year 2021, compared to 100.37 points in November 2023.
GASTAT said that the IPI rise was bolstered by the increase in mining and quarrying, manufacturing and water supply, sanitation, waste management treatment 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
(1.8%)
June
103.95
(5.6%)
July
104.74
+0.2%
August
106.50
+2.5%
September
106.27
+0.3%
October
106.22
+4.4%
November
103.78
+3.4%
Mining and quarrying activity rose 1.2% YoY in November, backed by the increase in oil production levels in the Kingdom. Oil output reached 8.93 million barrels per day in November, up from 8.82 million barrels in the year-earlier period.
Moreover, the manufacturing activities grew 7.2% YoY as manufacture ofcoke and refined petroleum products surged by 17.6%, 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
96.72
97.90
+1.2%
Manufacturing
105.88
113.51
+7.2%
Electricity, Gas, Steam Air-Conditioning Supply
110.61
108.25
(2.1%)
Water Supply, Sanitation, Waste Management Treatment
104.12
115.09
+10.5%
IPI
100.37
103.78
+3.4%
