Latest news with #statistics
Trade Arabia
18 hours ago
- Business
- Trade Arabia
GCC financial markets' total capitalisation hits $4.2 trillion
The overall composite index of financial markets in the Gulf Cooperation Council (GCC) countries recorded a slight growth of 0.7% in 2024. The index reflects the performance of GCC financial markets as a unified bloc. By the end of 2024, the total market capitalisation of GCC financial markets stood at approximately $4.2 trillion, according to the latest statistics issued by the GCC Statistical Centre (GCC-Stat). However, the total market capitalisation witnessed a decline of 4.4% compared to the end of 2023. In 2024, the market capitalisation of GCC financial markets accounted for around 3.5% of the total global market capitalisation, it added.
Argaam
3 days ago
- Business
- Argaam
Digital economy accounts for 15.6% of Saudi GDP in 2023: GASTAT
The digital economy accounted for 15.6% of Saudi Arabia's GDP in 2023, marking a 1.6% increase compared to 2022, according to the Digital Economy Statistics Bulletin 2023 issued recently by the General Authority for Statistics (GASTAT). As for the structure of the digital economy, the core level, consisting of activities that produce information and communication technology (ICT) goods and services, contributed 2.6% to GDP. The narrow level, which covers establishments relying on digital inputs, contributed 2.3%. The broad level, which includes establishments that significantly enhance their products and services through digital inputs, accounted for 10.7% of GDP. This survey adheres to international standards set by the UN Conference on Trade and Development (UNCTAD) in its Handbook on Measuring Digital Trade, ensuring the international comparability of Saudi Arabia's digital economy indicators. Imports of ICT goods recorded a notable growth, reaching SAR 54.9 billion in 2023, reflecting a 20% growth rate. Meanwhile, exports and re-exports of these goods grew by 76%, reaching SAR 11.8 billion. According to the bulletin, 71.6% of establishments connected to the internet used smart devices or systems, with the most notable being alarm systems, smart meters, smart lighting, and smart surveillance cameras. Regarding the sector's financial performance, operating revenues for the ICT sector in 2023 totaled approximately SAR 236.4 billion, while operating expenses reached SAR 115.4 billion. Employee compensation in the sector amounted to SAR 27.5 billion. Operating Revenues of ICT Sector in 2023 Details Value (SAR bln) Operating Revenues 236.4 Operating Expenses 115.5 Employee Compensation 27.5 The number of active commercial registrations for e-commerce reached about 37,500 in 2023, an increase of 24% compared to 2022. Commercial registrations for software publishing rose from 3,113 in 2022 to 4,009 in 2023. Commercial registrations for cloud computing services providers also saw a 41% increase, reaching 1,759.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Falling Spanish Inflation Readies ECB for Rate Cut
Price rises in Spain and France cooled this month, putting the European Central Bank on course to reach its inflation target and cementing expectations that it will deliver an eighth rate cut at its meeting next week. Consumer prices in Spain were 1.9% higher in May than a year earlier, down from the 2.2% rate of inflation recorded in April, according to figures published by its statistics agency INE on Friday. French inflation, data for which was reported Tuesday, dropped to 0.6% from 0.9%.
Yahoo
3 days ago
- Business
- Yahoo
German retail sales fall unexpectedly in April
(Corrects paragraph 2 to indicate that retail sales were expected to rise, not fall) (Reuters) - German retail sales fell by 1.1% in April compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.2% increase. The federal statistics office publishes more details on its website. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
5 days ago
- Business
- Daily Mail
Revealed: The happiest area of the UK - where people are least likely to get depressed, according to new data
New data released by the Office of National Statistics has revealed Britain's happiest—and unhappiest—regions. Every year, since 2011, the statistics watchdog asks tens of thousands of people in the UK to rank their happiness, life satisfaction, anxiety levels and sense of worth out of 10. According to data released today, those living in the South West of England are most likely to be generally happy. Residents living in the mainly rural area, consisting of Cornwall, Dorset, Devon, Bristol, Gloucestershire, Somerset and Wiltshire, scored an average of 7.6 on the happiness index. And more than a third of residents reported very high levels of happiness, scoring between nine and 10. Overall, the UK scored an average of 7.43 out of 10 for happiness, with Northern Ireland being home to the happiest people, who rated their happiness at 7.7. Conversely, the North East, North West and West Midlands jointly claimed the bottom slot, with residents ranking their happiness score as 7.3 on average. Average happiness scores are on the rise in the UK, after scores dropped to 7.39 in 2022/23—the lowest figure logged since the pandemic. Interestingly, levels of happiness tend to increase as people get older, with 70 to 74-year olds obtaining the happiest scores. In reponse to questions about life satisfaction, the South West of England logged one of the highest rates, along with Yorkshire and the Humber and the East of England, with residents ranking contentment with life as 7.6 out of 10. At the other end of the scale came London and the West Midlands, where residents reported the lowest levels of life satisfaction. The West Midlands is home to the highest number of residents who reported very low levels of life satisfaction, with nearly one in 10 residents ranking between zero and four. The average UK anxiety levels meanwhile have remained the same between 2023 and 2024, hovering at around 3.2. Apart from the year Covid hit, this remains the highest figure on record. Residents in the East Midlands and London saw the highest levels of anxiety last year, from October to December, with over a quarter of East Midlands residents ranking their panic between six and 10. Millennials aged between 30 and 34 expressed the highest levels of anxiety. Whilst statisticians did not indicate what specifically could be behind this, the data covers a period in which Britain was facing a cost-of-living crisis, with millennials hit the hardest on an inflation-adjusted basis. The ONS also highlights limitations of the survey, which only features residents living at private addresses. It does not currently include most communal establishments—such as student halls of residence, hospitals, care homes and prisons.
