GROSS DOMESTIC PRODUCT PER CAPITA 2nd QUARTER 2016 Oct. 2016 Indicators GDP Per capita 2nd Quarter 2016 Glossary of Terms Gross Domestic Product (GDP) Gross Domestic Product (GDP) is the sum of values added by the domestic producers to the product price, plus customs tariffs. It is alternatively defined as the sum of all outputs, less the sum of intermediate consumption plus the indirect taxes on products (taxes, subsidies, etc) not included in the values of outputs. National income It is the GDP less the preliminary incomes paid to the unestimated units, plus the preliminary incomes received from the unestimated units. National Income Statistics Income National ACCOUNTS NATIONAL Population It is the total number of population by the end of every quarter. GROSS DOMESTIC PRODUCT PER CAPITA The individual's average share of the GDP after dividing the GDP at current prices by the number of people in the country Per capita income It is the mean income of the people which is calculated by dividing the GDP by the total population 2 GDP Per capita 2nd Quarter 2016 Description International organizations use a variety of benchmarks for measuring the economic development and the per capita GDP is one of these measurements. It measures the person's ability to get commodities and services. It shows the average income earned per person in Saudi Arabia every three months. Indicator Significance The per capita GDP is important because it is a direct measure of living standards and social welfare of the citizens. It is used in making a comparison between two countries. The higher GDP per capita is indicator for a developing economy in general. National Income Statistics Income National ACCOUNTS NATIONAL Methodology It is calculated by taking a measure of the GDP at current prices and dividing it by the total population, as follows: GDP at current prices Gross Domestic Product Per Capita = Population It is calculated by taking a measure of the National Income at current prices and dividing it by the total population, as follows: National Income at Current Prices Per capita income = Population 3 GDP Per capita 2nd Quarter 2016 Tables & Charts 2016* 2015 * الربع الربع اﻷول الربع الثاني الربع الثالث الربع الرابع * 2016الربع الثاني اﻷول Q2 Q4 Q3 Q2 Q1 Q1 Gross Domestic الناتج المحلي اﻹجمالي Product 597,291 565,881 547,795 604,220 631,392 639,100 )مﻻيين الرياﻻت السعودية( (Million Of Saudi Riyals) الدخل القومي Gross National Income 613,668 576,123 557,103 624,023 648,914 651,205 )مﻻيين الرياﻻت السعودية( (Million Of Saudi Riyals) عدد السكان Population 31,714 31,532 31,355 31,184 31,014 30,849 )ألف نسمه( (Thousands) نصيب الفرد من Gross Domestic الناتج المحلي اﻻجمالي Product Per Capita 18,834 17,946 17,470 19,376 20,358 20,717 )ريال سعودي( (Saudi Riyals) نصيب الفرد من Gross Domestic الناتج المحلي اﻻجمالي Product Per Capita 5,022 4,786 4,659 5,167 5,429 5,525 )دوﻻر أمريكي( (US Dollar) National Income Statistics Income National ACCOUNTS NATIONAL نصيب الفرد من Gross National Income الدخل القومي Per Capita 19,350 18,271 17,767 20,011 20,923 21,109 )ريال سعودي( (Saudi Riyals) نصيب الفرد من Gross National Income الدخل القومي Per Capita 5,160 4,872 4,738 5,336 5,579 5,629 )دوﻻر أمريكي( (US Dollar) * بيانات أولية * Preliminary Data 25,000 20,000 15,000 SAR 10,000 5,000 0 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 Gross Domestic Product Per Capita National Income Per Capita 4 GDP Per capita 2nd Quarter 2016 Summary The total value of the GDP per capita at current prices dropped 7.5 percent in the second quarter of 2016 down to SAR 18,834 from SAR 20,358 in 2015. The total value of the National Income Per Capita at current prices dropped 7.5 percent too in the second quarter of 2016 down to SAR 19,350 from SAR 20,923 in 2015. National Income Statistics Income National ACCOUNTS NATIONAL 5 stats.gov.sa .