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Saudi business sector operating revenues grow 2.3%, GASTAT reports

The General Authority for Statistics has published the results of its Structural Business Statistics for the Kingdom's business sector. Operating revenues of the sector grew by 2.3% over the previous year. Compensation of employees rose by 6.0%, with salaries and wages making up 84.8% of that total and benefits and allowances the remaining 15.2%. Gross fixed capital formation, which measures spending on lasting assets, rose by 0.4%. The gross operating surplus of the sector fell slightly, by 0.1%. The release groups economic activities using ISIC4, the fourth revision of the International Standard Industrial Classification, so the figures can be compared with other countries.

Growth in operating revenues: 2.3% Growth in compensation of employees: 6.0% Share of salaries and wages in compensation: 84.8%
Why it matters for exams: Carries the name of the Structural Business Statistics release, the publishing body GASTAT, the 2.3% growth in operating revenues and the ISIC classification used for such data.
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In plain words

ISIC International Standard Industrial Classification — The United Nations system for sorting economic activities into comparable classes.

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