Consumer spending in Saudi Arabia increased 4% to SAR 111.5 billion in April 2023, from SAR 107.3 billion a year earlier, according to the Saudi Central Bank's (SAMA) monthly bulletin.
Consumer spending includes total cash withdrawals, point-of-sale (POS) transactions and e-commerce sales through Mada scheme, as the following table shows:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
97.60 |
105.19 |
+8% |
|
February |
88.57 |
97.85 |
+10% |
|
March |
113.81 |
120.62 |
+6% |
|
April |
107.29 |
111.51 |
+4% |
|
May |
93.22 |
-- |
-- |
|
June |
103.58 |
-- |
-- |
|
July |
102.97 |
-- |
-- |
|
August |
107.12 |
-- |
-- |
|
September |
103.99 |
-- |
-- |
|
October |
105.34 |
-- |
-- |
|
November |
103.29 |
-- |
-- |
|
December |
109.77 |
-- |
-- |
POS sales rose 4% year-on-year (YoY) to SAR 51.6 billion in April.
Data showed that 665.4 million transactions were processed through 1.59 million POS terminals during the same month.
POS transactions represent what is spent by consumers using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.
The following table shows the development of POS transactions:
|
POS Transactions (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
43.56 |
48.33 |
+11% |
|
February |
38.88 |
44.80 |
+15% |
|
March |
51.00 |
55.41 |
+9% |
|
April |
49.44 |
51.57 |
+4% |
|
May |
42.38 |
-- |
-- |
|
June |
45.97 |
-- |
-- |
|
July |
45.75 |
-- |
-- |
|
August |
49.67 |
-- |
-- |
|
September |
47.45 |
-- |
-- |
|
October |
47.66 |
-- |
-- |
|
November |
46.87 |
-- |
-- |
|
December |
50.51 |
-- |
-- |
Cash withdrawals from ATMs declined 1% YoY to SAR 47.3 billion in April.
These withdrawals were processed from 16,100 ATMs through 126.4 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2022 |
2023 |
Change |
|
January |
45.82 |
45.15 |
(1%) |
|
February |
41.67 |
41.74 |
+0.2% |
|
March |
52.83 |
51.70 |
(2%) |
|
April |
47.58 |
47.32 |
(1%) |
|
May |
41.73 |
-- |
-- |
|
June |
47.21 |
-- |
-- |
|
July |
46.99 |
-- |
-- |
|
August |
46.17 |
-- |
-- |
|
September |
45.38 |
-- |
-- |
|
October |
46.78 |
-- |
-- |
|
November |
45.19 |
-- |
-- |
|
December |
47.40 |
-- |
-- |
E-commerce sales through Mada cards jumped 23% YoY to SAR 12.6 billion during the same month.
According to SAMA's monthly bulletin, these sales were processed through 73.1 million transactions.
E-commerce sales include Mada cards payment and purchase transactions through shopping websites and online applications, but do not include transactions made through Visa, MasterCard and other credit cards.
|
Sales Through Mada Cards (SAR bln) |
|||
|
Period |
2022 |
2023 |
Change |
|
January |
8.23 |
11.71 |
+42% |
|
February |
8.02 |
11.32 |
+41% |
|
March |
9.98 |
13.50 |
+35% |
|
April |
10.26 |
12.63 |
+23% |
|
May |
9.12 |
-- |
-- |
|
June |
10.40 |
-- |
-- |
|
July |
10.23 |
-- |
-- |
|
August |
11.28 |
-- |
-- |
|
September |
11.16 |
-- |
-- |
|
October |
10.90 |
-- |
-- |
|
November |
11.22 |
-- |
-- |
|
December |
11.86 |
-- |
-- |
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