Consumer spending rises to SAR 113.2B in April

An ATM machine

Consumer spending in Saudi Arabia grew by 1% to SAR 113.2 billion in April, up from nearly SAR 111.5 billion in the same month last year.

For more details on consumer spending from Argaam Tools

Consumer spending in Saudi Arabia represents total cash withdrawals, point-of-sale (POS) transactions, and e-commerce via Mada cards.

Consumer Spending (SAR bln)
Period	2023	2024	Change
January	105.19	114.24	+9%
February	97.85	113.37	+16%
March	120.62	126.18	+5%
April	111.51	113.17	+1%
May	107.43	--	--
June	115.41	--	--
July	104.63	--	--
August	115.42	--	--
September	106.61	--	--
October	110.01	--	--
November	111.47	--	--
December	113.53	--	--

POS transactions saw a 3% year-on-year (YoY) rise to around SAR 53 billion in April, as 798.8 million transactions were processed through 1.8 million POS terminals.

POS transactions represent the expenditures made by consumers using their ATM cards and credit cards at shopping malls, retail stores, pharmacies, and other retail outlets.

The table below indicates the development of POS transactions:

POS Transactions (SAR bln)
Period	2023	2024	Change
January	48.33	53.80	+11%
February	44.80	53.72	+20%
March	55.41	59.68	+8%
April	51.57	52.95	+3%
May	49.80	--	--
June	51.85	--	--
July	49.35	--	--
August	54.64	--	--
September	50.50	--	--
October	51.10	--	--
November	52.37	--	--
December	54.23	--	--

Cash withdrawals from ATMs declined by almost 4% YoY to about SAR 45.4 billion in April. These withdrawals were processed through 15,800 ATMs in 122.3 million transactions.

ATM Withdrawals (SAR bln)
Period	2023	2024	Change
January	45.15	46.01	+2%
February	41.74	45.54	+9%
March	51.70	50.61	(2%)
April	47.32	45.36	(4%)
May	44.93	--	--
June	50.17	--	--
July	42.38	--	--
August	46.40	--	--
September	42.26	--	--
October	45.49	--	--
November	45.62	--	--
December	45.67	--	--

E-commerce sales through Mada Cards climbed 18% YoY to SAR 14.8 billion in April. These sales were made through 93.9 million transactions, according to monthly data issued by the Saudi Central Bank (SAMA).

Online sales include transactions processed through Mada Cards for payments and purchases made via online shopping and applications. However, these do not include transactions conducted using Visa, Mastercard, or other credit cards.

The table below indicates the development of online sales via Mada cards:

Online Sales via Mada Cards (SAR bln)
Period	2023	2024	Change
January	11.71	14.43	+23%
February	11.32	14.11	+25%
March	13.50	15.89	+18%
April	12.63	14.85	+18%
May	12.71	--	--
June	13.39	--	--
July	12.90	--	--
August	14.38	--	--
September	13.85	--	--
October	13.42	--	--
November	13.48	--	--
December	13.63	--	--

Economic Reports

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