Saudi Arabian banknotes
Consumer spending in Saudi Arabia rose by 1% to nearly SAR 87.57 billion in October, from SAR 86.53 billion during the same period last year.
According to the Saudi Central Bank's (SAMA) monthly bulletin, total consumer spending since the beginning of this year reached SAR 874.7 billion, up 8% from the same period last year.
Consumer spending includes total cash withdrawals and point-of-sale sales, as the following table shows:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
91.47 |
89.24 |
(2%) |
|
February |
82.33 |
76.06 |
(8%) |
|
March |
81.69 |
95.50 |
+17% |
|
April |
56.73 |
90.52 |
+60% |
|
May |
67.94 |
89.79 |
+32% |
|
June |
86.40 |
85.44 |
(1%) |
|
July |
89.17 |
87.09 |
(2%) |
|
August |
79.21 |
87.78 |
+11% |
|
September |
86.24 |
85.68 |
(1%) |
|
October |
86.53 |
87.57 |
+1% |
|
November |
85.79 |
-- |
-- |
|
December |
92.68 |
-- |
-- |
POS transactions rose by 20% to SAR 40.47 billion in October, from SAR 33.64 billion in the same month last year.
Data showed that a total of 495.1 million transactions were processed through 936,000 POS in the month.
POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
The following table shows the development of POS transactions:
|
POS Transactions (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
28.53 |
37.27 |
+31% |
|
February |
25.93 |
31.05 |
+20% |
|
March |
24.79 |
40.84 |
+65% |
|
April |
16.18 |
39.17 |
+142% |
|
May |
23.45 |
40.27 |
+72% |
|
June |
37.02 |
38.70 |
+5% |
|
July |
31.51 |
38.85 |
+23% |
|
August |
31.15 |
40.97 |
+32% |
|
September |
33.21 |
40.00 |
+20% |
|
October |
33.64 |
40.47 |
+20% |
|
November |
34.26 |
-- |
-- |
|
December |
37.62 |
-- |
-- |
Cash withdrawals declined by 11% to SAR 47.1 billion in October, from SAR 52.9 billion last year.
The withdrawals were processed through 17,050 ATMs and through 132.4 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2020 |
2021 |
Variation |
|
January |
62.94 |
51.97 |
(17%) |
|
February |
56.39 |
45.01 |
(20%) |
|
March |
56.90 |
54.66 |
(4%) |
|
April |
40.55 |
51.35 |
+27% |
|
May |
44.49 |
49.52 |
+11% |
|
June |
49.38 |
46.74 |
(5%) |
|
July |
57.66 |
48.24 |
(16%) |
|
August |
48.06 |
46.81 |
(3%) |
|
September |
53.03 |
45.69 |
(14%) |
|
October |
52.89 |
47.11 |
(11%) |
|
November |
51.53 |
-- |
-- |
|
December |
55.06 |
-- |
-- |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}