POS device
Consumer spending in Saudi Arabia increased 10% to SAR 102.97 billion in July 2022, from SAR 93.42 billion during the same month last year, according to the Saudi Central Bank's (SAMA) monthly bulletin.
Consumer spending includes total cash withdrawals, point-of-sale (POS) sales and e-commerce sales through "Mada", as the following table shows:
|
Consumer Spending (SAR bln) |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
93.62 |
97.61 |
+4% |
|
February |
80.23 |
88.57 |
+10% |
|
March |
100.81 |
113.81 |
+13% |
|
April |
96.07 |
107.29 |
+12% |
|
May |
95.53 |
93.22 |
(2%) |
|
June |
91.33 |
103.58 |
+13% |
|
July |
93.42 |
102.97 |
+10% |
|
August |
94.65 |
-- |
-- |
|
September |
92.71 |
-- |
-- |
|
October |
94.75 |
-- |
-- |
|
November |
95.02 |
-- |
-- |
|
December |
101.36 |
-- |
-- |
POS transactions rose 18% year-on-year (YoY) to SAR 45.75 billion in July.
Data showed that a total of 611.5 million transactions were processed through 1.2 million POS devices in July.
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 |
2021 |
2022 |
Change |
|
January |
37.27 |
43.56 |
+17% |
|
February |
31.05 |
38.88 |
+25% |
|
March |
40.84 |
51.00 |
+25% |
|
April |
39.17 |
49.44 |
+26% |
|
May |
40.27 |
42.38 |
+5% |
|
June |
38.70 |
45.97 |
+19% |
|
July |
38.85 |
45.75 |
+18% |
|
August |
40.97 |
-- |
-- |
|
September |
40.00 |
-- |
-- |
|
October |
40.47 |
-- |
-- |
|
November |
41.28 |
-- |
-- |
|
December |
44.37 |
-- |
-- |
Cash withdrawals saw a decline of 3% YoY to SAR 46.99 billion in July.
These withdrawals were processed from 16,400 ATMs through 126 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Month |
2021 |
2022 |
Change |
|
January |
51.97 |
45.82 |
(12%) |
|
February |
45.01 |
41.67 |
(7%) |
|
March |
54.66 |
52.83 |
(3%) |
|
April |
51.35 |
47.58 |
(7%) |
|
May |
49.52 |
41.73 |
(16%) |
|
June |
46.74 |
47.21 |
+1% |
|
July |
48.24 |
46.99 |
(3%) |
|
August |
46.81 |
-- |
-- |
|
September |
45.69 |
-- |
-- |
|
October |
47.11 |
-- |
-- |
|
November |
46.02 |
-- |
-- |
|
December |
48.83 |
-- |
-- |
E-commerce sales through Mada cards increased 62% YoY to SAR 10.23 billion in July.
According to SAMA's monthly bulletin, these sales were made through 50.1 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 |
2021 |
2022 |
Change |
|
January |
4.38 |
8.23 |
+88% |
|
February |
4.17 |
8.02 |
+92% |
|
March |
5.31 |
9.98 |
+88% |
|
April |
5.56 |
10.26 |
+85% |
|
May |
5.74 |
9.12 |
+59% |
|
June |
5.89 |
10.40 |
+77% |
|
July |
6.33 |
10.23 |
+62% |
|
August |
6.87 |
-- |
-- |
|
September |
7.02 |
-- |
-- |
|
October |
7.17 |
-- |
-- |
|
November |
7.72 |
-- |
-- |
|
December |
8.16 |
-- |
-- |
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