POS device
Consumer spending in Saudi Arabia increased 9% to SAR 1.24 trillion in 2022, from SAR 1.13 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", 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 |
107.12 |
+13% |
|
September |
92.71 |
103.99 |
+12% |
|
October |
94.75 |
105.34 |
+11% |
|
November |
95.02 |
103.29 |
+9% |
|
December |
101.36 |
109.77 |
+8% |
|
Total |
1,129.51 |
1,236.55 |
+9% |
POS transactions rose 18% year-on-year (YoY) to SAR 559.1 billion in 2022.
Data showed that 7.26 billion transactions were processed through 1.42 million POS devices last year.
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 |
49.67 |
+21% |
|
September |
40.00 |
47.45 |
+19% |
|
October |
40.47 |
47.66 |
+18% |
|
November |
41.28 |
46.87 |
+14% |
|
December |
44.37 |
50.51 |
+14% |
|
Total |
473.26 |
559.13 |
+18% |
Cash withdrawals from ATMs saw a decline of 5% to SAR 554.7 billion in 2022, sliding for the fourth year in a row.
These withdrawals were processed from 16,300 ATMs through 1.53 billion 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 |
46.17 |
(1%) |
|
September |
45.69 |
45.38 |
(1%) |
|
October |
47.11 |
46.78 |
(1%) |
|
November |
46.02 |
45.19 |
(2%) |
|
December |
48.83 |
47.40 |
(3%) |
|
Total |
581.93 |
554.74 |
(5%) |
E-commerce sales through Mada cards increased 65% YoY to SAR 122.7 billion during last year.
According to SAMA's monthly bulletin, these sales were made through 610.6 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 |
11.28 |
+64% |
|
September |
7.02 |
11.16 |
+59% |
|
October |
7.17 |
10.90 |
+52% |
|
November |
7.72 |
11.22 |
+45% |
|
December |
8.16 |
11.86 |
+45% |
|
Total |
74.32 |
122.67 |
+65% |
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