POS device
Consumer spending in Saudi Arabia increased 2% to SAR 104.6 billion in July 2023, from nearly SAR 102.97 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) transactions and e-commerce sales through "Mada", as the following table shows:
Consumer Spending (SAR bln) |
|||
Month |
2022 |
2023 |
Change |
January |
97.61 |
105.19 |
+8% |
February |
88.57 |
97.85 |
+10% |
March |
113.81 |
120.62 |
+6% |
April |
107.29 |
111.51 |
+4% |
May |
93.22 |
107.43 |
+15% |
June |
103.58 |
115.41 |
+11% |
July |
102.97 |
104.63 |
+2% |
August |
107.12 |
-- |
-- |
September |
103.99 |
-- |
-- |
October |
105.34 |
-- |
-- |
November |
103.29 |
-- |
-- |
December |
109.77 |
-- |
-- |
POS transactions rose 8% year-on-year (YoY) to SAR 49.35 billion in July.
Data showed 745.9 million transactions were processed through 1.64 million POS devices in July.
POS transactions represent what consumers spend 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 |
49.80 |
+18% |
June |
45.97 |
51.85 |
+13% |
July |
45.75 |
49.35 |
+8% |
August |
49.67 |
-- |
-- |
September |
47.45 |
-- |
-- |
October |
47.66 |
-- |
-- |
November |
46.87 |
-- |
-- |
December |
50.51 |
-- |
-- |
These withdrawals were processed from 16,100 ATMs through 121.1 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 |
44.93 |
+8% |
June |
47.21 |
50.17 |
+6% |
July |
46.99 |
42.38 |
(10%) |
August |
46.17 |
-- |
-- |
September |
45.38 |
-- |
-- |
October |
46.78 |
-- |
-- |
November |
45.19 |
-- |
-- |
December |
47.40 |
-- |
-- |
According to SAMA's monthly bulletin, these sales were made through 71 million transactions.
E-commerce sales include Mada card 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 |
+41% |
February |
8.02 |
11.32 |
+35% |
March |
9.98 |
13.50 |
+23% |
April |
10.26 |
12.63 |
+39% |
May |
9.12 |
12.71 |
+29% |
June |
10.40 |
13.39 |
+26% |
July |
10.23 |
12.90 |
+41% |
August |
11.28 |
-- |
-- |
September |
11.16 |
-- |
-- |
October |
10.90 |
-- |
-- |
November |
11.22 |
-- |
-- |
December |
11.86 |
-- |
-- |
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