POS device
Consumer spending in Saudi Arabia grew by 7% to SAR 1.31 trillion in 2023 from nearly SAR 1.23 trillion a year earlier.
Consumer spending in Saudi Arabia represents total cash withdrawals, POS transactions, and e-commerce via Mada cards.
|
Consumer Spending (SAR bln) |
|||
|
Period |
2022 |
2023 |
Change |
|
January |
97.60 |
105.19 |
+8% |
|
February |
88.57 |
97.85 |
+10% |
|
March |
113.81 |
120.62 |
+6% |
|
April |
107.29 |
111.51 |
+4% |
|
May |
93.23 |
107.43 |
+15% |
|
June |
103.58 |
115.41 |
+11% |
|
July |
102.97 |
104.63 |
+2% |
|
August |
107.12 |
115.42 |
+8% |
|
September |
103.99 |
106.61 |
+3% |
|
October |
105.34 |
110.01 |
+4% |
|
November |
103.28 |
111.47 |
+8% |
|
December |
109.77 |
113.53 |
+3% |
|
Total |
1,236.55 |
1,319.68 |
+7% |
Total spending (ATM POS and MADA) (Billion SAR)
POS transactions in Saudi Arabia saw a 10% year-on-year (YoY) rise to around SAR 614 billion in 2023.
Data showed that 8.97 billion transactions were processed through 1.74 million POS terminals during the same period.
POS transactions represent what is spent by consumers using their ATM cards and credit cards in shopping malls, retail stores, pharmacies, etc.
The table below indicates the development of POS transactions:
|
POS Transactions (SAR bln) |
|||
|
Period |
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 |
54.64 |
+10% |
|
September |
47.45 |
50.50 |
+6% |
|
October |
47.66 |
51.10 |
+7% |
|
November |
46.87 |
52.37 |
+12% |
|
December |
50.51 |
54.23 |
+7% |
|
Total |
559.13 |
613.96 |
+10% |
Point of Sales (Billion SAR)
Cash withdrawals from ATMs declined by almost 1% YoY to roughly SAR 548.8 billion last year.
These withdrawals were processed through 16,000 ATMs in 1.52 billion transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Period |
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 |
46.40 |
+0.5% |
|
September |
45.38 |
42.26 |
(7%) |
|
October |
46.78 |
45.49 |
(3%) |
|
November |
45.19 |
45.62 |
+1% |
|
December |
47.40 |
45.67 |
(4%) |
|
Total |
554.74 |
548.81 |
(1%) |
ATM Withdrawals (Billion SAR)
E-commerce sales through Mada cards climbed 28% YoY to SAR 156.9 billion in 2023.
The sales were made through 873.7 million transactions.
Online sales include Mada cards processes in payment and purchases through online shopping and online applications, but do not include processes carried out via Visa, Mastercard, or other credit cards.
|
Online Sales via Mada (SAR bln) |
|||
|
Period |
2022 |
2023 |
Change |
|
January |
8.23 |
11.71 |
+42% |
|
February |
8.02 |
11.32 |
+41% |
|
March |
9.98 |
13.50 |
+35% |
|
April |
10.26 |
12.63 |
+23% |
|
May |
9.12 |
12.71 |
+39% |
|
June |
10.40 |
13.39 |
+29% |
|
July |
10.23 |
12.90 |
+26% |
|
August |
11.28 |
14.38 |
+27% |
|
September |
11.16 |
13.85 |
+24% |
|
October |
10.90 |
13.42 |
+23% |
|
November |
11.22 |
13.48 |
+20% |
|
December |
11.86 |
13.63 |
+15% |
|
Total |
122.67 |
156.91 |
+28% |
E-Commerce using Mada cards-Sales (Billion SAR)
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