An ATM machine
Consumer spending in Saudi Arabia grew by 1% to SAR 113.2 billion in April, up from nearly SAR 111.5 billion in the same month last year.
|
Consumer Spending (SAR bln) |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
105.19 |
114.24 |
+9% |
|
February |
97.85 |
113.37 |
+16% |
|
March |
120.62 |
126.18 |
+5% |
|
April |
111.51 |
113.17 |
+1% |
|
May |
107.43 |
-- |
-- |
|
June |
115.41 |
-- |
-- |
|
July |
104.63 |
-- |
-- |
|
August |
115.42 |
-- |
-- |
|
September |
106.61 |
-- |
-- |
|
October |
110.01 |
-- |
-- |
|
November |
111.47 |
-- |
-- |
|
December |
113.53 |
-- |
-- |
POS transactions saw a 3% year-on-year (YoY) rise to around SAR 53 billion in April, as 798.8 million transactions were processed through 1.8 million POS terminals.
POS transactions represent the expenditures made by consumers using their ATM cards and credit cards at shopping malls, retail stores, pharmacies, and other retail outlets.
The table below indicates the development of POS transactions:
|
POS Transactions (SAR bln) |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
48.33 |
53.80 |
+11% |
|
February |
44.80 |
53.72 |
+20% |
|
March |
55.41 |
59.68 |
+8% |
|
April |
51.57 |
52.95 |
+3% |
|
May |
49.80 |
-- |
-- |
|
June |
51.85 |
-- |
-- |
|
July |
49.35 |
-- |
-- |
|
August |
54.64 |
-- |
-- |
|
September |
50.50 |
-- |
-- |
|
October |
51.10 |
-- |
-- |
|
November |
52.37 |
-- |
-- |
|
December |
54.23 |
-- |
-- |
Cash withdrawals from ATMs declined by almost 4% YoY to about SAR 45.4 billion in April. These withdrawals were processed through 15,800 ATMs in 122.3 million transactions.
|
ATM Withdrawals (SAR bln) |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
45.15 |
46.01 |
+2% |
|
February |
41.74 |
45.54 |
+9% |
|
March |
51.70 |
50.61 |
(2%) |
|
April |
47.32 |
45.36 |
(4%) |
|
May |
44.93 |
-- |
-- |
|
June |
50.17 |
-- |
-- |
|
July |
42.38 |
-- |
-- |
|
August |
46.40 |
-- |
-- |
|
September |
42.26 |
-- |
-- |
|
October |
45.49 |
-- |
-- |
|
November |
45.62 |
-- |
-- |
|
December |
45.67 |
-- |
-- |
E-commerce sales through Mada Cards climbed 18% YoY to SAR 14.8 billion in April. These sales were made through 93.9 million transactions, according to monthly data issued by the Saudi Central Bank (SAMA).
Online sales include transactions processed through Mada Cards for payments and purchases made via online shopping and applications. However, these do not include transactions conducted using Visa, Mastercard, or other credit cards.
The table below indicates the development of online sales via Mada cards:
|
Online Sales via Mada Cards (SAR bln) |
|||
|
Period |
2023 |
2024 |
Change |
|
January |
11.71 |
14.43 |
+23% |
|
February |
11.32 |
14.11 |
+25% |
|
March |
13.50 |
15.89 |
+18% |
|
April |
12.63 |
14.85 |
+18% |
|
May |
12.71 |
-- |
-- |
|
June |
13.39 |
-- |
-- |
|
July |
12.90 |
-- |
-- |
|
August |
14.38 |
-- |
-- |
|
September |
13.85 |
-- |
-- |
|
October |
13.42 |
-- |
-- |
|
November |
13.48 |
-- |
-- |
|
December |
13.63 |
-- |
-- |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}