An ATM machine
Consumer spending in Saudi Arabia increased by nearly 11% to SAR 116.5 billion in July 2024 from almost SAR 104.6 billion in the same month last year.
Consumer spending in the Kingdom represents total cash withdrawals, point-of-sale (POS) transactions, and e-commerce via Mada cards.
|
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 |
121.96 |
+14% |
|
June |
115.41 |
112.68 |
(2%) |
|
July |
104.63 |
116.53 |
+11% |
|
August |
115.42 |
-- |
-- |
|
September |
106.60 |
-- |
-- |
|
October |
110.01 |
-- |
-- |
|
November |
111.47 |
-- |
-- |
|
December |
113.53 |
-- |
-- |
POS transactions saw a 10% year-on-year (YoY) rise to around SAR 54.1 billion in July.
The data showed that 863.8 million transactions were processed through 1.8 million POS terminals during the same period.
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 |
56.49 |
+13% |
|
June |
51.85 |
52.76 |
+2% |
|
July |
49.35 |
54.12 |
+10% |
|
August |
54.64 |
-- |
-- |
|
September |
50.50 |
-- |
-- |
|
October |
51.10 |
-- |
-- |
|
November |
52.37 |
-- |
-- |
|
December |
54.23 |
-- |
-- |
Cash withdrawals from ATMs rose by 8% YoY to about SAR 45.8 billion in July.
These withdrawals were processed through 15,700 ATMs in 125.3 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 |
49.25 |
+10% |
|
June |
50.17 |
44.79 |
(11%) |
|
July |
42.38 |
45.77 |
+8% |
|
August |
46.40 |
-- |
-- |
|
September |
42.26 |
-- |
-- |
|
October |
45.49 |
-- |
-- |
|
November |
45.62 |
-- |
-- |
|
December |
45.67 |
-- |
-- |
E-commerce sales through Mada cards climbed 29% YoY to SAR 16.6 billion in July.
According to monthly data issued by the Saudi Central Bank (SAMA), these sales were made through 90.4 million transactions.
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 |
16.22 |
+28% |
|
June |
13.39 |
15.14 |
+13% |
|
July |
12.90 |
16.64 |
+29% |
|
August |
14.38 |
-- |
-- |
|
September |
13.85 |
-- |
-- |
|
October |
13.42 |
-- |
-- |
|
November |
13.48 |
-- |
-- |
|
December |
13.63 |
-- |
-- |
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