‎Consumer spending via POS transactions rises 9% to SAR 103.3 bln in November: SAMA

‎Consumer spending via POS transactions rises 9% to SAR 103.3 bln in November: SAMA

Consumer spending in Saudi Arabia increased 9% to SAR 103.3 billion in November 2022, from SAR 95.02 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:

POS transactions rose 14% year-on-year (YoY) to SAR 46.87 billion in November.

Data showed that a total of 656.2 million transactions were processed through 1.43 million POS devices in November.

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:

Cash withdrawals saw a decline of 2% YoY to SAR 45.19 billion in November.

These withdrawals were processed from 16,300 ATMs through 130 million transactions.

E-commerce sales through Mada cards increased 45% YoY to SAR 11.2 billion in November.

According to SAMA's monthly bulletin, these sales were made through 60.7 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.

Details and Historical Data of Consumer Spending