November 26, 2022

Consumer spending in Saudi Arabia rose to 107.12 billion rials in August 2022, up 13% from about 94.65 billion rials in the same month of 2021..

Consumer spending in Saudi Arabia includes cash withdrawals, point-of-sale sales and e-commerce sales through Mada.

The value of sales through the point of sale in Saudi Arabia in August 2022 increased by 21% and reached approximately 49.7 billion rials compared to the same period in 2021.

According to the data, there were 644.9 million transactions and 1.26 million devices in August.

Point-of-sale transactions represent what consumers spend with debit and credit cards at large malls, retail stores, pharmacies, etc..

And cash withdrawals from ATMs in August 2022 recorded a decrease of 1% and amounted to about 46.17 billion rials compared to withdrawals in August 2021.

Cash withdrawals were made through 16.3 thousand ATMs (ATMs) for operating banks and networks in Saudi Arabia, as well as through 131.2 million transactions..

E-commerce sales with Mada cards rose to 11.28 billion rials in August 2022 and up 64% compared to the same period in 2021..

Monthly data from the Saudi Central Bank Sama showed that these sales were made through 51.8 million transactions.

E-commerce sales include transactions with mada cards used for payments and purchases through merchant websites and electronic applications and do not include transactions made with Visa, MasterCard and other credit cards.

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