Saudi Press

Saudi Arabia and the world
Thursday, Sep 18, 2025

Consumer spending in Saudi Arabia during March 2023 grows by 6%

Consumer spending in Saudi Arabia during March 2023 grows by 6%

The consumers spending in Saudi Arabia during march of 2023 recorded a growth by 6% after reaching SR120.6 billion (about SR4 billion per day), compared to about SR113.8 billion at the same month of the previous year, with a difference of SR6.8 billion.
According to Al-Eqtisadiah, based on data from the Saudi Central Bank (SAMA), the consumers spending in the Kingdom has reached a record level with the growth of sales, mainly through the Points of Sales (POS) in Riyadh, Makkah and Madinah.

Riyadh city, which constitutes 32% from the POS sales, has recorded a growth in sales by 12.9%, reaching SR17.8 billion, while the spending in Makkah and Madinah has increased by about 32% and 15% during march 2023.

The spending through e-commerce via Mada cards has constituted about 11.2% from the total spending in March 2023, with SR13.5 billion, which is considered as the highest monthly spending.

The POS sales has also recorded a growth during March 2023 by about 8.7% on an annual basis, reaching a record level as well by SR55.41 billion, while the cash withdrawals recorded a decrease by about 2.1% to SR51.7 billion.

Compared to the month of February 2023, the spending has grown by about 23.3% with an increase of SR22.8 billion, after the spending at that time recorded about SR97.85 billion.

As for the sectors, the consumer’s spending over the restaurants and cafes through the POS has recorded a growth of 3.3% on an annual basis, reaching SR7.16 billion. The spending on restaurants and cafes constitutes 12.9% from the total of POS during March.

The food and beverages sector has also grown by about 14.8%, as the POS sales amounted to about SR9.38 billion. The spending on the sector constitutes about 16.9%.

Regarding the clothes and shoes sector, the spending value amounted to SR4.69 billion, and about SR1.01 billion over the jewelry sector, while the POS sales of the entertainment and culture sector has exceeded SR1.3 billion.

As for the quarterly basis, the spending has grown during the Q1 of 2023 by about 6.5% compared to the same period in 2022, with spending value of SR323.65 billion through the POS transactions and cash withdrawals, in addition to the e-commerce via Mada cards with an increase of SR19.76 billion.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Kuwait opens bidding for construction of three cities to ease housing crunch.
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
Could AI Nursing Robots Help Healthcare Staffing Shortages?
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Big Oil Slashes Jobs and Investments Amid Prolonged Low Crude Prices
Social Media Access Curtailed in Turkey After CHP Calls for Rallies Following Police Blockade of Istanbul Headquarters
Did the Houthis disrupt the internet in the Middle East? Submarine cables cut in the Red Sea
Gold Could Reach Nearly $5,000 if Fed Independence Is Undermined, Goldman Sachs Warns
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
Trump Administration Advances Plans to Rebrand Pentagon as Department of War Instead of the Fake Term Department of Defense
Tether Expands into Gold Sector with Profit-Driven Diversification
Trump’s New War – and the ‘Drug Tyrant’ Fearing Invasion: ‘1,200 Missiles Aimed at Us’
At the Parade in China: Laser Weapons, 'Eagle Strike,' and a Missile Capable of 'Striking Anywhere in the World'
Information Warfare in the Age of AI: How Language Models Become Targets and Tools
Israeli Airstrike in Yemen Kills Houthi Prime Minister
After the Shock of Defeat, Iranians Yearn for Change
YouTube Altered Content by Artificial Intelligence – Without Permission
Iran Faces Escalating Water Crisis as Protests Spread
More Than Half a Million Evacuated as Typhoon Kajiki Heads for Vietnam
HSBC Switzerland Ends Relationships with Over 1,000 Clients from Saudi Arabia, Lebanon, Qatar, and Egypt
Sharia Law Made Legally Binding in Austria Despite Warnings Over 'Incompatible' Values
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
×