Mon, 2021-02-01 21:31
RIYADH: Consumer spending in Saudi Arabia fell by 1.4 percent year-on-year to SR1.025 trillion ($273 billion), according to latest figures.
A report by Al-Eqtisadiah newspaper, based on data from the Saudi Central Bank (SAMA), revealed that average monthly consumer spending in the Kingdom last year was around SR85.4 billion, compared to an estimated SR86.6 billion in 2019.
Consumer spending during the fourth quarter (Q4) of 2020 reached a record level of SR277.6 billion, an annual increase of 3.1 percent, the paper’s report said.
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