Saudi Arabia Credit Card Industry Outlook 2022 - 2026

Key Market Indicators

The number of credit cards in Saudi Arabia is expected to reach 3.5 million units by 2026, growing 1.6% year-on-year from 3.2 million in 2021. Since 2017, the supply has increased by 4.1%. In 2021, Saudi Arabia came in 20th place, with Germany taking first place at 3.2 million units. China, Japan, and Brazil followed in that order. Meanwhile, the value of credit card transactions in Saudi Arabia is projected to rise to $11.5 billion by 2026, growing at an average rate of 2.3% year-on-year from $10.1 billion in 2021. Since 2017, the demand has grown at a rate of 6.3%. In 2021, Saudi Arabia was 19th in the ranking, with Germany ahead at $10.1 billion. South Korea, Japan, and Canada followed in that order.

Saudi Arabia Credit Card Market Data and Forecasts

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