Key Market Indicators
The number of credit cards in Sweden is projected to decline from 6.62 million units in 2023 to approximately 5.43 million units by 2028, marking an annual decrease of 3.2%. This trend follows a consistent downward trajectory since 2017, with the supply falling by 2.7% annually. In the global ranking for 2023, Sweden held the 17th position, with Switzerland slightly ahead at 6.62 million units. The top spots were occupied by China, Japan, and Brazil, respectively. In terms of credit card transactions, Sweden is expected to see a drop from $22.88 billion in 2023 to about $21.12 billion by 2028, reflecting an average annual decline of 1.3%. The demand for credit card transactions in Sweden has been decreasing by 2.6% annually since 2017. In the 2023 ranking, Sweden was 16th, with France slightly ahead at $22.88 billion. South Korea, Japan, and Canada held the second, third, and fourth positions, respectively.
