In 2023, the value of short-term loans (up to one year) for households in Belgium stood at 7.67 billion Euros. According to the forecasted data, there is a consistent annual increase in the value of these loans:
Year-on-year changes:
- 2024: 1.43% increase
- 2025: 1.41% increase
- 2026: 1.39% increase
- 2027: 1.25% increase
- 2028: 1.23% increase
Over the last two years, the value of short-term loans has grown by approximately 2.84%. The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual increase of 1.34%.
Future trends to watch:
- The impact of macroeconomic factors such as inflation and changes in interest rates on household borrowing.
- Technological advancements in digital lending and how they might influence borrower behavior and loan accessibility.
- Government policies and regulations, especially those aimed at consumer protection and financial stability, which could affect the demand and supply of short-term loans.
