Forecast: Value of Payments by Cards with a Credit Function in Sweden

The value of payments by cards with a credit function in Sweden experienced notable fluctuations from 2013 to 2023. Starting at 31.73 Billion USD in 2013, the value saw various increases and sharp declines. A significant drop occurred in 2015 by 25.31% followed by fluctuations that included a 9.73% rise in 2016 and notable decreases like 24.11% in 2017 and 18.27% in 2020. By 2023, the value stood at 22.88 Billion USD, reflecting a year-on-year decline of 1.5%. The average annual variation (CAGR) over the last five years was negative, at -2.56%. For the forecasted values until 2028, an average annual decrease of -1.32% is expected.

Future trends to watch for include:

• Continually declining value in credit card payments, with an anticipated decrease of -6.45% by 2028.
• Evolving consumer payment preferences, possibly shifting towards digital wallets and other credit alternatives.
• Impact of economic conditions on consumer credit behavior and spending patterns.