In Poland, the non-revolving credit for households up to one year stood at 3.38 billion Zloty in 2023. Over the past two years, the credit volume has seen fluctuations with a significant drop in 2023 by 8.93% after an increase in 2022 by 22.88%. Analyzing the past five years, the compound annual growth rate (CAGR) is observed to be -3.13%, indicating a general downward trend.
The forecast data suggests a continued decline, with a projected five-year CAGR of -4.9%, leading to a total decrease of 22.2% by 2028. Such trends signal a contraction in the household non-revolving credit market over the medium term.
Future trends to watch for:
- Economic policies affecting lending practices
- Consumer confidence and spending behavior
- Inflation and interest rate changes
- Innovations in financial products and credit access