In 2023, households' short-term loans in Denmark stood at 117.35 billion Danish Krones. The forecasted values from 2024 to 2028 show a steady year-on-year increase: 2024 (118.57 billion DKK, +1.04%), 2025 (119.86 billion DKK, +1.09%), 2026 (121.11 billion DKK, +1.04%), 2027 (122.33 billion DKK, +1.01%), and 2028 (123.51 billion DKK, +0.97%). The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.02% annually.
Future trends to watch:
- Economic factors such as interest rates and inflation impacting borrowing costs.
- Changes in consumer confidence and spending behavior.
- Regulatory shifts affecting lending practices.
- Technological advancements in financial services, potentially altering loan distribution and repayment mechanisms.