In 2023, Slovakia led the European NPISHs and households short-term loans market with a value of 83.03 million euros, showing a notable year-on-year growth of 5.24%. Germany, Italy, and Spain followed, though with mixed performances; Germany decreased by 0.98%, Italy contracted slightly by 0.41%, and Spain increased by 4.36%. The Netherlands saw a significant decline of 10.51%. Smaller markets like Finland and Slovenia experienced growth, while countries like Greece and Ireland saw notable contractions of 14.22% and 13.67% respectively. Over the last five years, the market has seen various fluctuations, with an average compound annual growth rate specific to countries.
Future trends include rising digital finance services, which may increase loan availability, particularly in countries with prior declines. Additionally, economic stabilization could reverse negative trends in struggling markets like Greece and Ireland. Watch for policy changes impacting credit allowances across the EU that could reshape short-term lending landscapes.
Top countries in NPISHs and Households Short-Term Loans (Up to One Year) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 83.03 | 2023 | +9.39% | +5.24% | View data |
| 2 | 2 Germany | 4.97 | 2023 | -0.16% | -0.98% | View data |
| 3 | 3 Italy | 4.26 | 2023 | -0.65% | -0.41% | View data |
| 4 | 4 Spain | 3.26 | 2023 | +5.45% | +4.36% | View data |
| 5 | 5 Netherlands | 0.95 | 2023 | -12.27% | -10.51% | View data |
| 6 | 6 Finland | 0.87 | 2023 | +2.74% | +2.48% | View data |
| 7 | 7 Belgium | 0.79 | 2023 | +0.38% | -0.57% | View data |
| 8 | 8 Austria | 0.67 | 2023 | -5.72% | -6.43% | View data |
| 9 | 9 Greece | 0.44 | 2023 | -17.42% | -14.22% | View data |
| 10 | 10 Portugal | 0.37 | 2023 | -3.8% | -3.38% | View data |
