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

The analysis of payments by cards with a credit function in Sweden shows a gradual upward trend from 2013 through 2023. As of 2023, the number of payments stood at 620.82 million units, reflecting a modest year-on-year increase of 3.13%. Despite some fluctuations, including a significant dip in 2020 likely due to the pandemic, the overall compound annual growth rate (CAGR) over the last five years is 3.62%. The forecast for the next five years projects a continued increase, with a forecasted CAGR of 2.3%, leading to an anticipated growth rate of 12.04% by 2028.

Future trends to watch for:

• Further digitalization of payments and technology advancements which could drive higher usage rates.
• Economic factors and consumer confidence, which may impact credit card usage either positively or negatively.
• Potential regulatory changes that could influence the dynamics of the credit card market.