Forecast: Value of POS Transactions at Terminals in Belgium

In 2023, the value of POS transactions at terminals in Belgium stood at 82.39 Billion US Dollars. Analyzing the historical data from 2013 to 2023, we observe a notable fluctuation in transaction values. Early years showed incremental growth, peaking in 2014, followed by a noticeable decline in 2015. A steady recovery occurred from 2016 through 2019, but the pandemic severely impacted 2020 with a significant drop. Post-pandemic recovery in 2021 was substantial, with a year-on-year increase of 27.62%. However, the values dipped again slightly in 2022 and showed marginal growth in 2023 with a year-on-year increase of 0.84%.

Future trends to watch for:

• Steady growth with a forecasted 5-year CAGR of 0.65%, indicating modest but consistent recovery and expansion.
• Projected values reaching 86.19 Billion US Dollars by 2028, reflecting continuous positive outlook and gradual increase in POS transaction values.
• Potential influences of technological advancements in payment systems and shifts in consumer behavior driving the market dynamics.