Forecast: Number of Transferable Deposits Accounts Held by Banks in Sweden

The number of transferable deposits accounts held by banks in Sweden has shown significant variation over the past decade. In 2023, this value stood at 18.91 billion US dollars. Between 2013 and 2019, the market experienced erratic fluctuations, with values oscillating from as low as 1.91 billion US dollars in 2014 to highs of 15.93 billion US dollars in 2016. Post-2019, the market registered steady growth rates with a stark reduction in volatility; year-on-year growth rates declined from 5.64% in 2019 to 4.24% in 2023. The Compound Annual Growth Rate (CAGR) for the five years leading up to 2023 was 4.9%.

Future trends suggest a continued moderate growth in transferable deposits accounts, with forecasted figures indicating a rise to 22.54 billion US dollars by 2028. The forecasted five-year CAGR from 2024 to 2028 is estimated at 2.76%, reflecting a more stabilized and sustainable growth trajectory. Notably, the forecasted forecasted five-year growth rate stands at 14.59%, indicating a steadily increasing trend in the value of these deposits.

Future trends to watch for:

• Continued digital transformation in banking and its impact on transferable deposit accounts.
• Regulatory changes and their potential effects on account structures and client behavior.
• Economic conditions and consumer confidence influencing deposit trends.