Forecast: Number of ATM Cash Withdrawals in Germany

The data on ATM cash withdrawals in Germany from 2013 to 2023 shows fluctuating trends. The number of ATM withdrawals in 2023 stood at 2.18 billion units. Significant variations include a drastic decrease of 16.68% in 2020, likely influenced by the COVID-19 pandemic, followed by a recovery of nearly 27% in 2021. The average annual change over the last five years (CAGR) is roughly 0.37%, indicating a relatively stable but slightly growing trend towards 2023. Forecasts suggest a steady increase with a forecasted CAGR of 0.28% from 2024 to 2028, culminating in 2.23 billion units by 2028.

Future trends to watch for include:

• Continued technological advancements in payment methods potentially decreasing the need for ATM cash withdrawals.
• The impact of digital currency adoption on cash usage.
• Changing consumer behavior post-pandemic and the long-term effects on cash handling preferences.
• Financial policies that could influence cash versus digital transactions.