Forecast: Value of Payment Transactions in Germany

The value of payment transactions in Germany experienced a significant decline from 2013 to 2023, falling from $93.94 trillion to $42.28 trillion. This equates to a year-on-year decrease of 5.6% for 2023 and an average annual decline (CAGR) of 5.25% over the last five years. Forecasts for the period 2024-2028 project a continued downward trend, with an anticipated decrease to $29.31 trillion by 2028, corresponding to a forecasted 5-year CAGR of -5.89% and an overall decline rate of 26.16%.

Future trends to monitor include:

• The impact of emerging payment technologies on transaction values.
• Shifts in consumer behavior towards digital and cashless payments.
• Regulatory changes which may influence transaction costs and volumes.
• Economic factors, including potential recessions or economic booms, which could affect overall payment volumes.