The number of ATMs in Belgium has shown a consistent decline from 93.95 units per hundred thousand persons in 2013 to 59.74 units in 2023. The year-on-year variation has seen an overall negative trend, culminating in a -5.94% decrease in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at -5.9%. Forecasts for future years predict a continued decline, with the number of ATMs expected to reduce to 34.36 units per hundred thousand persons by 2028, indicating an average annual decrease of -8.85% and an overall drop of -37.08% over five years.
Future trends to watch for include the increased adoption of digital banking solutions and the potential impact of government regulations on ATM networks. The growing shift towards cashless transactions and advanced fintech innovations may further accelerate the decline in ATM usage.
