The value of payments by cards with a debit function in Sweden shows a varied trend over the past decade. In 2023, the value stood at 90.72 billion USD. The period from 2013 to 2023 experienced both growth and declines, notably with sharp drops in 2015 and 2020, and a notable rise in 2021. The average annual variation in value (5-year CAGR) for the period ending in 2023 was -0.32%. Additionally, the year-on-year variation for the past two years shows a minor decrease of 0.032% in 2023 and a larger decline of 4.79% in 2022.
Looking forward, the forecast for the years 2024 to 2028 predicts a relatively stable trend with very slight decreases, resulting in an average annual forecast growth rate (5-year CAGR) of -0.04%. This indicates a marginal decline in the total value of payments by debit cards.
Future trends to watch for include:
- Technological advancements in payment methods impacting debit card usage.
- Changes in consumer behavior post-pandemic, influencing payment preferences.
- Regulatory changes affecting financial transactions and payment mechanisms.
- Potential economic fluctuations that might alter consumer spending and payment habits.