Forecast: Value of Payments by Cards with a Credit Function in Argentina

From 2013 to 2023, the value of payments made by cards with a credit function in Argentina showed significant fluctuations. It stood at 56.12 billion US dollars in 2023, with a year-on-year variation of 1.76% and a Compound Annual Growth Rate (CAGR) of 3.28% over the last five years. Notable trends include a sharp increase of 30.9% in 2015, followed by a decline in 2016 and subsequent years of volatility.

For the forecasted period up to 2028, the CAGR is projected at 1.35%, indicating a modest growth trajectory with a total growth rate of 6.91% over the next five years, reaching 61.34 billion US dollars by 2028.

Future trends to watch for include the impact of economic policies on consumer spending, the adoption of alternative payment technologies, and the influence of inflation and currency fluctuations on the purchasing power and credit behavior of consumers.