From 2013 to 2019, Household Revolving Credit in Poland exhibited a generally increasing trend, moving from 23.08 Billion Zloty to 26.05 Billion Zloty. However, this was punctuated by decreases in some years. A peak was observed in 2019. The period from 2020 to 2023 showed a decline, ending at 22.85 Billion Zloty in 2023. The year-on-year variation from 2021 to 2023 indicated a steady downward trend, with the values dropping by -4.09% and -3.35% annually. The five-year CAGR as of 2023 was -1.69%, reflecting a slight overall decline over this period.
Future trends from 2024 to 2028 project a continued downward trend, with the total forecasted to decline to 18.79 Billion Zloty by 2028, marked by an average annual decline of -3.13% and an overall decrease of -14.69% over the five years.
Future trends to watch for:
- Economic factors influencing household borrowing capacity and willingness.
- Potential regulatory changes affecting credit availability or terms.
- Technological advancements in digital banking and credit assessment impacting revolving credit options.