In 2023, the number of ATM cash withdrawals in Spain stood at 1.12 billion units, reflecting a modest year-on-year growth of 1.34%. Over the past five years, the compound annual growth rate (CAGR) has been 0.97%. Observing the trends, from 2014 to 2023, the values have seen both increases and decreases. Notable peaks include a 10.32% increase in 2017 and a significant 28.32% increase in 2021, likely a rebound effect post-pandemic. Conversely, there were periods of decline such as in 2020 with a notable drop of 15.76% due to the pandemic. The forecast from 2024 to 2028 anticipates a steady CAGR of 1.04%, leading to an overall growth rate of 5.31% over the next five years.

Future trends to watch for:

The impact of increasing digital payment methods and how they might continue to moderate the need for cash withdrawals.
Potential regulatory changes affecting bank access and ATM networks.
Technological advancements, such as enhanced ATM features, and their influence on consumer behavior.
Economic fluctuations and stability, which could significantly affect cash withdrawal patterns.