Forecast: Value of Payment Transactions in Belgium

Between 2013 and 2023, the value of payment transactions in Belgium showed fluctuations. From 2013’s 5.52 trillion USD to 2014’s sharp increase of 65.71%, followed by a decrease in 2015. Notable stability appeared from 2016 to 2019, with small year-on-year increases. A significant drop occurred in 2020 with a 15.72% decline, likely due to the pandemic, followed by a recovery pace, reaching 8.18 trillion USD in 2023 with a 1.39% increase. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was 1.49%. Forecasts suggest a moderate CAGR of 1.07% from 2024 to 2028, predicting a value of 8.79 trillion USD by 2028.

Future trends to watch for include the impact of digital payment innovations, regulatory changes, and economic factors influencing transaction volumes. Additionally, monitoring consumer behavior shifts and technological advancements will be crucial for anticipating future developments in the payment transaction landscape in Belgium.