Forecast: Value of Payment Transactions in Italy

The value of payment transactions in Italy has witnessed a general decline from 2013 to 2023. Starting at 12.96 trillion USD in 2013, the value dropped to 7.63 trillion USD in 2023. This represents a compound annual growth rate (CAGR) of -3.42% over the last five years, illustrating a continuous downward trend. Between 2022 and 2023, the value decreased by 3.52%, whereas the drop from 2021 to 2022 was 8.06%, indicating some stabilization post the sharp decline during the COVID-19 pandemic.

Forecasts from 2024 to 2028 predict a continued decrease in transaction values, with a CAGR of -3.35%, resulting in a projected decline of 15.67% over this period. The value is expected to drop to 6.2 trillion USD by 2028.

Future trends to watch for include the impact of digital payment innovation, economic recovery post-pandemic, and regulatory changes which may either mitigate or exacerbate the current downward trend.