Forecast: Number of Commercial Bank Branches in Sweden

Sweden's number of commercial bank branches has witnessed a significant decline from 2013, where the value was at 21.54 units per hundred thousand adults, to 2023, standing at 15.52 units. The year-on-year variation percentage shows notable fluctuations, with major drops in 2020 and 2021 at -15.96% and -17.32%, respectively. However, 2022 experienced a rebound with a 35.5% increase, stabilizing slightly with a 0.39% rise in 2023. The CAGR over the last five years until 2023 was a positive 0.81%, indicating a slight recovery trend.

Forecasts for the next five years predict a continued decline, with the value expected to drop to 13.3 units by 2028, reflecting a forecasted 5-year CAGR of -2.47% and an overall forecast growth rate of -11.75% over five years.

Future trends to watch for include the impact of digital banking on the physical presence of bank branches and potential consolidations in the banking sector that could further reduce the number of branches. Additionally, regulatory changes and shifts in consumer behavior towards digital services will play a key role in shaping the landscape of commercial bank branches in Sweden.