In 2023, Slovakia exhibited the highest value of short-term loans at 935.7 billion Euros, showing a significant growth of 5.24% year-on-year. Major economies like Germany and Italy faced a slight decline, while Spain saw a moderate rise. Notably, the Netherlands endured a sharp drop of 10.51%. Austria, Greece, and Ireland also experienced negative trends, whereas Finland showed a modest increase. Luxembourg and Estonia maintained stability, showing marginal positive changes. Over the last five years, compound annual growth has been mixed, reflecting diverse lending behaviors and economic conditions across these nations.
Future trends to monitor include digital finance advancements driving lending efficiency, the impact of regulatory changes, and economic recovery efforts affecting consumer credit dynamics. Distinct country-specific factors like domestic economic policies and consumer confidence will heavily influence the short-term lending landscape.
Top countries in NPISHs and Households Short-Term Loans (Up to One Year) by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 935,700 | 2023 | +9.39% | +5.24% | View data |
| 2 | 2 Germany | 56,060 | 2023 | -0.16% | -0.98% | View data |
| 3 | 3 Italy | 48,020 | 2023 | -0.65% | -0.41% | View data |
| 4 | 4 Spain | 36,690 | 2023 | +5.45% | +4.36% | View data |
| 5 | 5 Netherlands | 10,670 | 2023 | -12.27% | -10.51% | View data |
| 6 | 6 Finland | 9,850 | 2023 | +2.74% | +2.48% | View data |
| 7 | 7 Belgium | 8,950 | 2023 | +0.38% | -0.57% | View data |
| 8 | 8 Austria | 7,500 | 2023 | -5.72% | -6.43% | View data |
| 9 | 9 Greece | 4,920 | 2023 | -17.42% | -14.22% | View data |
| 10 | 10 Portugal | 4,170 | 2023 | -3.8% | -3.38% | View data |
