The forecast for new business lending for SMEs in Spain indicates a consistent decline from 2024 to 2028. The values start at EUR 129.0 billion in 2024, with a year-on-year decrease to EUR 123.0 billion in 2025, EUR 119.0 billion in 2026, EUR 115.0 billion in 2027, and EUR 113.0 billion in 2028. Comparing the latest two years (2027 to 2028), there's a slight decrease of approximately 1.7% (from EUR 115.0 billion to EUR 113.0 billion). Analyzing the period as a whole, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -3.3%.
Future trends to watch for include economic shifts that might alter lending patterns. Factors such as changes in interest rates, government policies encouraging SME growth, or economic recovery post-pandemic could influence lending trends. Additionally, technological advancements and fintech innovations could play a role in how lending to SMEs evolves in the coming years.
