In 2023, the number of cards with a credit function per inhabitant in Sweden was at 0.66. From 2024 onwards, we observe a forecasted downtrend with values decreasing annually from 0.64 in 2024 to 0.54 in 2028. Year-on-year percentage variations indicate a consistent decline in the number of these cards per inhabitant over the years, with a notable overall Compound Annual Growth Rate (CAGR) highlighting an average negative percentage variation per year from 2024 to 2028.
Future trends to watch for include the possible driving factors behind this decline, such as increased adoption of alternative payment methods, changes in consumer credit behavior, and regulatory impacts. Monitoring these elements will be crucial to understanding the evolving dynamics of the credit card market in Sweden.
