European NPISHs and Households Consumer Credit (More Than One Year) by Country

In 2023, France and Germany held the largest consumer credit values in Europe at 164.79 billion euros, showing a growth of 2.71%. Italy and Spain experienced higher year-on-year growth rates of 3.62% and 3.83%, while Greece recorded the most substantial increase at 13.26%. In contrast, Austria and the Netherlands saw declines of 1.84% and 8.79% respectively. Smaller economies like Luxembourg, Estonia, and Latvia showed minor fluctuations, with Latvia reporting a 3.49% increase.

Future trends to watch include:

• The impact of economic policies on credit availability and demand, particularly in larger economies like France and Germany.
• Monitoring Greece's significant growth pattern for sustainability potential.
• A continued decline in traditional markets like Austria and the Netherlands might indicate shifts in consumer behavior or credit structures.