During the forecast period, uncertain economic conditions could lead consumers to become more cautious about applying for credit. The ongoing Ukrainian conflict, high levels of inflation, interest rate hikes and rising food and energy prices will have a negative impact on consumer purchasing power, with the result that Swedes could be more reluctant to take on new debt.
During the forecast period, education lending will continue to grow as uncertain economic conditions mean that students face an increasing need for financial support. Moreover, in the aftermath of the pandemic, the number of students wishing to study abroad will begin to increase, thereby leading to a rise in loan applications.
During the forecast period, there are likely to be opportunities for green/ethical lending. In recent years, certain banks operating in Sweden have had problems maintaining their reputation, for example due to money laundering scandals.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in Sweden with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in Sweden, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See All of Our DefinitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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