Total lending to Swedish households rose 3.2 percent year-on-year in January 2023, the slowest annual change since the start of the series in 2006, and below from 3.5 percent increase in the previous month. Housing loans accounted for 83 percent of total lending to households and were up 3.7 percent from a year earlier, while consumption loans accounted for 6 percent, and grew 2.6 percent. source: Statistics Sweden

Loan Growth in Sweden averaged 7.47 percent from 1976 until 2023, reaching an all time high of 23.50 percent in December of 1986 and a record low of -3.30 percent in June of 1993. This page provides the latest reported value for - Sweden Household Lending Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Household Lending Growth - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Loan Growth in Sweden is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Household Lending Growth is projected to trend around 2.60 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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Sweden Household Lending Growth



Calendar GMT Actual Previous Consensus TEForecast
2023-01-27 07:00 AM Dec 3.5% 4.1% 3.6%
2023-02-27 07:00 AM Jan 3.2% 3.5% 3.2%
2023-03-27 06:00 AM Feb 3.2% 2.9%


Related Last Previous Unit Reference
Loan Growth 3.20 3.50 percent Jan 2023

Sweden Household Lending Growth
In Sweden, Household Lending Growth refers to the year-on-year change in credit extended to households by domestic MFIs. Lending to households is divided into three categories: housing loans, consumer credit, and other lending. The purpose of a loan is not directly measured, but is approximated by categorizing lending by type of collateral. Housing loans are defined as loans to private individuals or entrepreneurial households with housing as collateral. Consumer credit refers to lending to private individuals, generally without collateral. Other lending includes all other lending, for example lending to non-profit institutions serving households.
Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.50 23.50 -3.30 1976 - 2023 percent Monthly

News Stream
Swedish Household Lending Growth Eases Further in January
Total lending to Swedish households rose 3.2 percent year-on-year in January 2023, the slowest annual change since the start of the series in 2006, and below from 3.5 percent increase in the previous month. Housing loans accounted for 83 percent of total lending to households and were up 3.7 percent from a year earlier, while consumption loans accounted for 6 percent, and grew 2.6 percent.
2023-02-27
Swedish Household Lending Growth Hits Fresh Low
The annual growth rate of lending to Swedish households eased to 3.5 percent in December of 2022, the slowest annual change since the start of the series in 2006. Housing loans accounted for 83 percent of total lending to households, while consumption loans grew 2.9 percent, which accounted to 6 percent of household loans.
2023-01-27
Swedish Household Lending Growth at Record Low
The annual growth rate of lending to Swedish households eased to 4.1 percent in November 2022, the slowest pace since comparable records began in 2006. Mortgages accounted for 82 percent of total lending to households, and were up 4.5 percent from a year earlier. The average interest rate for households housing loans rose to 3.42 percent, the highest since August 2012. Meanwhile, consumption loans growth was 3.7 percent and accounted for 6 percent of total lending to households. New lending has slowed considerably in recent months as Sweden's central bank has raised interest rates by 250 bps so far this year to combat stubbornly high inflation, bringing borrowing costs to the highest level since December 2008.
2022-12-28