Annual Factoring Data
Factoring turnover in Europe
The total turnover for the factoring and commercial finance industry across the Europe in 2023 reached 2 trillion 44 billion euro. EUF Members represented 94.7% of the turnover in the Europe with the top five countries making up nearly 71.3% of the total market. The factoring industry turnover represented 12% of Europe GDP in 2023.
Total Factoring Volume in Europe in 2023
NB The year on year growth for non Euro countries may be affected by changes in exchange rates.
Source: EU National Associations and FCI statistics.
Factoring evolution 2007-2023 (in Millions of €)
Turnover volumes by country in 2023 (Millions of €)
| 31 December 2024 | Notes | Total Turnover | pct var. on the previous year (Total) | GDP Penetration | European Market Share | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Austria* | 36,244 | -0.6% | 7.5% | 1.5% | ||||||
| Belgium* | 138,610 | 2.1% | 22.5% | 5.6% | ||||||
| Bulgaria | (1)/(2) | 7,300 | 6.0% | 7.0% | 0.3% | |||||
| Croatia* | (1) | 1,537 | 9.7% | 1.8% | 0.1% | |||||
| Cyprus | (2) | 4,999 | 4.7% | 15.0% | 0.2% | |||||
| Czech Rep* | (1) | 11,785 | 2.9% | 3.9% | 0.5% | |||||
| Denmark* | (1) | 19,472 | -0.6% | 4.9% | 0.8% | |||||
| Estonia | (3) | 3,900 | 0.0% | 9.9% | 0.2% | |||||
| Finland | (3) | 28,000 | 0.0% | 10.1% | 1.1% | |||||
| France* | 431,381 | 1.1% | 14.8% | 17.4% | ||||||
| Germany* | 398,771 | 3.7% | 9.3% | 16.1% | ||||||
| Greece* | 27,074 | 9.7% | 13.4% | 1.1% | ||||||
| Hungary | (1)/(2) | 15,838 | 14.6% | 7.7% | 0.6% | |||||
| Ireland | (3) | 28,617 | 0.0% | 5.4% | 1.2% | |||||
| Italy* | 298,538 | 1.0% | 13.6% | 12.0% | ||||||
| Latvia | (2) | 1,004 | 25.2% | 2.5% | 0.0% | |||||
| Lithuania | (2) | 5,200 | 2.0% | 6.7% | 0.2% | |||||
| Luxemburg | (3) | 339 | 0.0% | 0.4% | 0.0% | |||||
| Malta | (3) | 696 | 0.0% | 3.1% | 0.0% | |||||
| Netherlands* | 157,039 | -6.8% | 13.8% | 6.3% | ||||||
| Poland* | (1) | 110,233 | 4.7% | 13.1% | 4.4% | |||||
| Portugal* | 45,694 | 3.4% | 18.9% | 1.8% | ||||||
| Romania | (1)/(2) | 9,356 | 8.0% | 2.6% | 0.4% | |||||
| Slovakia | (3) | 3,086 | 5.9% | 2.4% | 0.1% | |||||
| Slovenia | (2) | 2,700 | 8.0% | 4.0% | 0.1% | |||||
| Spain* | 266,652 | -1.4% | 16.7% | 10.7% | ||||||
| Sweden | (3) | 21,473 | 0.0% | 3.8% | 0.9% | |||||
| EU Total Turnover | (1)/(2)/(3) | 2,075,537 | 1.1% | 11.6% | 83,6% | |||||
| EUF Members (*) | (1) | 1,943,030 | 1.0% | 12.7% | 78.2% | |||||
| Norway * | (1) | 26,965 | 7.6% | 6.0% | 1.1% | |||||
| Switzerland | (3) | 593 | 356.5% | 0.1% | 0.1% | |||||
| United Kingdom* | (1) | -0.7% | -0.7% | 12.2% | 15.2% | |||||
| European Countries | (1)/(2)/(3) | 2,483,188 | 1.0% | 12,3% | 100,0% | |||||
| EUF Members or Partners (*) | (1) | 2,347,973 | 0.8% | 12.4% | 94.7% | |||||
** on the basis of data provided by members and/or Eurostat
Notes:
- Pct variation has been corrected in order to avoid biases due to exchange rates fluctuation.
- Estimates on the basis of available information
- Estimates of the turnover - the previous year's turnover implemented
Source: EUF Members, FCI, Eurostat, ONS (GDP values in current market prices)