Skip to main content

Annual Factoring Data

Factoring turnover in Europe

The total turnover for the factoring and commercial finance industry across the Europe in 2022 was over 2 Trillion Euros. EUF Members represented 94.8% of the turnover in the Europe with the top five countries making up nearly 71.4% of the total market. The factoring industry turnover represented 12.3% of Europe GDP in 2022.

Total Factoring Volume in Europe in 2022

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 2007-2022 (in Millions of €)

Turnover volumes by country in 2022 (Millions of €)

31 December 2022NotesTotal Turnover pct var. on the previous year
(Total)
  GDP Penetration European Market Share
Austria*35.88417,8%8,0%1,5%
Belgium*124.16625,0%22,5%5,2%
Bulgaria(1)/(2)6.50052,1%7,7%0,3%
Croatia*(1)1.36511,3%2,0%0,1%
Cyprus(2)3.60012,5%13,3%0,2%
Czech Rep*(1)11.85722,0%4,3%0,5%
Denmark*(1)25.53216,4%6,8%1,1%
Estonia(3)3.9000,0%10,8%0,2%
Finland(3)28.0000,0%10,5%1,2%
France*421.50015,5%15,9%17,7%
Germany*372.92320,5%9,7%15,6%
Greece*23.50733,1%11,3%1,0%
Hungary(1)/(2)12.03922,5%7,1%0,5%
Ireland(3)28.6170,0%5,7%1,2%
Italy*296.10614,6%15,5%12,4%
Latvia(2)92011,8%2,4%0,0%
Lithuania(2)5.50071,9%8,2%0,2%
Luxemburg(3)3390,0%0,4%0,0%
Malta(3)6960,0%4,1%0,0%
Netherlands*163.66324,0%17,4%6,9%
Poland*(1)98.20126,2%15,0%4,1%
Portugal*42.07822,0%17,6%1,8%
Romania(1)/(2)7.84731,0%2,7%0,3%
Slovakia(2)2.91428,8%2,7%0,1%
Slovenia(2)2.1909,5%3,7%0,1%
Spain*257.63629,2%19,4%10,8%
Sweden(3)          21.4730,0%3,9%0,9%
EU Total Turnover(1)/(2)/(3)1.998.953 19,6%  12,6% 83,8%
EUF Members  (*)(1)1.874.418 20,4%  13,9% 78,6%
Norway *(1)30.91410,0%5,6%1,3%
Switzerland(3)5930,0%0,1%0,0%
United Kingdom*(1)353.539 13,6%  12,3% 14,8%
European Countries(1)/(2)/(3)2.383.999 18,5%  12,3% 100,0%
EUF Members or Partners (*)(1)    
2.258.871
 19,2%  13,9% 94,8%

** on the basis of data provided by members and/or Eurostat

Notes:

  1. Pct variation has been corrected in order to avoid biases due to exchange rates fluctuation.
  2. Estimates on the basis of available information
  3. Estimates of the turnover - the previous year's turnover implemented

Source: EUF Members, FCI, Eurostat, ONS (GDP values in current market prices)