Factoring and commercial finance companies provide businesses with financing to enable companies to meet day-to-day expenses including payments to suppliers, salaries, rent and rates. In the European Union (EU), the total turnover of factoring and commercial finance has increased annually between 2010 and 2019, before dropping in 2020. In 2020, the total turnover amounted to approximately 1.78 trillion euros, a decrease of about 125 million euros from the previous year.
Total turnover value of factoring and commercial finance in European Union from 2010 to 2021
(in billion euros)
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EUF. (June 22, 2022). Total turnover value of factoring and commercial finance in European Union from 2010 to 2021 (in billion euros) [Graph]. In Statista. Retrieved July 05, 2022, from https://www.statista.com/statistics/1119438/total-turnover-of-factoring-and-commercial-finance-in-europe/
EUF. "Total turnover value of factoring and commercial finance in European Union from 2010 to 2021 (in billion euros)." Chart. June 22, 2022. Statista. Accessed July 05, 2022. https://www.statista.com/statistics/1119438/total-turnover-of-factoring-and-commercial-finance-in-europe/
EUF. (2022). Total turnover value of factoring and commercial finance in European Union from 2010 to 2021 (in billion euros). Statista. Statista Inc.. Accessed: July 05, 2022. https://www.statista.com/statistics/1119438/total-turnover-of-factoring-and-commercial-finance-in-europe/
EUF. "Total Turnover Value of Factoring and Commercial Finance in European Union from 2010 to 2021 (in Billion Euros)." Statista, Statista Inc., 22 Jun 2022, https://www.statista.com/statistics/1119438/total-turnover-of-factoring-and-commercial-finance-in-europe/
EUF, Total turnover value of factoring and commercial finance in European Union from 2010 to 2021 (in billion euros) Statista, https://www.statista.com/statistics/1119438/total-turnover-of-factoring-and-commercial-finance-in-europe/ (last visited July 05, 2022)
