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Country Snapshots White Paper 2023

The Country Snapshots White Paper comes as an additional publication to the European Payment Report 2023 and was previously included in the full report. The White Paper provides valuable insights into payment behavior on a national level, based on data from of extensive research among more than 10,000 companies in 29 European countries.

Late payments vary significantly across Europe

The average payment gap for businesses in Europe has increased. Countries like Austria reported a 10-day gap in payment terms for consumers, while in Norway, the public sector saw a gap as high as 21 days. This variation highlights the growing financial pressure businesses face across regions.

Inflation's impact on timely payments

Rising inflation remains a key concern, with 70% of Austrian businesses stating that inflation affects their ability to receive payments on time, compared to the European average of 59%. In contrast, inflationary effects are less severe in countries like Belgium, where businesses are better insulated due to wage indexation.

Sustainability linked to faster payments

Across Europe, businesses increasingly view prompt payments as a critical part of their sustainability efforts. In Bulgaria, 72% of businesses link timely payments to supplier trust, reflecting the importance of faster payments for maintaining both financial health and sustainable business practices.


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