This statistic shows the total factoring volume in Luxembourg from 2007 to 2019 (in million euros). Factoring is a transaction in which a business sells its accounts receivable (also known as invoices), to a third-party financial company (called a factor). The factor then collects payment on those invoices from the business’s customers. The main reason that companies choose to factor is that they want to receive cash quickly, so they can meet their immediate cash needs, rather than waiting the 30 to 60 days it often takes for customers to pay their bills.
In 2019, the total factoring volume in Luxembourg reached 339 million euros. Factoring is less common in Luxembourg than, for example, in Belgium. In 2017, the total market volume of online alternative finance platforms in Belgium reached a value of approximately 91 million euros.
Total factoring volume in Luxembourg from 2007 to 2019
(in million euros)
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FCI. (March 10, 2020). Total factoring volume in Luxembourg from 2007 to 2019 (in million euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/
FCI. "Total factoring volume in Luxembourg from 2007 to 2019 (in million euros)." Chart. March 10, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/
FCI. (2020). Total factoring volume in Luxembourg from 2007 to 2019 (in million euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/
FCI. "Total Factoring Volume in Luxembourg from 2007 to 2019 (in Million Euros)." Statista, Statista Inc., 10 Mar 2020, https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/
FCI, Total factoring volume in Luxembourg from 2007 to 2019 (in million euros) Statista, https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/ (last visited November 21, 2024)
Total factoring volume in Luxembourg from 2007 to 2019 (in million euros) [Graph], FCI, March 10, 2020. [Online]. Available: https://www.statista.com/statistics/785868/factoring-volume-in-luxembourg/
