Payment Periods in Europe - Euler Hermes

Economic Outlook n° 1182 | Special Dossier | Payment periods
Euler Hermes
Annexe III
▶ Detailed data, by country
Germany Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 30 21.6 8.3
2001 27.3 19.7 -9% -8.9% 7.6
2002 26.6 19.2 -2.4% -2.6% 7.4
2003 26.1 19.0 -1.8% -0.8% 7.1
2004 25.5 18.9 -2.2% -0.8% 6.7
2005 25.3 18.7 -1% -0.9% 6.6
2006 25.4 18 0.5% -3.8% 7.4
2007 25.2 18.5 -0.8% 2.6% 6.7
2008 22.6 16.7 -10.2% -9.5% 5.9
2009 23.4 17.1 3.6% 2.5% 6.3
2010 23.7 18.5 1% 7.9% 5.2
2011 23.5 18.5 -1% 0% 5
2012 23.3 18.5 -0.5% 0% 4.9
2013 23.1 18.5 -1% 0% 4.6
Poland Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2005 45.4 45.3 0.1
2006 45.6 44.6 0.4% -1.4% 0.9
2007 44.5 43.7 -2.3% -2.2% 0.9
2008 43.7 43.3 -1.8% -0.9% 0.4
2009 44.3 44.1 1.3% 2.0% 0.1
2010 45.3 44.9 2.3% 1.8% 0.4
2011 44.1 43.3 -2.7% -3.7% 0.8
2012 43.2 42.3 -2.0% -2.3% 0.9
2013 42.1 41.1 -2.5% -2.7% 1
France Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 68.0 58.3 9.6
2001 64.5 56.2 -5.1% -3.6% 8.3
2002 63.2 55.1 -2.0% -2.0% 8.1
2003 62.4 54.3 -1.2% -1.5% 8.2
2004 61.2 54.0 -2.0% -0.6% 7.2
2005 63.3 55.3 3.4% 2.5% 8
2006 63.4 55.5 0.3% 0.3% 8
2007 63.2 55.8 -0.3% 0.7% 7.4
2008 63.1 53.2 -0.2% -4.7% 9.9
2009 60.7 51.1 -3.7% -4.1% 9.7
2010 61.4 52.4 1.1% 2.6% 9
2011 62 53.2 0.9% 1.6% 8.7
2012 62.3 53.2 0.5% 0% 9
2013 62.9 53.8 1% 1% 9.1
Belgium Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 69.8 56.9 12.9
2001 67.3 54.4 -3.6% -4.3% 12.8
2002 64 43.7 -4.8% -19.6% 20.3
2003 67,8 53.8 5.9% 23.1% 13.9
2004 72.1 58.2 6.5% 8.1% 13.9
2005 65.9 53.5 -8.6% -8.1% 12.4
2006 64.3 51.8 -2.5% -3.2% 12.5
2007 65.5 51.8 2% 0% 13.7
2008 60.7 47.3 -7.3% -8.7% 13.4
2009 64.8 51.8 6.7% 9.4% 13
2010 63.2 52.2 -2.5% 0.9% 11
2011 61.6 50.7 -2.5% -2.9% 10.9
2012 61.6 50.7 0% 0% 10.9
2013 60.7 49.8 -1.5% -1.8% 10.9
Spain Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 69.6 64.2 5.3
2001 69.5 64.2 -0.1% 0% 5.3
2002 70.6 64.6 1.5% 0.7% 5.9
2003 69.2 64.7 -1.9% 0.1% 4.5
2004 69.8 64.8 0.8% 0.2% 4.9
2005 71.2 67.0 2% 3.3% 4.2
2006 71.5 67.4 0.4% 0.6% 4.1
2007 73.5 69.5 2.9% 3.1% 4
2008 70.6 66.9 -3.9% -3.8% 3.8
2009 80.9 75.3 14.6% 12.6% 5.6
2010 79.0 75.3 -2.4% 0% 3.6
2011 78.3 74.8 -0.9% -0.8% 3.5
2012 80.2 76.3 2.5% 2% 4
2013 80.6 76.6 0.5% 0.5% 4
Italy Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 105.9 85.7 20.2
2001 102.7 81.9 -3% -4.5% 20.8
2002 106.1 83.3 3.3% 1.8% 22.8
2003 105.2 82.6 -0.9% -0.9% 22.6
2004 102.4 82.2 -2.7% -0.5% 20.2
2005 104.5 83.8 2.1% 2% 20.7
2006 102.8 81.2 -1.7% -3.2% 21.6
2007 100.8 80.8 -1.9% -0.5% 20
2008 99.6 77.2 -1.2% -4.4% 22.4
2009 106.8 82.5 7.2% 6.9% 24.2
2010 105.9 82.3 -0.8% -0.3% 23.7
2011 105.3 81.8 -0.6% -0.5% 23.5
2012 107.4 83.5 2% 2% 24
2013 107.4 83.5 0% 0% 24
Portugal Client Supplier Client Supplier Cash flow
payment payment payment period payment period tension
period period growth indicator growth indicator indicator
2000 68.3 51.6 16.7
2001 71.4 53.8 4.6% 4.4% 17.6
2002 69.6 53.7 -2.6% -0.2% 15.9
2003 70.9 55.3 1.8% 3% 15.5
2004 70.1 55.4 -1% 0.1% 14.7
2005 69.0 54.8 -1.6% -1.2% 14.2
2006 76.4 64.4 10.8% 17.6% 12.0
2007 76.8 64.8 0.4% 0.6% 12.0
2008 72.7 61 -5.3% -5.8% 11.7
2009 79.8 65.3 9.8% 6.9% 14.6
2010 81.7 66.3 2.3% 1.6% 15.4
2011 82.3 66 0.8% -0.4% 16.3
2012 83.6 65.4 1.5% -1.0% 18.2
2013 83.6 65.4 0% 0% 18.2
Source: Euler Hermes
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