A comparative analysis of the US and EU retail banking markets - Wsbi
A comparative analysis of the US and EU retail banking markets - Wsbi
A comparative analysis of the US and EU retail banking markets - Wsbi
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Table 20: Evolution <strong>of</strong> onsumer credit in <strong>the</strong> <strong>EU</strong>, as a percentage <strong>of</strong> GDP, 1998-2004<br />
Annual growth rate<br />
1998 1999 2000 2001 2002 2003 2004 (2000-2004)<br />
Germany 11% 11% 11% 11% 10% 11% 11% 0%<br />
United Kingdom 12% 13% 13% 14% 15% 15% 15% 3%<br />
Ne<strong>the</strong>rl<strong>and</strong>s 3% 3% 3% 3% 4% 4% 5% 9%<br />
France 6% 7% 7% 7% 7% 7% 7% 1%<br />
Spain 7% 8% 8% 7% 7% 7% 7% -1%<br />
Denmark 7% 7% 7% 7% 7% 7% 7% -2%<br />
Italy 3% 3% 3% 3% 4% 4% 5% 9%<br />
Sweden 10% 11% 11% 12% 12% 12% 12% 2%<br />
Belgium 5% 5% 5% 5% 5% 5% 5% -1%<br />
Austria 8% 8% 11% 11% 10% 9% 10% -3%<br />
Portugal 6% 6% 7% 7% 6% 7% 7% -1%<br />
Irel<strong>and</strong> 6% 8% 8% 8% 8% 8% 10% 8%<br />
Finl<strong>and</strong> 3% 3% 2% 5% 5% 5% 5% 22%<br />
Greece n.a. n.a. 4% 6% 7% 8% 10% 23%<br />
Luxembourg 4% 6% 6% 5% 5% 4% 4% -9%<br />
<strong>EU</strong>-15 n.a. n.a. 8% 9% 9% 9% 9% 2%<br />
Source: ESBG calculations based on data from <strong>EU</strong> National Banks, Eurostat (for <strong>the</strong> GDP) <strong>and</strong> DG BUDG (for <strong>the</strong> euro exchange rate).<br />
Table 21: Evolution <strong>of</strong> average consumer credit per capita, 1998-2004 (in €)<br />
Annual growth rate<br />
1998 1999 2000 2001 2002 2003 2004 (2000-2004)<br />
Germany 2,635 2,625 2,706 2,698 2,718 2,798 3,897 10%<br />
United Kingdom 2,461 3,070 3,500 3,739 4,045 3,938 4,276 5%<br />
Ne<strong>the</strong>rl<strong>and</strong>s 778 810 865 863 1,152 1,257 1,381 12%<br />
France 1,382 1,544 1,657 1,736 1,773 1,848 1,923 4%<br />
Spain 923 1,084 1,201 1,193 1,293 1,316 1,467 5%<br />
Denmark 2,043 2,122 2,336 2,281 2,206 2,286 2,418 1%<br />
Italy 477 568 651 723 789 886 1,045 13%<br />
Sweden 2,501 2,969 3,360 3,265 3,560 3,602 3,824 3%<br />
Belgium 1,095 1,168 1,241 1,283 1,304 1,320 1,350 2%<br />
Austria 1,855 2,065 2,983 2,890 2,733 2,532 2,883 -1%<br />
Portugal 610 664 797 782 756 830 860 2%<br />
Irel<strong>and</strong> 1,350 1,803 2,022 2,385 2,639 2,813 3,591 15%<br />
Finl<strong>and</strong> 635 583 603 1,229 1,288 1,403 1,538 26%<br />
Greece n.a. n.a. 504 716 886 1,088 1,537 32%<br />
Luxembourg 1,638 2,648 2,895 2,693 2,617 2,378 2,322 -5%<br />
<strong>EU</strong>-15 n.a. n.a. 1,945 2,017 2,117 2,157 2,321 5%<br />
Source: ESBG calculations based on information from National Banks (see Table 2) <strong>and</strong> Eurostat for <strong>the</strong> population.<br />
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