GITNUX MARKETDATA REPORT 2024

Payment Duration Statistics

A summary statistic of payment duration data typically calculated as the mean, median, or mode of the distribution.

Statistic 1

"In 2019, about 40% of all business-to-business (B2B) invoices in Western Europe were paid late."

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Statistic 2

"In the US, extended payment terms are becoming more popular, with around 47% of buyers said to have extended their payment duration in the past three years."

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Statistic 3

"As of 2019, half of all companies in Europe experienced an increase in late payments."

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Statistic 4

"Around 2.21% of global PayPal transactions are classified as fraudulent."

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Statistic 5

"Mobile wallet payment transaction values reached $6.1 trillion in 2020 in China alone."

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Statistic 6

"On average, two out of five businesses worldwide reported they were paid late by their customers in 2019."

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Statistic 7

"In 2019, about one-third of invoices in Asia were paid late."

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Statistic 8

"The average payment term in the construction sector in the Netherlands is 41 days."

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Statistic 9

"52% of companies worldwide reported late payments from customers in 2019."

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Statistic 10

"In Spain, 50% of the total value of the B2B receivables remained unpaid after the due date in 2018."

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Statistic 11

"The number of days businesses in Germany need to wait to get paid has declined, from 41.1 days in 2016 to 40.7 days in 2018."

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Statistic 12

"In Brazil, 47.9% of credit card users carried a balance and were charged interest in February 2021."

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Statistic 13

"In China, the average payment term is between 90 and 120 days."

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Statistic 14

"In India in 2019, enterprises take an average of 44 days to clear their dues."

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Statistic 15

"In 2019, businesses in Austria had the shortest payment duration in the DACH region at 32 days."

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Statistic 16

"France saw a significant increase in average payment terms in 2018, extending them from 60 days to 75 days."

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Statistic 17

"In Australia, as of 2019, invoices are paid on average 11 days late."

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