Western & Central Europe Of the nineteen countries whose data PPRO draws on for this report, twelve are eurozone members. In recognition of this, much of the focus in this introductory text is on the eurozone. However, we’ve also considered the UK as a whole and examined the situation of non-EU members, such as Britain and Norway. In 2020, the EU suffered a 6% contraction of its GDP, the eurozone 6.5%. In 2021, the EU and eurozone economies are both forecast to grow by 4.8%. The story in the UK is broadly similar, with a contraction of 9.8% in 2020 followed by predicted growth of 7.2% in 2021. It’s worth noting that EU and UK figures are not directly comparable. When measuring the contribution of public-sector activities to the GDP, the UK’s Office For National Statistics takes output into account, such as hours spent teaching, surgical operations performed and so on. Other Western European countries measure public-sector activity based on how many employees are being paid. Payments and e-commerce report Download report Western & Central Europe E-commerce % of total retail 17.6 E-commerce completed on a mobile device 43 World E-commerce % of total retail 20 E-commerce completed on a mobile device 53 Card-based payments Cash-based payments Bank Transfer Wallets Other E-commerce market size ($USD billion) Western and Central Europe 768 World 4269 E-Commerce spending per capita ($USD) Western and Central Europe 1936 World 1080 Select a region Asia Pacific Eastern Europe & the CIS Middle East & Africa North America South & Central America Western & Central Europe Select a country Afghanistan Albania Algeria Angola Argentina Armenia Australia Austria Azerbaijan Bahrain Bangladesh Belarus Belgium Belize Benin Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Central African Republic Chad Chile China Colombia Comoros Congo, Dem. Rep. Congo, Rep. Costa Rica Cote d’Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominican Republic Ecuador Egypt El Salvador Estonia Ethiopia Finland France Gabon Gambia Georgia Germany Ghana Greece Guatemala Guinea Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyz Republic Lao PDR Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Madagascar Malawi Malaysia Mali Malta Mauritania Mauritius Mexico Moldova Monaco Mongolia Montenegro Morocco Mozambique Myanmar Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria North Macedonia Norway Oman Pakistan Palestine Panama Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Romania Russia Rwanda San Marino Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Somalia South Africa South Korea Spain Sri Lanka Sudan Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania Thailand Togo Trinidad and Tobago Tunisia Turkey Turkmenistan Uganda Ukraine United Arab Emirates United Kingdom United States Uzbekistan Venezuela Vietnam Yemen Zambia Zimbabwe Population 508m Population 15 + 431m Online Population 461m GDP ($US billion) 19,452bn USD GDP per capita ($US) 38,267 USD Card-based payments Cash-based payments Bank transfer Wallets Other Banked population Western & Central Europe 94% World 67% Internet penetration Western & Central Europe 91% World 62% Credit card penetration Western & Central Europe 46% World 19% Smartphone penetration Western & Central Europe 75% World 70% E-commerce % of total retail Western & Central Europe 17.6% World 20% E-commerce completed on a mobile device Western & Central Europe 43% World 53% E-commerce market size ($US billion) 768bn USD E-commerce spending per capita ($US) 1,936 USD Bancontact Type Local payment card Regions Western & Central Europe Market relevance High BitPay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 BLIK Type Wallet Regions Western & Central Europe Market relevance High eps Type Bank transfer Regions Western & Central Europe Market relevance High giropay Type Bank transfer Regions Western & Central Europe Market relevance High Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Load more Your email By ticking this box and submitting your email, you agree to the storage and handling of your data by PPRO in accordance with our Privacy Policy. 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