According to a survey conducted among European banks in the third quarter of 2023, the ************* of respondents declared to expect rising interest rates to have a ******** impact on their bank. Only *** percent of the respondents thought that rising central banks' interest rates would have a rather ******** impact on their banks' profitability in the next six to twelve months.

According to a survey conducted among European banking analysts in the first quarter of 2022, respondents declared to expect rising interest rates to have a short-term positive impact on their bank. In particular, ** percent of respondents expected that increases in net interest margin would benefit Europea's banks profitability.

The return on equity (ROE) of European banking sectors showed significant disparities in the last quarter of 2024, with Romania leading at **** percent and Liechtenstein trailing at *** percent. This wide range reflects the diverse financial landscapes across the continent, influenced by factors such as market conditions, regulatory environments, and economic stability. While ROE is a crucial indicator of banking efficiency, it's important to consider it alongside other metrics for a comprehensive view of the industry's health. Digital transformation reshaping European banking The banking sector in Europe is undergoing a digital revolution, with online banking penetration reaching impressive levels. In 2024, Denmark lead with a ***** percent penetration rate, closely followed by Norway at **** percent. This shift towards digital banking is not only changing how traditional banks operate but also paving the way for the rise of digital-only banks. Neobanks like Revolut have seen rapid growth, with the UK-based fintech reaching ** million users by November 2024, highlighting the increasing consumer preference for digital financial services. Consolidation and asset growth in European banking Despite the high number of banks operating in Europe, with ***** institutions in the EU as of December 2024, the industry is dominated by a few large players. In 2023, HSBC Holdings lead European banks with total assets exceeding *** trillion U.S. dollars in 2023, followed closely by BNP Paribas SA with over *** trillion U.S. dollars. This concentration of assets among top banks, coupled with the ongoing digital transformation, suggests a trend towards consolidation in the European banking sector, potentially impacting future ROE figures across the continent.

The net interest income of a bank is the difference between the amount of interest the bank earns from its loans and investments, and the amount of interest the bank pays on its depositors' accounts and its borrowing. Simply put, it's the profit a bank makes from lending money. During economic downturns and recessions, there is generally a decrease in the demand for loans, leading to lower interest earnings for the banks. This was the case, for instance, after the global financial crisis in *********. Another decrease in the interest income of the leading European banks took place during and after the euro area recession in 2012. The next economic contraction, that was caused by COVID-19 in 2020, did not influence the net interest income of the observed banks drastically, although there was a slight decrease between 2020 and 2021 at three out of the four observed banks. In 2022, all observed banks saw an increase in the net interest income.

European banks showed varied levels of operational efficiency, with Portugal leading the pack in last quarter of 2024. The cost-to-income ratio (CIR), a key indicator of bank profitability, reveals significant disparities across EU countries. In the fourth quarter of 2024, Portugal's banking sector boasted the lowest CIR at **** percent, followed closely by Bulgaria and Greece, indicating their high operational efficiency. In contrast, Liechtenstein, France, and Germany faced challenges with higher CIRs, suggesting room for improvement in their banking operations. Similar differences can also be observed at the individual bank level, where some of the largest European banks reported CIRs well above ** percent in 2024. Recent trends in the EU banking sector The European Union's banking industry has experienced notable fluctuations in recent years, which was reflected in the EU's aggregate cost-to-income ratio. In the first quarter of 2020, the COVID-19 pandemic caused the CIR to spike to ***** percent, the highest in recent history. However, the sector has since rebounded, with the CIR stabilizing around ** percent throughout 2024. This improvement coincides with a significant increase in total operating income, which reached ****** billion euros in 2023, up from a low of ****** billion euros in 2020. Profitability and growth outlook Despite challenges, the EU banking sector has shown resilience and growth. The operating income growth rate reached approximately ** percent in 2023, the highest in the observed period. This positive trend is particularly noteworthy following the substantial decline in income growth during the 2020 pandemic-induced economic contraction. As banks continue to adapt to changing economic conditions, their ability to maintain low CIRs while increasing operating income will be crucial for sustained profitability and stability in the European financial landscape.

The Monetary Intermediation industry has experienced a significant change in recent years. It previously contended with the ultra-low interest rate environment following the financial crisis of 2008 and is now benefitting from aggressive rate rises in the face of spiralling inflation. Industry revenue is expected to grow at a compound annual rate of 12.2% over the five years through 2024 to €392.4 billion, including an estimated growth of 3.7% in 2024, while the average industry profit margin is anticipated to be 34.3%. The rising base rate environment allowed lenders to raise the interest charged on their loans, ratcheting up interest income in the two years through 2023 and supporting revenue growth. This was particularly beneficial to retail investors who earn a large chunk of their revenue from lending. However, banks must also contend with rising deposit costs, as customers put pressure to pass on greater savings rates in the rising base rate environment, threatening profitability. Revenue is expected to grow at a compound annual rate of 1.2% over the five years through 2029 to €415.5 billion, while the average industry profit margin is forecast to reach 36.3%. Challenger banks are set to chip away at demand for traditional lenders as they emphasise the customer experience and personalised services. Profitability will also be hit by intensifying deposit competition in the coming years.

Europe Banking as a service market size is USD 1674.36 million in 2024 and will expand at a compound annual growth rate (CAGR) of 26.5% from 2024 to 2031.

Auxiliary financial services providers play a vital role in supporting the financial sector by offering a range of complementary services like financial exchanges and brokerage. The industry's performance is heavily influenced by market dynamics, regulatory changes and technological advancements, which shape customer preferences and operational strategies. Recent years have seen a significant shift towards digitalisation, enhancing the customer experience and driving growth in online platforms. Revenue is expected to fall at a compound annual rate of 0.2% over the five years through 2024 to €317.5 billion, including an estimated decline of 0.1% in 2024. In the current landscape, European financial institutions are leveraging digital transformation to revolutionise customer interactions and improve service offerings, as well as improve their profitability. Banks have witnessed a surge in online banking adoption, with mobile apps becoming a key channel for customer engagement. However, regulatory changes like MiFID II have driven greater transparency in brokerage services, hitting the revenue streams of smaller brokers. European exchanges have also faced fierce competition from more attractive markets in the US in recent years, with major European-based companies like Arm opting to list on the New York Stock Exchange, where they’re more likely to receive higher valuations. Revenue is expected to grow at a compound annual rate of 1.3% over the five years through 2029 to €339.1 billion. Looking ahead, the industry is poised for further evolution, with trends like the rise of robo-advisers reshaping investment advisory services and the expansion of sustainable investing opportunities gaining momentum. Countries across Europe will continue embracing technological innovations and integrating ESG criteria into their investment practices to meet growing demand for personalised and socially responsible financial solutions. However, regulatory shifts will continue to influence revenue volatility, emphasising the importance of strategic risk management and agile business practices in navigating uncertainties and ensuring long-term success within the market.

Europe Neo and Challenger Bank market will be USD 35875.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 46.7% from 2024 to 2031. Advanced security protocols to protect against data breaches and fraud are expected to aid sales to USD 533248.4 million by 2031

European Union ECB: Liabilities: Profit for the year data was reported at 1,575.000 EUR mn in 2018. This records an increase from the previous number of 1,274.762 EUR mn for 2017. European Union ECB: Liabilities: Profit for the year data is updated yearly, averaging 995.007 EUR mn from Dec 1998 (Median) to 2018, with 21 observations. The data reached an all-time high of 2,253.186 EUR mn in 2009 and a record low of 0.000 EUR mn in 2007. European Union ECB: Liabilities: Profit for the year data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s European Union – Table EU.KB023: European Central Bank: Central Bank: Balance Sheet.

As Europe goes digital, demand for banking as a service platform is poised to grow at 15.0% CAGR during the next decade. More and more Europeans are using smartphones and online platforms for everyday tasks, creating demand for financial services that are seamlessly integrated into their digital lives.

Attributes	Key Insights
Base Value in 2023	US$ 7,868.82 million
Sales Value in 2024	US$ 8,913.30 million
Industry Revenue in 2034	US$ 36,097.05 million
Value CAGR (2024 to 2034)	15.0%

Country-wise Insights

Countries	Value CAGR
United Kingdom	17.9%
France	17.2%
Germany	15.1%
Russia	16.3%
Spain	14.4%

Category-wise Insights

Solution	Value CAGR
Banking as a Service Platform	14.8%
Banking as a Service APIs	16.0%
Services	13.6%

Enterprise Size	Value CAGR
Small Offices (1 to 9 employees)	12.3%
Small Enterprises (10 to 99 employees)	13.1%
Medium-sized Enterprise (100 to 499 employees)	17.6%
Large Enterprises (500 to 999 employees)	15.9%
Very Large Enterprises (1,000+ employees)	14.5%

End-user	Value CAGR
Banks	15.0%
FinTech Corporations	18.0%
Investment Firms	14.1%
Enterprises	15.5%
Other End Users	9.0%

The cost-to-income ratio (CIR) is a vital financial metric for evaluating bank efficiency, representing operational costs as a percentage of income. A lower CIR indicates higher profitability for a bank or banking sector. The European Union's banking industry experienced significant CIR fluctuations in recent years. In the first quarter of 2020, the COVID-19 pandemic triggered a peak CIR of 73.29 percent, the highest in the observed period, reflecting widespread economic disruption. As the EU economy stabilized in 2021, the banking sector saw marked improvement, with the CIR decreasing substantially. Throughout 2023, the CIR stabilized around 53 percent, indicating a return to more efficient operations. However, the last quarter of 2023 saw a slight increase to 53.7 percent, suggesting minor efficiency challenges. In the first three quarters of 2024, the ratio decreased slightly, standing, before rising to 53.89 percent in the last quarter.

European Union DS: Long-Term: Households&Non Profit Inst Serving Households(NPISH) data was reported at 13.154 EUR mn in Mar 2025. This records an increase from the previous number of 13.058 EUR mn for Feb 2025. European Union DS: Long-Term: Households&Non Profit Inst Serving Households(NPISH) data is updated monthly, averaging 11.185 EUR mn from Dec 2020 (Median) to Mar 2025, with 52 observations. The data reached an all-time high of 13.594 EUR mn in Aug 2024 and a record low of 9.885 EUR mn in Sep 2021. European Union DS: Long-Term: Households&Non Profit Inst Serving Households(NPISH) data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s European Union – Table EU.Z002: European Central Bank: Debt Securities: World Aggregates: Outstandings: Market Value.

Continued consolidation of the US banking industry and a general increase in the size of banks have prompted some policymakers to consider policies that discourage banks from getting larger, including explicit caps on bank size. However, limits on the size of banks could entail economic costs if they prevent banks from achieving economies of scale. This paper presents new estimates of returns to scale for US banks based on nonparametric, local-linear estimation of bank cost, revenue, and profit functions. We report estimates for both 2006 and 2015 to compare returns to scale some 7 years after the financial crisis and 5 years after enactment of the Dodd-Frank Act with returns to scale before the crisis. We find that a high percentage of banks faced increasing returns to scale in cost in both years, including most of the 10 largest bank holding companies. Also, while returns to scale in revenue and profit vary more across banks, we find evidence that the largest four banks operate under increasing returns to scale.

According to Cognitive Market Research, the global Mobile Banking market size will be USD 1624.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 649.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 487.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 373.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 81.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 32.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.
The digital payment solutions category is the fastest growing segment of the Mobile Banking industry

Market Dynamics of Mobile Banking Market

Key Drivers for Mobile Banking Market

Increasing smartphone use drives mobile banking adoption to Boost Market Growth

The increasing affordability and widespread availability of smartphones globally provide more people with access to mobile banking services. This facilitates financial inclusion, particularly in emerging economies. Mobile banking apps offer users the convenience of 24/7 access to banking services, eliminating the need to visit physical branches. This drives higher adoption among tech-savvy and time-conscious consumers. Limited digital literacy and lack of access to smartphones in rural or underdeveloped areas hinder the full potential of mobile banking adoption.

Customers seek seamless, anytime, anywhere financial transactions

The demand for seamless, anytime, anywhere financial transactions is driven by the proliferation of digital banking, the rise of e-commerce, and increasing smartphone penetration. Customers expect instant, secure, and convenient services, pushing financial institutions to adopt advanced technologies like AI, blockchain, and cloud computing. Enhanced customer experiences through real-time payments, 24/7 access, and cross-border capabilities are critical. Regulatory support and fintech innovation further accelerate this trend, ensuring that financial services remain adaptive to customer-centric, on-the-go lifestyles.

Restraint Factor for the Mobile Banking Market

Fear of data breaches and fraud reduces adoption

Fear of fraud and data breaches is a major market barrier that is preventing adoption, especially in industries that handle sensitive data. Businesses are concerned about possible cyberattacks since they have the potential to undermine consumer confidence and cause large financial and reputational losses. The adoption of digital solutions is slowed by this fear, particularly in sectors like e-commerce, healthcare, and finance. Furthermore, these issues are made worse by the absence of strong security frameworks and the rising expense of putting advanced cybersecurity measures in place, which restricts the widespread integration of digital technology.

Impact of Covid-19 on the Mobile Banking Market

The COVID-19 pandemic significantly accelerated the adoption of mobile banking, driven by the need for contactless transactions and limited access to physical bank branches. It boosted digital transformation as financial institutions prioritized mobile app enhancements and cybersecurity to meet rising user demand. However, the crisis also exposed digital divides, with underserved populations facing barriers to adoption. Regulatory support and innovation during this period helped reshape consumer behaviour, solidifying mobile banking as a critical component of modern financial services. Introduction of the Mobile Banking Market

The mobile banking market is a rapidly evolving sector driven by the proliferation of smartphones, widespread internet connectivity, and advancements in digital technology. It enables users to perform financial transactions such as fund transfers, bill payments, and account management through mobile apps, offering convenience, spe...

According to Cognitive Market Research, the global banking as a service market size is USD 5581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 28.00% from 2024 to 2031.

North America held the major market of around 40% of the global revenue with a market size of USD 2232.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 26.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 1674.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1283.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 30.0% from 2024 to 2031.
Latin America market of around 5% of the global revenue with a market size of USD 279.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 111.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.7% from 2024 to 2031.
The small & medium enterprises held the highest growth rate in banking as a service market in 2024.

Market Dynamics of Banking as a Service Market

Key Drivers of Banking as a Service Market

Continuous Advancements in Technology to Increase Sales Globally

Continuous advancements in technology play a pivotal role in increasing sales globally across various industries, including Banking as a Service (BaaS). Innovations such as artificial intelligence, machine learning, block chain, and Internet of Things (IoT) are revolutionizing the way financial services are delivered and consumed. In the BaaS market, these technologies enable the development of more sophisticated APIs, cloud-based solutions, and advanced analytics tools, enhancing the capabilities and scalability of banking platforms. Additionally, advancements in cyber security technologies help address concerns around data protection and privacy, fostering trust among customers and businesses alike. Furthermore, on-going technological progress drives down costs, making BaaS solutions more accessible to a wider range of enterprises, including small and medium-sized businesses. As technology continues to evolve, the global sales of BaaS are poised to experience significant growth, driven by the increasing demand for innovative and integrated banking solutions.

Increasing Demand for Seamless Integration in Banking to Propel the Market

The increasing demand for seamless integration in banking is a significant driver propelling the market forward. Customers today expect effortless access to banking services across various platforms and devices. This demand is further fuelled by the rise of digital banking and the proliferation of fin-tech solutions. Seamless integration allows banks and financial institutions to provide a unified and consistent user experience, regardless of the channel or touch point. As a result, there is a growing emphasis on developing open banking APIs and cloud-based solutions that enable easy integration with third-party applications and services. This trend not only enhances customer satisfaction but also fosters innovation and competition within the industry. Moreover, seamless integration reduces operational complexities and costs for banks, making it a strategic imperative in today's highly competitive market landscape. As such, the increasing demand for seamless integration is expected to drive significant growth in the banking sector.

Restraint Factors of Banking as a Service Market

Stringent Regulatory Requirements to Limit the Sales

Stringent regulatory requirements act as a significant constraint, limiting the sales potential of Banking as a Service (BaaS) providers. Compliance with regulatory frameworks such as GDPR, PSD2, and various regional banking laws demands substantial investments in legal expertise, technology infrastructure, and ongoing compliance measures. These requirements not only increase operational costs but also introduce complexities in navigating regulatory landscapes across different jurisdictions. Moreover, regulatory changes and updates necessitate constant monitoring and adaptation, further straining resources and hindering market agility. As a result, BaaS providers may face delays in product launches, increased administrative burdens, and potential fines for non-compl...

The size of the Bancassurance In Europe market was valued at USD 656 Million in 2023 and is projected to reach USD 896.32 Million by 2032, with an expected CAGR of 4.56% during the forecast period. Bancassurance refers to the partnership between banks and insurance companies, allowing banks to sell insurance products alongside their traditional banking services. This model leverages the bank's existing customer base and distribution channels, creating a synergistic relationship that benefits both parties. In Europe, the bancassurance market has gained significant traction due to several factors, including the rising demand for integrated financial services, regulatory changes promoting cross-selling, and the growing awareness of the importance of insurance in financial planning. European banks, facing stagnant interest rates and declining profitability in traditional banking operations, have increasingly turned to bancassurance as a way to diversify their revenue streams. This strategy enables banks to offer life, health, and non-life insurance products to their customers, enhancing customer loyalty and improving the overall customer experience. Moreover, the regulatory environment in Europe, particularly with initiatives like the Insurance Distribution Directive (IDD), encourages transparency and consumer protection, thereby fostering trust in bancassurance offerings. Recent developments include: June 2023: Admiral Seguros collaborated with ING Spain for a digital bancassurance venture. The collaboration stemmed from Admiral Group's expansion of its distribution network with insurance solutions. This joint partnership led to the creation of ING Orange Auto Insurance, a digital product designed to revolutionize the insurance sector., February 2023: European insurance group Talanx strengthened its regional presence in the Polish market by signing a ten-year bancassurance deal with Bank Millennium. This agreement expanded its portfolio in the life protection and non-motor business.. Key drivers for this market are: Regulatory and Technological Developments. Potential restraints include: Competition from Other Distribution Channels. Notable trends are: The Rising Need for Non-Life Insurance is Propelling Expansion in the Bancassurance Market.

The cooperative banking sector has developed negatively over the last five years. Industry revenue, which is made up of interest and commission income, has fallen by an average of 0.6% per year since 2019. The poor earnings performance in the years 2019 to 2021 is primarily due to the low level of interest rates and strong competition in the market. As a result of the financial crisis in 2008 and the euro crisis in 2010, the European Central Bank (ECB) was forced to keep lowering the key interest rate until it reached a low of 0% in March 2016. In 2020, the far-reaching negative effects of the coronavirus crisis prevented an increase in the key interest rate due to the associated risk of a Europe-wide recession. As a result, interest income in the sector fell, which caused difficulties for smaller cooperative banks in particular.In the current year, the sector should be able to increase commission income from the home loan and savings business and interest income from overdraft facilities and variable-interest loans in the short term, as demand is increasingly shifting from building loans to home loan and savings products due to high interest rates and overdraft facilities are increasingly in demand to cover the high cost of living. Overall, turnover in the sector is expected to increase by 0.3% year-on-year to 29.6 billion euros. However, the poor business and consumer climate is weighing on the cooperative banks. In addition, the over-indebtedness ratio is likely to stagnate or even rise slightly in the current year, which is why there is a risk that the number of non-performing loans will increase. This development is likely to cause problems for the cooperative banks.IBISWorld expects the cooperative banks' interest and commission income to fall by an average of 0.7% per year over the next five years and thus amount to 28.7 billion euros in 2029. As the banking market in Germany, which is highly fragmented by international standards, is saturated, significant changes are to be expected in the coming years. It can be assumed that banks will increasingly merge in order to increase their competitiveness, meaning that the previous consolidation of the sector is likely to accelerate. In addition, digitalisation will continue to gain in importance and the successful introduction of innovative and modern products as well as the expansion of sales channels will be decisive for a company's success.

As per Cognitive Market Research, the Banking-as-a-Service (BaaS) market is valued at $XX billion in 2025 and is expected to grow at a CAGR of XX% during the forecast period of 2025 to 2033. Banking-as-a-Service (BaaS) refers to a model where licensed financial institutions allow non-banking companies to offer banking products using their infrastructure.

North America is set to dominate the Banking as a Service - BaaS market with a share of XX%.
South America constitutes about XX% of market share of Banking as a Service - BaaS market and is expected to grow at a CAGR of XX% from 2025-2033.
Europe constitutes a share of XX% of Banking as a Service - BaaS market and is expected to grow at a CAGR of XX% from 2025-2033.
Asia-Pacific is expected to grow at the highest CAGR of XX% in the Banking as a Service - BaaS market from 2025-2033.
Africa and the Middle-East is expected to grow at a CAGR of XX% and has a market share of XX% in the Banking as a Service - BaaS market

Market Dynamics of Banking as a Service Market

Key Drivers for Banking as a Service Market

Increasing Adoption of Digital Banking to Boost Market Growth 

The growing demand for seamless digital financial services is a significant driver for the Banking as a Service (BaaS) market. Consumers and businesses alike seek integrated, user-friendly financial solutions that can be easily embedded into various platforms. This shift towards digitalization is prompting financial institutions to adopt BaaS models, enabling them to offer a wide range of services such as payments, lending, and account management through APIs. By leveraging BaaS, companies can enhance customer experiences, streamline operations, and reduce time-to-market for new financial products.
For instance, in March 2023, Falcon's BaaS platform enabled non-fintech companies to launch payment, card, lending, and account products within a day, assisting banks in maintaining digital relevance. (Source:https://www.financialexpress.com/business/banking-finance-banking-as-a-service-helping-banks-remain-digitally-relevant-3001420/?)

Rising Fintech Investments to Propel Market Growth 

The global demand for digital financial services continues to rise, fintech companies are attracting substantial funding to innovate and scale. This surge in investment helps accelerate the development of new financial products and services, making it easier for businesses to integrate financial capabilities into their platforms. These innovations, such as digital payments, lending solutions, and advanced banking features, are becoming essential for businesses looking to offer more personalized and seamless financial services to their customers. With a strong backing of financial resources, the fintech industry is further enhancing the accessibility and efficiency of BaaS, thus propelling its market growth and adoption across various industries. For instance, in September 2023, Shivalik Small Finance Bank partnered with Falcon to launch a cloud-native fintech platform, enabling the development of digital fixed deposits, savings accounts, and other financial products with reduced time and cost. (Source:https://ibsintelligence.com/ibsi-news/shivalik-small-finance-bank-launches-fintech-platform-with-falcon/?)

Key Restraint for Banking as a Service Market

High Cost of Adoption to Hamper Market Growth 

The high cost of adopting Banking as a Service (BaaS) solutions remains a significant barrier to market growth. Implementing BaaS requires substantial investments in technology infrastructure, integration with existing systems, and compliance with regulatory standards. These expenses can be particularly burdensome for small and medium-sized enterprises (SMEs) and startups, limiting their ability to leverage BaaS offerings. Additionally, the ongoing costs associated with maintenance, updates, and security measures further contribute to the financial strain. Without a clear and immediate return on investment, many organizations hesitate to transition to BaaS models, hindering the broader adoption and expansion of BaaS in the market. For instance, in January 2025, a report highlighted the challenges faced by BaaS providers, including regulatory complexity, financial sustainability, and operational resilience, which could impact the market's gr...

Key information about European Union Tourism Revenue Growth

• European Union Tourism Revenue grew 0.1 % YoY in Dec 2019, compared with an increase of 9.1 % YoY in the previous year
• European Union Tourism Revenue Growth rate data is updated yearly, available from Dec 2000 to Dec 2019
• The data reached an all-time high of 16.3 % in Dec 2003 and a record low of -13.5 % in Dec 2009

CEIC calculates annual Tourism Revenue Growth from annual Tourism Revenue. The World Bank provides Tourism Revenue in USD.