Invoier's Payment Time Index™
When do Swedish companies pay their invoices?
Invoiers Betaltidsindex (BTI) visar faktisk betaltid i relation till avtalad betaltid för en genomsnittlig B2B-faktura i Sverige. Indexet baseras på över 1,8 miljoner fakturor och perioden 2016-2023.
How to read the Payment Time Index:
Use the dropdown menu to filter and see the payment moral depending on debtor company size.
Negative numbers: equals payments done BEFORE due date
Positive numbers: equals payments done AFTER due date
(+20% compared to same month last year)
Index uppdaterat: 23 augusti 2023.
Publishing: Invoier's Payment Time Index™ can be freely published in editorial channels and can be used in internal company purposes. For other, commercial purposes permission is required. See contact details below for permission or access to data.
About Invoier's Payment Time Index
Payment Time Index™ is developed by Invoier for increased transparency in actual payment times between Swedish companies. The index shows to what extent Swedish companies pays their invoices in time and how that is developing over time. The index is based on over 1.5 million invoices from Swedish companies. Thousands of invoices are added monthly to the data. The index value is based on a 10 month moving average. The distribution of company sizes is 0-9 employees (44,5%), 10-49 (24,6%), 50-249 (15,8%) and 250+ (15,0%). The companies' size is based on reported number of employees to Bolagsverket.
Contacts for further information:
statistics and data Sebastian von Corswant, tel. +46 (0)72-250 29 20
invoices constitutes the bases of the index
Swedish companies' invoices
index value (days)
Payment Time Index 2022 confirms significant improvement towards quicker payment times
The yearly Payment Time Index for 2022 can confirm a trend break in the payment times of Swedish companies. Large companies (>250 employees) have improved at paying on time over the year, while the smallest companies continue to be the very best at paying on time. A general trend shows that all company sizes have improved their payment times in 2022.
Steel- and metal industry much better at paying on time
From having been the industry with the worst actual payment times this year, a remarkable improvement can be noticed in only a short time. An industry in stabilisation, despite difficult times.
The first industry comparison from this summer indicated that the steel- and metal field was the very latest to pay on time and on average each invoice was paid 4,3 days late. The new, updated index shows a much better result though over the last six months. Swedish companies within the steel- and metal industry have improved a great deal on actual payment times over the last three months, compared to the previous index.
Late payments more common by larger companies in August
Payment Time Index™ shows that larger companies make their payments even later in August. On average each invoice from large companies in Sweden is paid 3,5 days late, which can have a big negative impact on small and medium-sized companies. And the trend is consistent yearly as of 2016, when the index started.
Larger companies, with more than 250 employees, are constantly late with payments all months of the year. But in August each year they are even later, increasing relatively with 143% to the yearly average, the index shows.
The industries that are best and worst at paying on time
Stockholm based fintech company Invoier, who recently launched Payment Time Index™, has mapped what industries in Sweden that are the best, as well as worst, at paying their suppliers on time.
The worst industries:
(days delayed after due date)
| 1. Manufacture of basic iron and steel and of ferro-alloys | (4,03) |
| 2. Building of ships and floating structures | (3,90) |
| 3. Repair of fabricated metal products | (2,45) |
| 4. Manufacture of passenger cars and other light motor vehicles | (1,87) |
| 5. Operations of sports facilities | (1,42) |
The best industries:
(days early of due date)
| 1. 1. Performing arts | (6,82) |
| 2. Growing of cereals (except rice), leguminous crops and oil seeds | (4,54) |
| 3. Pre-primary education | (3,24) |
| 4. Social work activities without accommodation for the elderly | (3,19) |
| 5. Sale of cars and light motor vehicles | (2,99) |
About Invoier:
Invoier provides solutions for company financing and has developed Sweden’s only marketplace for invoices. The purpose is to enable market-based pricing for financing and growth of small- and medium sized businesses, as well as a new type of investors get access to this market. The technical base of the offer consists of a unique AI engine that will anticipate both if and when an invoice will be paid. Invoier was founded in 2020 in Stockholm and is financed by the EU and KTH and operates with permission of the Swedish Financial Supervisory Authority and the Swedish Authority for Privacy Protection. Read more about Invoier
