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In Luxembourg, cash was used for 21% of point-of-sale payments in terms of number in 2016 (ECB, 2017)

Nov. 16, 2020 Share Source

The statistic comes from the European Central Bank's study on Cash Use by Household in the Euro Area, published in November 2017.

The report presents estimations of the number and value of cash transactions in all 19 euro area countries in 2016, based on survey result as well as figures on main payments by demographic.

Excerpts from ECB

"The average card transaction value was the highest in Luxembourg, Malta and Germany, where it ranged from €70.78 to €51.38. In contrast, the average card transaction value in the euro area was the lowest in Slovakia, Estonia and Latvia where it ranged from €16.05 to €14.33, indicating that consumers in these countries use cards for relatively low-value payments." (p. 22)

The countries where at least one-third of the respondents answered that they had a high-value banknote were Slovenia (47%), Luxembourg and Slovakia (both 42%) as well as Lithuania (41%) and Austria (36%) (see Chart 28). The lowest proportions can be seen in the Netherlands (7%), France (8%) and Ireland (11%). (p. 44)

“In 2016 euro area consumers carried on average €65 in their wallet. Germans carried on average the most (€103) in their pockets, followed by the Luxembourgers (€ 102) and the Austrians (€89) (see Chart 20). On the other hand, the Portuguese carried, on average, the least (€29), followed by the French (€32) and the Latvians (€41).” (p. 34)

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Download the study here

Last Updated: Nov. 16, 2020

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