Stats & Charts
Market Volume of Trading Using Bank Guarantees
The use of Bank Guarantees has seen significant growth over the past few years, reflecting their importance in global trade. Here are some key statistics:
2019: $700 billion in global trade transactions utilized Bank Guarantees.
2020: The volume increased to $800 billion, a 14% growth from the previous year.
2021: BG usage surged to $950 billion, marking a 19% increase.
2022: The volume reached $1.1 trillion, showing a continued upward trend with a 16% growth.
2023: Preliminary estimates suggest that BG usage will exceed $1.25 trillion, indicating robust demand and reliance on these financial instruments.
The use of Bank Guarantees has seen significant growth over the past few years, reflecting their importance in global trade. Here are some key statistics:
2019: $700 billion in global trade transactions utilized Bank Guarantees.
2020: The volume increased to $800 billion, a 14% growth from the previous year.
2021: BG usage surged to $950 billion, marking a 19% increase.
2022: The volume reached $1.1 trillion, showing a continued upward trend with a 16% growth.
2023: Preliminary estimates suggest that BG usage will exceed $1.25 trillion, indicating robust demand and reliance on these financial instruments.