Global: e-commerce retail sales CAGR 2023-2027

According to recent industry calculations, Brazil will rank first among 20 countries worldwide in retail e-commerce development between 2023 and 2027, with a compound annual growth rate of 14.6 percent. Argentina and Turkey are also among the fastest growing e-commerce markets globally, with a CAGR of over 14 percent. The global retail e-commerce CAGR was estimated at 11.3 percent during the same period.

Retail e-commerce sales compound annual growth rate (CAGR) from 2023 to 2027, by country

Characteristic	Compound annual growth rate
Brazil	14.63%
Argentina	14.61%
Turkey	14.33%
India	13.91%
Mexico	13.67%
Russia	13.43%
South Africa	12.52%
China	12.36%
Italy	12.25%
Global	11.34%
Canada	10.92%
United States	10.86%
Spain	10.69%
Indonesia	10.43%
Australia	10.41%
Japan	10.28%
Germany	8.75%
France	8.46%
United Kingdom	8.42%
South Korea	3.47%

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Release date

February 2023

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Region

Worldwide

Supplementary notes

Data provided by Statista Market Insights are estimates

The eCommerce market comprises the sale of physical goods via a digital channel to a private end consumer (B2C). This definition encompasses purchases via desktop computers (including notebooks and laptops) as well as purchases via mobile devices (e.g., smartphones and tablets). The following are not included in the eCommerce market: digitally distributed services (see instead: eServices), digital media downloads or streams, digitally distributed goods in B2B markets, and the digital purchase or resale of used, defective, or repaired goods (reCommerce and C2C). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

All figures are estimate. A detailed methodology can be found in the Statista Market Insights.

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