By the end of 2023, total retail sales reached approximately 7.24 trillion U.S. dollars, around one and half a billion U.S. dollar increase from the year before. Retail sales have steadily increased since 2009, as the economy recovered from the downward trend due to the recession following the 2007-2008 financial crisis, and most recently from the impact of the coronavirus (COVID-19) crisis.
The United States as retail powerhouse
The United States is home to many of the leading retail companies in the world, including Walmart, Costco, and Amazon. Amazon, in particular, has seen extreme levels of growth in revenue in tandem with the increase of e-commerce globally.
The rise of e-commerce and mobile shopping
E-commerce is responsible for a growing percentage of total retail sales, partially due to a surge in mobile shopping, with customers increasingly using their mobile devices for various online shopping activities. Smartphones accounted for more retail website visits than desktops or tablets, and matched desktops in generating online shopping orders.
Total retail sales in the United States from 1992 to 2023
(in billion U.S. dollars)
Numbers have been rounded .
Estimates are shown in millions of dollars and are based on data from the Monthly Retail Trade Survey, Annual Retail Trade Survey, Service Annual Survey, and administrative records.
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US Census Bureau. (February 15, 2024). Total retail sales in the United States from 1992 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/
US Census Bureau. "Total retail sales in the United States from 1992 to 2023 (in billion U.S. dollars)." Chart. February 15, 2024. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/
US Census Bureau. (2024). Total retail sales in the United States from 1992 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/
US Census Bureau. "Total Retail Sales in The United States from 1992 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Feb 2024, https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/
US Census Bureau, Total retail sales in the United States from 1992 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/ (last visited December 04, 2024)
Total retail sales in the United States from 1992 to 2023 (in billion U.S. dollars) [Graph], US Census Bureau, February 15, 2024. [Online]. Available: https://www.statista.com/statistics/197576/annual-retail-sales-in-the-us-since-1992/