Global retail sales 2017-2023

Global retail sales were projected to amount to around 30 trillion U.S. dollars by 2023, up from approximately 23 trillion U.S. dollars in 2017. The retail industry encompasses the journey of a good or service. This typically starts with the manufacturing of a product and ends with said product being purchased by a consumer from a retailer. Retail establishments come in many forms such as grocery stores, restaurants, and bookstores.

American retailers worldwide

As a result of globalization and various trade agreements between markets and countries, many retailers are capable of doing business on a global scale. Many of the world’s leading retailers are American companies. Walmart and Amazon are examples of such American retailers. The success of U.S. retailers can also be seen through their performance in online retail.

Retail in the U.S.

The domestic retail market in the United States is a lucrative market, in which many companies compete. Walmart, a retail chain offering low prices and a wide selection of products, is the leading retailer in the United States. Amazon, The Kroger Co., Costco, and Target are a selection of other leading U.S. retailers.

Total retail sales worldwide from 2017 to 2023

Sales in trillion U.S. dollars
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Source

Release date

June 2019

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast.
Excludes travel and event tickets, payments such as bill pay, taxes or money transfers, food services and drinking place sales, gambling and other vice good sales.

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Statistics on "Retail market worldwide"

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