Forecast for global retail sales growth 2017-2023

This timeline shows a forecast for global retail sales growth from 2017 to 2023. In 2019, global retail sales were expected to grow by 4.5 percent. Global retail sales were projected to amount to around 29.8 trillion U.S. dollars by 2023, up from approximately 23 trillion U.S. dollars in 2017.

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.

Forecast for global retail sales growth from 2017 to 2023

YearRetail sales growth
2023*4.5%
2022*4.5%
2021*4.5%
2020*4.1%
2019*4.5%
20184.3%
20176.2%
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Source

Release date

June 2019

Region

Worldwide

Survey time period

2019

Supplementary notes

* Forecast

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