In 2023, Bulgaria leads with a significant indexed value of 61.09, having seen notable annual growth of 32.69%. Other countries showcasing strong year-on-year growth include Lithuania and Poland, increasing by 22.65% and 24.47%, respectively. Conversely, Austria and Croatia display minimal progress with only slight growth over the past year. Over the last five years, the compound annual growth rate shows Bulgaria outpacing its peers, indicating a consistently growing e-commerce sector. European countries, on average, have experienced a modest uplift in retail turnover via internet channels.
Looking forward, expect continued expansion in online retail across Europe, driven by technological advancements and consumer preference shifts towards e-commerce. Pay attention to emerging markets, infrastructure improvements, and consumer spending patterns, which will play pivotal roles in this sector's growth trajectory.
Top countries in Deflated Turnover Index of Retail Via Mail Order Houses or Via Internet by Country
# | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Bulgaria | 610.9 | 2022 | +12.4% | +32.69% | View data |
2 | 2 Lithuania | 437.5 | 2022 | -10.15% | +22.65% | View data |
3 | 3 Poland | 401.5 | 2022 | +11.9% | +24.47% | View data |
4 | 4 Romania | 299.4 | 2022 | -5.94% | +12.51% | View data |
5 | 5 Spain | 290.7 | 2022 | -9.1% | +12.78% | View data |
6 | 6 Czech Republic | 278.7 | 2022 | -10.62% | +13.34% | View data |
7 | 7 Netherlands | 248 | 2022 | -5.74% | +12.54% | View data |
8 | 8 Norway | 236.8 | 2022 | -0.38% | +14.3% | View data |
9 | 9 Belgium | 205.8 | 2022 | -9.86% | +8.26% | View data |
10 | 10 Italy | 204.6 | 2022 | -2.43% | +12.57% | View data |