The wholesale trade gross output in the US demonstrated notable year-on-year variations over the last decade. Following steady growth from 2013 to 2019, it experienced a significant drop of 14.81% in 2020 due to the global pandemic. However, it rebounded strongly with a 17.34% increase in 2021, followed by further growth in subsequent years. In 2023, the gross output reached 2.2901 trillion USD, marking an annual increase of 2.31%. Over the last five years, the compound annual growth rate (CAGR) averaged 2.33%.
Looking ahead, forecasted data suggest a gradual upward trend with a forecast 5-year CAGR of 1.77% and an overall growth rate of 9.17% from 2024 to 2028. Factors to watch include the impacts of technological advancements, supply chain efficiencies, economic policies, and potential disruptions from global economic events.
