In 2023, the production of retail trade (excluding motor vehicles and motorcycles) in the US stood at approximately 1.55 trillion USD. It's expected to grow consistently from 2024 to 2028, as forecasted figures present an upward trend from 1.5872 trillion USD in 2024 to 1.7261 trillion USD in 2028. The year-on-year growth rates indicate steady increases: 2.3% from 2024 to 2025, 2.2% the following year, and continuous growth thereafter. The compound annual growth rate (CAGR) over this five-year period is projected at approximately 2.1%, reflecting a stable upward trajectory in retail trade production.
Future trends to watch for include:
- The impact of e-commerce growth on traditional retail production dynamics.
- Influence of inflation and consumer spending power on forecasting accuracy.
- Shifts in consumer preferences towards sustainable and technological products.
- Potential disruptions from global supply chain changes or regulatory adjustments.
