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The Philippines and India will lead the world in retail ecommerce sales growth this year, with respective increases of 25.9% and 25.5%. Countries in Latin America and Southeast Asia will make up most of the top 10 list, while the last spot will go to the US, the only advanced economy to slide into the rankings, with 15.9% growth.
Beyond the chart: None of the Western European countries we track will see a double-digit growth rate starting this year and through the end of our forecast period in 2025. By contrast, ecommerce sales will climb at those rates in every market we break out in Latin America.
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