Business
eCommerce Growth in the U.S. is Slowing Down
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Growth in US eCommerce sales dipped to single digits in 2022, marking the slowest growth rate since 2009 (2.8%). Possible culprits include market saturation, inflation, and a return to normal life post-COVID.
Despite the slowing growth rate, US ecommerce sales in 2022 surpassed $1 trillion for the first time ever.
Interesting fact: During the COVID-19 pandemic, Amazon grew its U.S. warehouse space by 200 million square feet.
Dataset
Year | YoY growth in online sales (%) | Ecommerce Sales (USD billions) |
---|---|---|
2015 | 14% | 337 |
2016 | 14% | 382 |
2017 | 16% | 442 |
2018 | 14% | 505 |
2019 | 13% | 568 |
2020 | 43% | 811 |
2021 | 18% | 955 |
2022 | 8% | 1034 |
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