Value added created by the U.S. retail industry constituted 6.3 percent of the gross domestic product (GDP) of the United States in the fourth quarter of 2023. Over the past four years, the retail industry's contribution to GDP increased by about 0.4 percentage points.

In 2023, the retail trade sector in Malaysia was estimated to contribute around 8.6 percent to the country’s gross domestic product (GDP). The contribution from this sector has increased by one percent over the past two years, following the decline in the retail trade industry’s contribution experienced in 2021. Retail market expects more growth the inflation rate in the country, which caused the prices of consumer goods to increase. Nevertheless, as the inflation rate was expected to moderate in 2024, this could positively impact the retail trade sector in the next few years. Offline stores dominate retail sales Despite the availability and convenience of online stores, Malaysian consumers still indicated in a 2023 survey that they market share of FMCG sales channels in the country, with a share of more than 40 percent in 2023.

GDP is the value of goods and services produced within a county: consumption, investment, government spending, and net exports. This map shows wholesale and retail trade by the size of the symbol, and the color shows which is predominant.Retail Trade Industries:GDP from North American Industry Classification System (NAICS) 44-45. Examples include motor vehicles and parts dealers; furniture and home furnishings stores; electronics and appliance stores; building material and garden equipment and supplies dealers; food and beverage stores; health and personal care stores; gasoline stations; clothing and clothing accessories stores; sporting goods, hobby, musical instrument, and book stores; general merchandise stores; florists; office supplies, stationery, and gift stores; used merchandise stores; and nonstore retailers such as electronic shopping and mail-order houses, vending machine operators, and direct selling establishments.Wholesale Trade industries:GDP from North American Industry Classification System (NAICS) 42. Examples include merchant wholesalers of motor vehicle and motor vehicle parts and supplies; furniture and home finishing; lumber and other construction; professional and commercial equipment and supplies; metal and mineral (except petroleum); household appliances and electrical and electronic goods; hardware, and plumbing and heating equipment and supplies; machinery, equipment, and supplies; paper and paper product; drugs and druggists' sundries; apparel, piece goods, and notions; grocery and related product; farm product raw material; chemical and allied products; petroleum and petroleum products; beer, wine, and distilled alcoholic beverage; and wholesale electronic markets and agents and brokers.Data from Bureau of Economic Analysis. Table CAGDP2, downloaded ‎February ‎2, ‎2021.https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas , feature layer linked below:

In 2023, the gross domestic product (GDP) from retail trade in Malaysia amounted to approximately 155 billion Malaysian ringgit. This was an increase of around 12 billion Malaysian ringgit from the previous year. In general, the GDP from retail trade in the country has been increasing.

Jordan GDP: Industry: Wholesale and Retail Trade, Restaurants and Hotels (WH) data was reported at 605.416 JOD mn in Mar 2018. This records an increase from the previous number of 562.728 JOD mn for Dec 2017. Jordan GDP: Industry: Wholesale and Retail Trade, Restaurants and Hotels (WH) data is updated quarterly, averaging 203.535 JOD mn from Mar 1992 (Median) to Mar 2018, with 105 observations. The data reached an all-time high of 851.745 JOD mn in Sep 2017 and a record low of 67.628 JOD mn in Dec 1992. Jordan GDP: Industry: Wholesale and Retail Trade, Restaurants and Hotels (WH) data remains active status in CEIC and is reported by Department of Statistics. The data is categorized under Global Database’s Jordan – Table JO.A011: SNA 1993: GDP: by Industry: Current Price. Changed from SNA 1993 to SNA 2008 Replacement series ID: 409102717

GDP From Services in Israel increased to 36064.80 ILS Million in the first quarter of 2021 from 34218.90 ILS Million in the fourth quarter of 2020. This dataset provides - Israel Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

China GDP: Year to Date: TI: Wholesale and Retail Trade data was reported at 13,798.092 RMB bn in Dec 2024. This records an increase from the previous number of 9,964.430 RMB bn for Sep 2024. China GDP: Year to Date: TI: Wholesale and Retail Trade data is updated quarterly, averaging 1,249.090 RMB bn from Dec 1991 (Median) to Dec 2024, with 133 observations. The data reached an all-time high of 13,798.092 RMB bn in Dec 2024 and a record low of 53.680 RMB bn in Mar 1992. China GDP: Year to Date: TI: Wholesale and Retail Trade data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s National Accounts – Table CN.AA: Gross Domestic Product: Quarterly.

Forecast: Wholesale, Retail Trade, Restaurants and Hotels Contribution to GDP in the US 2024 - 2028 Discover more data with ReportLinker!

United States GDP Nowcast: saar: YoY: Contribution: Retail Sales: WRTI: swda: Vol: EA 20: Retail Trade Index (RTI) data was reported at 0.110 % in 10 Mar 2025. This records an increase from the previous number of 0.081 % for 03 Mar 2025. United States GDP Nowcast: saar: YoY: Contribution: Retail Sales: WRTI: swda: Vol: EA 20: Retail Trade Index (RTI) data is updated weekly, averaging 0.131 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 0.830 % in 17 Aug 2020 and a record low of 0.000 % in 18 Nov 2019. United States GDP Nowcast: saar: YoY: Contribution: Retail Sales: WRTI: swda: Vol: EA 20: Retail Trade Index (RTI) data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

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Indonesia Retail Market Size 2025-2029

The Indonesia retail market size is forecast to increase by USD 49.9 billion at a CAGR of 4.7% between 2024 and 2029.

The market exhibits significant growth, driven by an expanding retail landscape and increasing consumer preference for local brands. However, the underdeveloped infrastructure poses a challenge. Additionally, the rise of e-commerce brands and circular retail models, such as resale, is providing consumers with more options and convenience. The Indonesian government's spending on infrastructure development and private consumption are key growth factors. 
Digital technology, including social media and online commerce, is transforming the retail sector. Media distribution and ride-sharing services are also gaining popularity. Furthermore, financial services are becoming increasingly accessible, enhancing customer convenience. Customer sentiments towards local brands are positive, with palm oil and fish being prominent industries. This market analysis provides insights into these trends and challenges, enabling businesses to make informed decisions.

What will be the Size of the Market During the Forecast Period?

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The market is a significant contributor to the country's economy, driven by the increasing household consumption and modern spending habits of its growing middle class. This market is influenced by several factors, including household purchasing power, prices, credit costs, employment, social welfare, and government spending. Household Consumption: The Indonesian economy relies heavily on private consumption, which accounts for approximately 56% of the country's Gross Domestic Product (GDP). Household consumption is driven by the increasing purchasing power of the middle class, which is expected to continue growing due to rising incomes and improved employment opportunities.



The cost of essential commodities, such as palm oil, fish, cocoa, coffee, wheat, dairy, and other staple foods, significantly impact the retail market. Any fluctuations in the prices of these commodities can affect the affordability of these items for consumers and, consequently, the retail market. Credit Cost: Credit cost is another factor that influences the market. The availability and cost of credit can impact consumer spending, as many Indonesians rely on credit to make purchases. Any changes in credit cost can, therefore, affect the demand for retail goods and services.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Food and beverages
  Electrical and electronics
  Apparel and footwear
  Home improvement and household products
  Others


Ownership Structure

  Local Retailler
  International Retailer


Geography

  Indonesia

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. In Indonesia, the market encompasses various formats, including convenience stores and department stores. Convenience stores, which are small retail outlets, provide essential daily items such as groceries, snacks, personal care products, and beverages. Some of these stores are attached to gas stations, ensuring customers can access them during emergencies. The government and private consumption contribute significantly to the growth of this sector. Department stores, on the other hand, offer a wide range of consumer goods under one roof. They have become a staple in urban areas, shaping shopping habits and redefining luxury services. Digital technology, social media, and online commerce have transformed retail in Indonesia.

Furthermore, media distribution, ride-sharing services, financial services, and palm oil are other key sectors influencing the retail industry's growth. Customer sentiments play a crucial role in retail sales. Understanding these trends and adapting to them is essential for retailers to remain competitive.

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Market Dynamics

Our Indonesia Retail Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers for the Indonesia Retail industry?

Expansion of the retail landscape is the key driver of the market. In Indonesia, the market is undergoing significant transformation, with organized retailing gaining traction and gradually replacing the traditional unorganized sector. This shift is driven by the growing demand for product qual

In 2023, the gross domestic product (GDP) of the Singaporean wholesale and retail industry amounted to approximately 150.61 billion Singapore dollars, indicating an increase from the previous year. The wholesale and retail sector had also seen a decrease in the year due to the COVID-19 pandemic in the previous year.

Egypt GDP: Wholesale and Retail Trade data was reported at 595,237.483 EGP mn in Sep 2024. This records an increase from the previous number of 458,433.132 EGP mn for Jun 2024. Egypt GDP: Wholesale and Retail Trade data is updated quarterly, averaging 60,934.600 EGP mn from Sep 2001 (Median) to Sep 2024, with 93 observations. The data reached an all-time high of 595,237.483 EGP mn in Sep 2024 and a record low of 9,542.100 EGP mn in Dec 2001. Egypt GDP: Wholesale and Retail Trade data remains active status in CEIC and is reported by Ministry of Planning, Economic Development and International Cooperation. The data is categorized under Global Database’s Egypt – Table EG.A014: GDP: by Industry: Current Price.

GDP from Services in Argentina increased to 93855 ARS Million in the fourth quarter of 2024 from 92381.61 ARS Million in the third quarter of 2024. This dataset provides - Argentina Gdp From Wholesale and Retail Trade- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from retail trade of Oklahoma increased by 1.89% from 16,905.7 millions of current dollars in 2022Q4 to 17,225.0 millions of current dollars in 2023Q1. Since the 0.63% fall in 2022Q2, GDP from retail trade surged by 7.32% in 2023Q1. Current-dollar GDP (millions of current dollars)

GDP from Services in Kosovo increased to 448.38 EUR Million in the third quarter of 2024 from 339.21 EUR Million in the second quarter of 2024. This dataset provides - Kosovo Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Food And Non-Food Retail Market size was valued at USD 12 Trillion in 2024 and is projected to reach USD 16.55 Trillion by 2031, growing at a CAGR of 3.6% from 2024 to 2031

Food And Non-Food Retail Market Drivers

Consumer Preferences and Behavior: Changing consumer preferences, including preferences for healthier food options, organic products, and ethically sourced goods, influence the retail market. Non-food retailers also respond to shifts in consumer behavior, such as the growing demand for online shopping and omnichannel retail experiences.

Economic Factors: Economic indicators such as GDP growth, disposable income levels, unemployment rates, and consumer confidence affect consumer spending patterns in both food and non-food retail sectors. During economic downturns, consumers may prioritize essential goods over discretionary purchases, impacting retail sales.

Population Demographics: Population demographics, such as aging populations, urbanization trends, and changes in household sizes, influence retail market dynamics. For example, aging populations may drive demand for healthcare products and services, while urbanization can lead to increased demand for convenience foods and online shopping options.

Retail Sales Nowcast: sa: YoY: Contribution:(GDP) Gross Domestic ProductNowcast: GDP Nowcast: Growth: QoQ: Previous Quarter: United States data was reported at 0.139 % in 06 Jan 2025. This records an increase from the previous number of 0.001 % for 30 Dec 2024. Retail Sales Nowcast: sa: YoY: Contribution:(GDP) Gross Domestic ProductNowcast: GDP Nowcast: Growth: QoQ: Previous Quarter: United States data is updated weekly, averaging 0.001 % from Nov 2020 (Median) to 06 Jan 2025, with 216 observations. The data reached an all-time high of 20.175 % in 20 May 2024 and a record low of 0.000 % in 18 Nov 2024. Retail Sales Nowcast: sa: YoY: Contribution:(GDP) Gross Domestic ProductNowcast: GDP Nowcast: Growth: QoQ: Previous Quarter: United States data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Retail Sales.

Forecast: Wholesale, Retail Trade, Restaurants and Hotels Contribution to GDP in Ghana 2024 - 2028 Discover more data with ReportLinker!

Forecast: Wholesale and Retail Trades Contribution to GDP in China 2023 - 2027 Discover more data with ReportLinker!

GDP from Services in Zambia increased to 7292.40 ZMW Million in the third quarter of 2024 from 6119.30 ZMW Million in the second quarter of 2024. This dataset provides - Zambia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.