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Goldman Sachs predicts that global e-commerce sales will increase to $3.9 trillion by 2024.

Jinshi data, June 25th, Goldman Sachs research department’s global stock strategy team recently released a research report stating that global e-commerce sales will reach $36 trillion in 2023, with a projected year-on-year growth of 8% to $39 trillion in 2024. Supported by the overall retail sales growth and the increasing penetration rate of e-commerce as the e-commerce share continues to rise, Goldman Sachs research department predicts that the global e-commerce sales’ compound annual growth rate from 2023 to 2028 will be 7%, reaching $50 trillion by 2028.

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