Compound annual growth rate of revenue in the retail and trade sector in Europe 2023
Compound annual growth rates can be used to measure a number of different factors including revenue, as in this example, but also income, customers, returns etc. As of January 2023, the CAGR in revenues over the last five years for the retail and trade sector in Western Europe have been highest in the online retail industry (16.4 percent).
In terms of expected growth between 2023 and 2024, unsurprisingly, online retail companies also performed best with expected growth of 14.9 percent over the next two years.