Nearly a quarter of UK sales to be online by 2016?

Lewis Tyler

By Lewis Tyler

March 20th 2012 at 10:52AM
Nearly a quarter of UK sales to be online by 2016?

Report says internet shopping will grow 50 per cent in just four years time.

In 2016 23 per cent of UK purchases will be made online, according to a report from the Boston Research Group.

We currently spend £144.6 billion online per year but this figure looks set to rise to £218.3 billion in four years - an increase of 50 per cent.

The report, which examined the internet spending of the G20 nations, found that e-commerce accounted for 8.3 per cent of the UK’s GDP – double the average of other G20 nations (4.1 per cent).

That figure looks set to rise to 12.4 per cent in 2016.

The report also predicts there will be 3 billion internet users by then - almost half the world’s population.

If G20 e-commerce were a country, it would be the fifth
highest GDP in front of Germany.