The total store-based retail sales value in the Philippines reached 46.4 billion U.S. dollars in 2021, reflecting a decrease in comparison to 2017. Store-based retail has been facing a slowing down since the coronavirus pandemic as more shoppers have started adapting to online shopping behavior. Despite the decrease, store-based retail was forecast to recover in the succeeding years, with an estimated retail sales value of 57.05 billion U.S. dollars in 2026.
Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026
(in billion U.S. dollars)
Characteristic
Retail sales in billion U.S. dollars
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*Forecast figures. Figures have been rounded.
Adapted from Statistics Canada, agriculture.canada.ca, 2017 to 2021. This does not constitute an endorsement by Statistics Canada of this product.
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Agriculture and Agri-Food Canada. (June 8, 2022). Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/
Agriculture and Agri-Food Canada. "Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026 (in billion U.S. dollars)." Chart. June 8, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/
Agriculture and Agri-Food Canada. (2022). Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/
Agriculture and Agri-Food Canada. "Total Store-based Retail Sales in The Philippines in 2017 and 2021, with Forecasts for 2022 and 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jun 2022, https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/
Agriculture and Agri-Food Canada, Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/ (last visited August 24, 2024)
Total store-based retail sales in the Philippines in 2017 and 2021, with forecasts for 2022 and 2026 (in billion U.S. dollars) [Graph], Agriculture and Agri-Food Canada, June 8, 2022. [Online]. Available: https://www.statista.com/statistics/1327851/philippines-in-store-retail-sales-value/