In May 2024, the recovery rate of outbound tax-free shopping from China equaled 132 percent. Recovery rates were above one in all months of the first half of 2024 except February, which may have been affected by the Lunar New Year holidays.
Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024
The recovery rate is calculated by 2024 brick-and-mortar sales data divided by 2019 brick-and-mortar sales data, in a like-for-like comparison (i.e., new store openings or closings are not counted, and the exchange rates are constant).
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McKinsey & Company. (September 25, 2024). Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/
McKinsey & Company. "Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024." Chart. September 25, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/
McKinsey & Company. (2024). Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/
McKinsey & Company. "Recovery Rate of Outbound Tax-free Shopping from Chinese Shoppers from January to June 2024." Statista, Statista Inc., 25 Sep 2024, https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/
McKinsey & Company, Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024 Statista, https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/ (last visited December 23, 2024)
Recovery rate of outbound tax-free shopping from Chinese shoppers from January to June 2024 [Graph], McKinsey & Company, September 25, 2024. [Online]. Available: https://www.statista.com/statistics/1537308/china-monthly-outbound-tax-free-shopping-recovery-rate/
