The United Kingdom, also known as the UK, is composed of four European countries – England, Wales, Scotland, and Northern Ireland – and features a rich and lengthy history. With a combined population of approximately 63 million people, it boasts only the twenty-third largest population of any country in the world, smaller than developing countries such as Vietnam, Ethiopia, and Iran.
Despite not having a large population like the United States and China, the UK economy is critical to the success of not only Europe but the world as a whole. As online shopping continues its growth worldwide, what does this mean for the future of UK eCommerce and how does the UK compare to other countries?
- Continued growth is expected for UK eCommerce, but growth may slow to single digits –The UK eCommerce industry is expected to grow by a double-digit percentage in 2013 and 2014 but growth is predicted to slow and reach single-digit percentages by 2015.