E-commerce During Covid: Stylized Facts from 47 Economies
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Summary:
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with higher pre-pandemic e-commerce shares, exacerbating the digital divide across economies. Overall, the latest data suggest that these spikes in online spending shares are dissipating at the aggregate level, though there is variation across industries. In particular, the share of online spending in professional services and recreation has fallen below its pre-pandemic trend, but we observe a longer-lasting shift to digital in retail and restaurants.
Series:
Working Paper No. 2022/019
Subject:
Consumer credit Consumption COVID-19 Economic sectors Expenditure Health Money National accounts Tourism
Frequency:
regular
English
Publication Date:
January 28, 2022
ISBN/ISSN:
9781616359218/1018-5941
Stock No:
WPIEA2022019
Pages:
19
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