European e-commerce is booming. European online revenue of goods and services grew by 19% to reach €311.6 billion in 2012. The EU28 (including Croatia, joining the EU as of 1 July 2013) reached €276.5 billion, or 88.7% of total European e-sales, a growth of 18.1%. Ecommerce Europe figures are compiled in cooperation with various e-commerce associations around Europe and in cooperation with GfK.

The total Gross Domestic Product (GDP) of Europe in 2012 is estimated to have reached €16 trillion, of which the GDP of the EU28 was just over 80 per cent. Ecommerce Europe estimates the share of the European Internet economy at 3.5%, a percentage that is set to double by 2016 and to triple by 2020 given the fact that the Internet economy grows much faster then the economy in general.

source . Europe E-Commerce

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