My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Infographics

Which Country Spends the Most Online? (Infographic)

Which Country Spends the Most Online? (Infographic)
Image credit: Pexels
Senior Entrepreneurship Writer at CNBC
1 min read

Residents of Hong Kong are the ecommerce champions of the world. By far.

The average consumer spends $2,868 per year online shopping in Hong Kong, according to data from the German statistics firm Statista. The country next in line for the most online spending is Norway, with an average of $2,448 spent per consumer. And Israel rounds has the third most online spending per capita with $2,171 spent per year.

To be sure, online spending correlates with a country’s wealth. And only countries that are reasonably well connected to the Internet are included in this research.

Related: This 29-Year Old Tailor Is Relentlessly Working to Overhaul the Menswear Fashion Industry

In sharp contrast to the high online spending of Hong Kong, Norway and Israel, residents of the Philippines only spend an average of $38 per year online.

For a full breakdown of what residents of the 50 most digitally connected countries in the world spend per year online, have a look at the infographic below, generated by London-based business services and equipment marketplace Expert Market.

Related: Website Builder Squarespace Launches New Ecommerce Tools for Business Owners

Click to Enlarge

Which Country Spends the Most Online? (Infographic)

Related: 2015 Will Likely Be Known as the Year of Mobile Commerce (Infographic)

What Will the Future of Work Look Like After the Robot Revolution? (Infographic)