As Americans Start Businesses at Record Rates, Shopify Data Helps Quantify the Growing Economic Impact of the Retail Sector

The new math of starting a business

Shopify's latest report shows e-commerce and AI are driving entrepreneurship, supporting $1.2 trillion in economic activity and 9.6M jobs.

As Americans start businesses at record rates, Shopify data helps quantify the growing economic impact of the retail sector

Shopify reports that Americans are starting businesses at record rates, generating $688 billion in economic activity and supporting 2.3 million jobs.

Shopify merchants generate $1.2 trillion in global economic activity, new data shows

Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. Entrepreneurs are an economic force, and their influence is growing, as new Shopify data shows its merchant and partner ecosystem generated more than $1.2 trillion in global economic activity in the past year, increasing 110% from 2022. Shopify-powered businesses suppo…