Electronic commerce, aka e-commerce, was introduced more than 50 years ago to share financial or business documents from one company to another. Today, with the spread of the Internet and retail giants such as eBay and Amazon, online shopping is probably what comes to mind for most people when they hear e-commerce mentioned. According to the US Census Bureau, e-commerce retail sales in 2000 were valued at $27.6 billion. By 2016, e-commerce retail sales grew by more than 1,300 percent to over $390 billion.
Census Bureau is one of many agencies now actively tracking e-commerce transactions, particularly in the retail sector. According to the Census Bureau:
The US Economy Data Brief provides a comprehensive and interactive overview of leading US economic and financial indicators, including but not limited to GDP, inflation and prices, economic activity, financial accounts, debt figures, the labor market, and so much more.