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Top 10 worldwide destinations for retailers

(chinadaily.com.cn) Updated: 2014-06-23 07:21

No 5 Brazil:Rankings dip, but still strong

Brazil's retail growth slowed in 2013, and the country drops to fifth after two consecutive years in first place.

While GDP growth picked up (2.3 percent in 2013, compared with 1 percent in 2012), retail sales growth fell by more than half to 4.3 percent, as accelerating inflation undermined real wage growth and household debt increased. However, low unemployment and bank default levels demonstrate a strong middle class that continues to make Brazil a popular retail location.

Top 10 worldwide destinations for retailers

Young women look at Brazil t-shirts in a market in Rio de Janeiro, Brazil. [Photo/IC]

Top 10 worldwide destinations for retailers
Top 10 worldwide destinations for retailers
Top 10 worldwide destinations for retailers

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