Brexit uncertainty overshadows the success of both domestic and global marketplaces in the UK.Download the Full Index
Marketplace Expansion Index Rank
Same ranking as 2018
- Large addressable opportunity
- Thriving ecommerce market with notable global players
- Very mature payments ecosystem
- Currency volatility because of Brexit
- Worker mobility within the European Union may be restricted under Brexit
- Moderate projected growth
Facts You Can't Forget
Optimum Adoption. Ecommerce as a percentage of retail has a higher penetration in the UK than the US
Rising Profits. Healthy profit margins at home (Deliveroo says it’s profitable in the UK market).
Tried and Tested. A mature payments ecosystem with real-time payments and exceptional banking coverage.
For our full explanation, visit our methodology page
The fundamentals of any society and enterprise, including: payment infrastructure, ease of doing business, and Logistics Performance Index.
You’re only as good as your people. Factors in this category include: levels of English proficiency and participation in freelance employment.
This category assessed ecommerce opportunity size, retail ecommerce growth and ecommerce as a percentage of retail transactions.
The fate of foreign entrants, based on the volume of cross-border transactions and if a global marketplace dominates that geography.
"...British gig workers had a median average pay 47 percent lower than the national hourly minimum wage for the UK, among the worst rate in the countries studied."
"Around 2.8 million Britons did at least some work in the so-called gig economy in 2017, representing about 4.4 percent of the working population, according to research published by the Department for Business, Energy and Industrial Strategy earlier this year."
"Farfetch could have listed on the London Stock Exchange or the Financial Times Stock Exchange. But it chose a US exchange presumably because of the financial uncertainty caused by Brexit."