Christmas Facts

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The month leading up to Christmas is traditionally the busiest shopping period of the entire year.  Presented below are some facts and figures about the economics behind the Christmas holiday:

  • For many countries, Christmas is the single largest annual economic stimulus.
  • The day following Thanksgiving Day in the United States is referred to as "Black Friday".  This traditionally marks the beginning of the official Christmas shopping season.
  • It is estimated that consumers spent over $52 billion and $45 billion over the Thanksgiving weekends in 2011 and 2010.
  • The Monday immediately following Black Friday is sometimes referred to as "Cyber Monday" as it is the busiest online shopping day of the year.
  • Over $1.2 billion was spent online on Cyber Monday in 2011 which represents a more than 100% increase since 2006 (where sales were estimated at around $600 million).
  • The US Postal Service sells an estimated 1.3 billion holiday stamps every year.
  • Over 90% of Americans indicate that they exchange gifts during the Christmas holiday.
  • In 1998, it is estimated that Americans spent $1.5 billion purchasing Christmas trees.

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