According to a new study by Visa Inc. “B2C Electronic Commerce in Latin America and the Caribbean: Beating All Odds.”, retail e-commerce in Latin America, including travel and tourism, rose to nearly $11 billion in 2007, up from about $5 billion in 2005 and $7.78 billion in 2006, and is expected to surpass $16 billion this year and reach nearly $30 billion by 2010.
Sales figures for leading Latin American markets, with sales in millions of dollars for 2007, 2006 and the percent change:
|Caribbean (except Puerto Rico)||818||585||45%|
Following are the categories cited by consumers, with the percentage of consumers saying they shop each category:
|Books, music, movies||21.4%|
|Tourism and travel||16.9%|
Source: Internet Retailer
Sante J. Achille
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[…] Source: Visa Inc. â€œB2C Electronic Commerce in Latin America and the Caribbean: Beating All Odds.â€, from Visa Predicts E-commerce in Latin America to surpass $16 billion this year, Sante J. Achille Jul 11, 2008, http://www.multilingual-search.com/visa-predicts-e-commerce-in-latin-america-to-surpass-16-billion-t… […]
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[…] Study by Visa Inc. providing Business to Consumer E-Commerce sales figures for leading Latin American markets and the Caribbean.Continue […]