Ecommerce Journal: Internet and e-commerce industry in Venezuela

August 17, 2009 - 12:00pm | author: kara deniz

Venezuela is a tropical country on the northern coast of South America, that represents a continental mainland with numerous islands located off its coastline in the Caribbean Sea. Venezuela is considered to be one of the most urbanized countries in Latin America; the majority of Venezuelans live in the cities of the north, especially in the capital Caracas which is also one of the largest cities along with Maracaibo, Valencia, Maracay, Barquisimeto and Ciudad Guayana. Today we are to find what the country’s broadband market and e-commerce infrastructure like.

As for the Internet penetration in Venezuela, it’s considerably lower than average for Latin America. Thus, according to the worldstats.com data related to the second quarter of 2008 Venezuela accounted 5,900,000 Internet subscribers occupying the sixth position far behind Brazil with 50,000,000 users taking the first place, Argentina with 16,000,000 and Colombia with 13,700,000, taking second and third places, respectively. Fourth and fifth place are taken by Peru and Chile, having the penetration levels that are slightly higher than Venezuela’s one.

As for the Internet usage growth, for the period of 2000-20008 it made up 607.7%, but anyway, it’s still lower than in other developed countries and made up just 25,5 % with 6,723,616 subscribers. Thus, for example, in 2000 it was just 950,000 users or only 4.1% of the population; by 2005 their number grew to 3,040,000, or 12.2 %.
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