Venezuela’s hyperinflation and volatile exchange rate has significantly affected e-Readiness. The country performs well in share of banking users, ranking fifth in Latin America. However, credit card usage is in part driven by the desire to avoid inflation.

e-Readiness Index

e-Commerce Spend

In 2015, the total e-Commerce spend in Venezuela reached US $442 million, and is predicted to grow 7.8% annually through to 2020, reaching $652 million.

e-Readiness Index Breakdown


Consumer Profiles

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