Latin America's Digital Trade Surge | Jamaica News

Digital trade in Latin America and the Caribbean has surged nearly fivefold over two decades, hitting $89 billion and becoming a key economic engine. A joint report from the IDB, WTO, and World Bank highlights how online services exports jumped from $18.5 billion in 2005 to $87.7 billion in 2024, empowering small businesses and women-led startups to reach global markets. Tech like AI is accelerating growth, but the region still captures just 2% of global digital trade—with most exports flowing outside. To unlock full potential, experts call for better internet, updated regulations, streamlined borders, and tech training—requiring strong collaboration across governments, businesses, and international bodies to share in the digital economy’s boom. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4ac50f40d07f71e2