Although the US and Canada lead the world in ecommerce spending, other countries are increasingly shopping online. By 2014, global ecommerce spending is projected to increase more than 90 percent. A sizable portion of that growth is expected to come from Latin America, where the amount spent online is projected to more than double.
If these projections are accurate, annual ecommerce spending, in billions for 2014 will be:
- North America $202.8
- Western Europe $166.5
- Asia-Pacific $93.2
- Latin America $27.1
- Eastern Europe & Russia $27.0
- Australia $4.9
- Africa & The Middle East $3.0
Source: Inc. December 2010/January 2011
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