by There is a significant gap in the online trade between high and low-income countries that UNCTAD says urgently needs to be narrowed, if populations are to benefit from the digital economy. © Keystone / Christian Beutler Switzerland is the best equipped country for online shopping, according to a United Nations comparison of more than 150 states. Last year, 97% of the Swiss population used the Internet, the annual study by the Geneva-based UN Conference on Trade and Development (UNCTAD) revealed on Wednesday. The Alpine nation received one of the highest scores (97 out of 100) for reliability of postal services. This is a key element of online shopping, which in 2018 was worth an estimated .4 trillion (CHF3.95 trillion) globally – up 7% from the previous year.
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Business, Featured, newsletter
This could be interesting, too:
RIA Team writes The Importance of Emergency Funds in Retirement Planning
Nachrichten Ticker - www.finanzen.ch writes Gesetzesvorschlag in Arizona: Wird Bitcoin bald zur Staatsreserve?
Nachrichten Ticker - www.finanzen.ch writes So bewegen sich Bitcoin & Co. heute
Nachrichten Ticker - www.finanzen.ch writes Aktueller Marktbericht zu Bitcoin & Co.
There is a significant gap in the online trade between high and low-income countries that UNCTAD says urgently needs to be narrowed, if populations are to benefit from the digital economy. © Keystone / Christian Beutler
Switzerland is the best equipped country for online shopping, according to a United Nations comparison of more than 150 states.
Last year, 97% of the Swiss population used the Internet, the annual study by the Geneva-based UN Conference on Trade and Development (UNCTAD) revealed on Wednesday. The Alpine nation received one of the highest scores (97 out of 100) for reliability of postal services. This is a key element of online shopping, which in 2018 was worth an estimated $4.4 trillion (CHF3.95 trillion) globally – up 7% from the previous year.
Eight of the top ten countries were in Europe (Singapore and Hong Kong were the other two), making it the leading continent for e-commerce. More than 70% of the adult population in Canada, the United States and 10 European states shop online. But in most low-income countries, that proportion is well below 10%.
“The e-commerce divide remains huge,” said Shamika N. Sirimanne, who heads the Geneva-based division responsible for preparing the index. With the Covid-19 pandemic, it was more urgent for countries trailing behind to strengthen their e-trade readiness, she added, so that their populations can benefit from the digital economy. Globally the pandemic has given a boost to online shopping.
To establish the ranking, UNCTAD assessed countries on access to secure internet servers, reliability of postal services, and people’s access to the Internet and to a bank account or mobile financial services.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-02-15
Update February 15 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.1 bn. compared to last week, this means the SNB is selling euros and dollars.
Julius Baer: mast do better
2021-02-02
Swiss private bank Julius Baer has benefitted from rising global markets over the past year, but can it keep it up the momentum?
UBS to close a sixth of its Swiss branches
2021-01-14
The closures will affect 44 of the bank’s 239 branches in the country, mainly smaller ones, UBS confirmed on Tuesday. The bank plans to continue beefing up its online offers.
Credit Suisse chief vows a ‘clean slate’ in 2021
2020-12-22
The chief executive of Credit Suisse has vowed the bank will start 2021 with a “clean slate” after a torrid year that began with a damaging corporate spying scandal and was punctuated by embarrassing fallout from legacy compliance and lending failures.
Five lessons from the Swiss ‘responsible business’ vote
2020-12-01
The battle over the responsible business initiative is now over. The way the campaign was managed and how the issue was eventually decided says a lot about Switzerland.
Swiss bank caught in Venezuelan money-laundering scandal
2020-10-08
The Swiss Financial Market Supervisory Authority (FINMA) has found that Banca Credinvest “seriously violated money-laundering regulations” in its handling of Venezuelan client relationships.
Credit Suisse makes digital push as it closes down branches
2020-09-14
Credit Suisse is taking on so-called challenger banks with a new digital service for customers, including a debit card with no foreign transaction fees. The bank is closing down branches across Switzerland and is converting others into a “digital bar” concept.
Trading platforms profit from pandemic chaos
2020-09-02
While Covid-19 has been wreaking havoc on the economy, many banks and trading platforms have recorded bumper results. Profits were boosted by elevated trading activity, but future prospects are mixed depending on the type of financial player.
Tags: Business,Featured,newsletter