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Developing economies surpass $1 trillion mark in digitally deliverable services exports

Economic TimesEconomic Times Ā· 14d
Developing economies surpass $1 trillion mark in digitally deliverable services exports

Developing economies achieved a milestone in 2023 by surpassing a trillion-dollar mark in exports of digitally deliverable services, a first in history. However, this growth has not been evenly distributed, with least developed countries (LDCs) lagging behind due to challenges in infrastructure, digital skills, and restricted market access. The UN Trade and Development (UNCTAD) warns that without targeted interventions, the digital economy could further deepen existing inequalities. To address this, UNCTAD is working towards developing international guidelines to measure e-commerce and the digital economy, aiming to inform evidence-based policymaking and promote inclusive digital trade.

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