Venezuela’s Internet creates losses of $400 million
A study conducted by Netblocks and the Internet Society determined that in the country, the limitation in terms of broadband has caused millions of annual losses
The limitations and censorship regarding the use of the Internet in Venezuela not only causes disgust in the users, but it also creates millionaire losses for the nation.
A study conducted by Netblocks and the Internet Society, called Cost of Shutdown Toll, determined that Venezuela loses 400 million dollars daily due to the limitations of the network connection that exist in the country.
This figure a year totals 147 billion dollars, an amount that could be very significant to cope with the country’s economic situation.
In order to find this information, the two companies collected data from the World Bank, the International Telecommunications Institute (ITU), Eurostat and the US census.
The use of the data collection tool also helped to know that only between State of Miranda and WhatsApp application there is a negative economic impact of 645,879 dollars, very similar to that of Maracaibo city and Instagram, which is 537,194 dollars.
As for the losses of social networks, instant messaging, among other things, what Venezuela has lost amounts to 7,720,392 dollars.
K. Tovar
Source: Efecto Cocuyo
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