Software piracy costs US$1mn a day

- Friday, September 2, 2011

Software piracy costs US$1mn a day

Chile loses some US$1mn each day due to software piracy, local press reported, citing a study by IDC and the Business Software Alliance.

According to the study, the country has lost US$349mn in the last year due to software piracy, placing Chile among the five countries in Latin America with the largest financial losses for software piracy.

Globally, Chile is among the top 30 countries with the largest trade losses.

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But the study also found that the country had reduced the rate of software piracy from 64% to 62% in the last year. On the other hand, in Latin America the rate has increased from 63% to 64%.

By comparison, the average software piracy rate for member countries of the Organization for Economic Cooperation and Development (OECD), which in Latin America includes Mexico and Chile, is close to 36%.