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On October 6, 2023, Singapore’s digital economy contributed $106 billion, or 17.3 per cent, to its gross domestic product (GDP) in 2022 and created more than 200,000 tech jobs, according to new data released by the nation’s media regulator.
Published on Friday (October 6, 2023), the findings in the inaugural Singapore Digital Economy Report are the first official figures provided for the Republic’s digital economy.
The study found that economic contribution of the digital economy to Singapore’s GDP nearly doubled to $106 billion from $58 billion between 2017 and 2022. It was put together by the Infocomm Media Development Authority (IMDA) and the Lee Kuan Yew School of Public Policy.
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