82% of SMEs have used at least one digital solution to enhance general business functions
SINGAPORE’S digital economy grew 6.6 per cent to account for S$113 billion of the nation’s gross domestic product in 2023, up from S$106 billion in 2022.
The digital economy accounted for 17.7 per cent of national GDP, which the Infocomm Media Development Authority (IMDA) said exceeds that of the financial services and insurance sector, and is on a par with the manufacturing sector.
It added that the information and communications (I&C) sector accounted for around a third of the digital economy, and non-I&C sectors made up the balance.
