Singapore’s Digital Economy at 18.6% of GDP, up from 14.9% in 2019; Growth fuelled by accelerating digitalisation and AI adoption across sectors and firms
Digitalisation is essential to the growth of Singapore’s overall economy. In 2024, Singapore’s digital economy grew by S$12 billion , expanding to a total of S$128.1 billion. This accounts for 18.6% of the nation’s gross domestic product (GDP), up from 18.0% in 2023 and 14.9% in 2019.