Singapore Digital Economy 2025 Reaches USD99bn or 18.6% of GDP

Singapore’s digital economy 2025 expanded to SGD128.1bn (USD99bn) in 2024, accounting for 18.6% of GDP, up from 18.0% in 2023 and 14.9% in 2019, according to the Infocomm Media Development Authority’s (IMDA) latest report. The Infocomm Media Development Authority said more than two-thirds of the digital economy’s output came from non-Information & Communications sectors, led by finance and insurance, wholesale trade, and manufacturing. SME digital adoption climbed to 95.1%, with intensity rising to 2.3 from 2.0 and 97% of SMEs now using sector-specific digital tools, compared with 85% a year earlier. Singapore’s tech workforce grew to 214,000 from 208,300, with the highest demand seen in AI, data and cybersecurity roles. Median tech pay rose to SGD7,950 from SGD4,860, while AI adoption reached 14.5% of SMEs and 62.5% of large enterprises, reflecting Singapore’s continued momentum as a digital leader in Asia.