Singapore’s digital economy last year contributed 17.3 per cent to its gross domestic product (GDP), up from 13 per cent in 2017.This represents a near-doubling of its value added or economic contribution to S$106 billion, up from S$58 billion over the five-year period.
IMDA defines this economic contribution as the sum of income generated from the domestic production of goods and services, which promises gross operating surplus, remuneration and taxes after subsidies on production.