Singapore’s digital economy contributed SG$ 113.2 billion in 2023, accounting for 17.7% of GDP. The sector maintained a strong compound annual growth rate (CAGR) of 11.2% since 2018. This growth is driven by a strategic emphasis on digitalisation, workforce development, innovation, and sustainability. The digital economy remains a key driver of national growth.
Singapore is investing in emerging technologies like AI, quantum computing, and blockchain to future-proof industries. The country is also focusing on human capital development through targeted upskilling and reskilling programs. Initiatives like the TechSkills Accelerator equip workers with sought-after skills in AI, 5G, and cybersecurity. This ensures a future-ready digital economy with a skilled workforce.
