Singapore’s digital economy hits $128 bil as AI use among SMEs triples

Singapore’s digital economy expanded to $128.1 billion in 2024, accounting for 18.6% of the nation's GDP, according to the Infocomm Media Development Authority’s (IMDA) latest Singapore Digital Economy Report 2025. The figure marks a $12 billion increase from 2023.

More than two-thirds of the digital economy’s output last year came from non-infocomm and communications sectors, led by finance and insurance, followed by wholesale trade and manufacturing.