These are among the findings of the 9th edition of the e-Conomy SEA report by Google, Temasek and Bain & Company. The report provides insights on six digital sectors, examines the current state and future prospects of technology funding in the region and delves into the factors essential for ensuring inclusive growth.
Southeast Asia’s digital economy has grown its profits by 2.5 times over the last two years, from US$4 billion in 2022 to US$11 billion ($14.5 billion) in 2024. This is driven by tighter commissions, targeted incentives, new revenue streams and the significant strides key players have made towards profitability milestones.
The region’s digital economy is also expected to reach US$263 billion in Gross Merchandise Value (GMV), a 15% increase over last year. Revenues have grown 14% and are projected to reach $89 billion this year. This suggests that the digital economy can achieve both profitability and growth in tandem, marking a significant step towards achieving sustainable economic value.
