Singapore's Digital Economy at 18.6% of GDP, up from 14.9% in 2019; Growth fuelled by accelerating digitalisation and AI adoption across sectors and firms
Published on: Oct. 6, 2025, 2:45 p.m. | Source: The Tribune
Singapore, October 6: Digitalisation is essential to the growth of Singapore's overall economy. In 2024, Singapore's digital economy grew by S$12 billion[1], expanding to a total of S$128.1 billion. This accounts for 18.6% of the nation's gross domestic product (GDP), up from 18.0% in 2023 and 14.9% in 2019. Pulse survey conducted by IMDA unveiled 3 in 4 workers are using AI tools regularly, with 85% of the AI-using workers polled finding that AI helps them to work faster and better. SMEs' AI adoption rate more than tripled in just one year: 14.5% of SMEs and 62.5% of non-SMEs adopted AI in 2024.
