News & Reviews:   GDP

It is estimated that Malaysians spent a staggering RM707.9 billion via e-commerce platforms in 2024, equivalent to 36.7% of our country’s gross domestic product (GDP). This is according to Dr Mohd Afzanizam Abdul Rashid, the Chief Economist of Bank Muamalat Malaysia Berhad, as estimated by the latest data from the Department of Statistics Malaysia (DOSM).

Digital Minister Gobind Singh Deo has revealed that the Government is targeting the digital economy to contribute 25.5 per cent to Malaysia’s GDP by the end of next year. Currently, the digital economy makes up 23 per cent of our GDP.