Digital economy expected to contribute 25.5% to Malaysia's GDP by 2025

Malaysia's digital economy sector is targeted to make up 25.5% to the gross domestic product (GDP) by 2025, said Digital Minister Gobind Singh Deo.

Wednesday, February 21, 2024 16:08

Digital economy expected to contribute 25.5% to Malaysia's GDP by 2025 ảnh 1

Kuala Lumpur at night (Photo: VNA)

KualaLumpur (VNA) – Malaysia's digital economy sector is targeted to make up 25.5% to the gross domestic product (GDP) by 2025, said Digital Minister Gobind Singh Deo.

The sector currently contributes 23.3% to the country's GDP.

Inan announcement on February 21, the minister said that Malaysia encouragespeople to take part in the digital economy ecosystem. This is something thateverybody should be looking at seriously as this is how things are going to movein the future. Infrastructure and connectivity are significant factors indeveloping the country’s digital economy.

MalaysiaDigital Economy Cooperation (MDEC) is a unit specialising in researching,designing application software and organising programmes to promote digitalculture for the community including micro, small and medium enterprises.

The MDEC has trained more than 560,000 entrepreneurs nationwide viathe eUsahawan and generated cumulative sales of more than 1.24 billion MYR(nearly 259 million USD) since its 2015 implementation./.

VNA

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