February 5

Report: Southeast Asia’s Digital Economy to Reach 56% of Region’s GDP by 2027

By Catherine Knowles

According to the digital financial solutions group UnaFinancial, the gross value added (GVA) of Southeast Asian countries’ digital economy made up 45% of the region’s GDP in 2022. This economy is forecasted to contribute approximately 56% to the region’s GDP by 2027, with digital payments playing a significant role with a contribution of 61.5%.

In 2022, Southeast Asia’s digital economy was valued at $1.6 trillion GVA, equivalent to 44.8% of the region’s GDP. The Digital payments sector, contributing about $1 trillion of the gross value added, represented a majority share (62.9%) of this economy.

Photo courtesy of Campaign Creators.

Source: Data Center News (link opens in a new window)

digital payments, e-commerce, fintech