The robust growth of Singapore’s digital economy created more than 200,000 tech jobs in the past year, according to a new report by IMDA. (Source: Prasit Rodphan/Alamy Stock Photo) The digital economy of Singapore almost doubled its contribution to the gross domestic product (GDP) over the last five years, reaching S$106 billion (US$77.7 billion) in 2022, which accounts for more than 17% of the city’s GDP. This robust growth also created more than 200,000 tech jobs in the past year, according to a new report published Friday by the Infocomm Media Development Authority (IMDA). The report , developed in partnership with the Lee Kuan Yew School of Public Policy, is the government’s first attempt at defining and measuring the scope of the city’s digital economy with an eye on monitoring its direction and pace of change over time. Singapore’s digital economy is divided into two parts: the information and communications sector; and digitalization in the rest of the economy. One-third of the digital economy is driven by the information and communication sector, while two-thirds by the digitalization across the rest of the economy. The report said that the information and communication sector is a key driver of digitalization, supplying […]
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