Southeast Asia's digital economy is expected to reach $1 trillion in value by 2030 thanks to continued shifts in consumer and merchant behavior, matched with strong investor confidence, says a new report from Google, Temasek, and Bain & Company.
The E-Conomy SEA 2021—Roaring 20s: the SEA Digital Decade is an annual report that looks at the region's digital economy. This year, the report examined the digital economies of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Viet Nam.
The report notes that while the region’s internet economy was resilient in 2020, a resurgence in 2021 has propelled the region upwards to $170 billion in gross merchandise value. E-commerce, food delivery, and digital financial services remain primary growth drivers and are expected to propel the internet economy to reach $360 billion by 2025.
Contents
Executive Summary
Consumers cruise into a new way of life
Digital merchants take off
Resilience gives way to resurgence
Funding on track to reach new heights
The twenties roar towards a trillion
Country spotlights
Published in November 2021.
Source: Google
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