ICT Contributes 23.2% To GDP

Information and Communication Technology (ICT) contributed 23.2 per cent to the Gross Domestic Product (GDP) with a growth of 12.1 per cent to RM359.3 billion in 2021, according to the Department of Statistics (DOSM).

DOSM released its Information And Communication Technology Satellite Account 2021 today (Oct 14), which revealed that the 23.2 per cent contribution to GDP comprises of Gross Value Added ICT Industry (GVAICT) with 14 per cent and e-commerce of other industries with 9.2 per cent.

GVAICT increased to RM217.1 billion with a growth of 7.8 per cent in 2021, supported by the ICT manufacturing industry and ICT services industry with a growth of 11.1 per cent and seven per cent respectively, it said.

As for Gross Value Added e-commerce, DOSM said the sector recorded growth of 22.7 per cent to RM201.1 billion in 2021.

It said in terms of contribution to GDP, e-commerce in the ICT industry contributed 3.8 per cent while e-commerce in other industries contributed 9.2 per cent.

DOSM said employment in the ICT industry amounted to 1.21 million persons in 2021, with the ICT manufacturing industry as the major contributor with a share of 35.9 per cent followed by ICT services (29.2 per cent) and ICT trade (21.9 per cent).

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