Digital Economy Projected To Represent 25.5% Of Malaysia’s GDP, Says Fahmi

Communications and Digital Minister Fahmi Fadzil said that the digital economy stands as one of Malaysia’s primary economic pillars, contributing 23.2% of the nation’s gross domestic product on 2021. This figure is projected to rise to 25.5% by 2025.

“To further accelerate this growth, the government through Malaysia Digital Economy Corporation (MDEC) launched Malaysia Digital (MD) last year, a national strategic initiative aimed at attracting companies, talents, and investments while empowering Malaysian businesses and individuals and the people to play a leading role in the global digital economy,” said Fahmi during the launch of the MDEC Horizon-Digital Economy Publication 2022.

According to him, the MD initiative aligns with the broader vision outlined in MyDigital, a government initiative that seeks to transform Malaysia into a high-income nation centered on digital and positioned as a regional leader in the digital economy.

He added that Horizon serves as an invaluable reference guide, offering insights, trends, and analyses on all aspects related to the digital economy. It is carefully curated by experts from various fields and offering in-depth information that will undoubtedly prove invaluable.

“Earlier today, an engaging industry dialogue featuring a lively panel of representatives from MDEC, the World Bank, and Carsome also took place. These activities are in line with the aspirations of our Ministry, as we continue to push the nation forward with our digital agenda. Our goal is to ensure that the data and information on the digital economy are accessible to everyone,” said Fahmi.

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