ICT, e-commerce industry generate 99.25 bln USD for Malaysia in 2023

KUALA LUMPUR, Oct. 15 (Xinhua) — Information and communication technology (ICT) and e-commerce generated 427.7 billion ringgit (99.25 billion U.S. dollars) for Malaysia in 2023, with a contribution of 23.5 percent to national gross domestic product (GDP), official data showed Tuesday.
The Department of Statistics Malaysia (DOSM) said in a statement that this resulted in a 3.9-percent year-on-year growth the ICT and e-commerce activities.
The gross value added of the ICT industry (GVAICT) comprised 13.8 percent of this growth, while e-commerce within non-ICT industries accounted for 9.6 percent.
The GVAICT accounted for 252 billion ringgit, recording an annual growth of 3.8 percent, supported by ICT services.
Gross value added of e-commerce amounted to 248.2 billion ringgit, with a slower growth of 3.7 percent.
The contribution of e-commerce to GDP recorded 13.6 percent, with the manufacturing sector remaining the main contributor. (1 ringgit 0.23 U.S. dollar) ■