ICT contributes 23.2% to GDP

ICT contributes 23.2% to GDP

14 Oct 2022

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

In a statement issued on Friday (Oct 14), it said the 23.2% contribution to GDP comprises of Gross Value Added ICT Industry (GVAICT) with 14% and e-commerce of other industries with 9.2%.

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

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

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

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 % followed by ICT services (29.2%) and ICT trade (21.9%). 

Source: Bernama