Indonesia's Internet Economy Largest in ASEAN in 2019

Economics & Macro

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Cindy Mutia Annur 20/10/2020 10:50 WIB

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In 2019, Indonesia recorded the largest internet economy in ASEAN, valued at US$40 billion.

The Economic Value of Internet in ASEAN Countries (Google, Temasek, and Bain & Company)

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The Economic Value of Internet in ASEAN Countries (Google, Temasek, and Bain & Company)

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A report by Google, Temasek, and Bain & Company notes that Indonesia had the largest internet economy in Southeast Asia in 2019, reaching US$40 billion. Thailand followed with a US$16 billion internet economy, then Singapore at US$12 billion. Malaysia and the Philippines each recorded US$11 billion and US$7 billion respectively.

With a total ASEAN internet economy valued at US$100 billion in 2019, the research predicts that this figure will reach US$300 billion by 2025. Note that the internet economy includes e-commerce, online travel, online media, and ride-hailing.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."