This is the value of Indonesia's Digital Economy in 2022 according to Google.

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Adi Ahdiat 27/10/2022 16:30 WIB

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According to a research report by Google, Temasek, and Bain & Company, Indonesia's digital economy was valued at approximately US$77 billion in 2022.

Indonesia's Digital Economy Value by Sector (2022)

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Indonesia's Digital Economy Value by Sector (2022)

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Indonesia's digital economy is estimated to have reached approximately US$77 billion in 2022, a 22% increase from the previous year. This was reported by Google, Temasek, and Bain & Company in their *e-Conomy SEA 2022* report.

The report notes the value of the digital economy in Southeast Asian countries based on gross merchandise value (GMV), which is the total value of sales of goods and services over a specific period.

In Indonesia, the largest GMV in 2022 came from the e-commerce sector, with an estimated value of US$59 billion.

Other digital economy sectors, namely online transportation and food delivery services, travel booking, and online media, each had a GMV of less than US$10 billion, as shown in the graph.

Google, Temasek, and Bain & Company project that Indonesia's digital economy will continue to grow and remain the largest in Southeast Asia until 2030. However, a number of macroeconomic challenges could potentially burden this growth prospect.

"With economic slowdown and a weakening labor market, consumer non-essential spending will decrease," said Google, Temasek, and Bain & Company in their report.

"Inflation in fuel and food prices, as well as the depreciation of Southeast Asian currencies, are driving up transportation and food delivery costs. The limited availability of products due to pandemic policies in China is also hindering logistics and reducing consumer access to goods," they continued.

Editor : Adi Ahdiat

"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."

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