Indonesia’s Digital Economy: Latest e-Conomy Findings and Projections

Google, Temasek and Bain & Company have released the e-Conomy Sea 2023 research concerning Indonesia's digital economy development. In this research, these three institutions stated that the gross merchandise value (GMV) of Indonesia's digital economy will grow by eight percent in 2023 to reach US$82 billion, then increase by 15 percent to US$109 billion in 2025, and more than double in five years to reach US$360 billion by 2030.

The research indicates that the growth of the digital economy is influenced by the increase in the Gross Domestic Product (GDP) and inflation, which are expected to normalise gradually. "Indonesia's economic growth is expected to continue to outpace the regional average and will be a primary driver of digital economic growth," as quoted from the research. Following the lifting of mobility restrictions due to the COVID-19 pandemic at the end of 2022, activity has increased across various sectors, including the digital economy.