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Singapore's digital economy grows by S$12 billion, as tech jobs climb to 214,000

AI adoption among SMEs tripled to 14.5% with 71% average cost savings in cybersecurity, driving Singapore’s digital economy to S$128.1 billion, 18.6% of GDP, IMDA reports.

Summary by Channel News Asia
The median monthly wages for resident tech workers were much higher at S$7,950, compared to S$4,860 for overall resident workers in 2024.

3 Articles

Channel News AsiaChannel News Asia
Center

Singapore's digital economy grows by S$12 billion, as tech jobs climb to 214,000

The median monthly wages for resident tech workers were much higher at S$7,950, compared to S$4,860 for overall resident workers in 2024.

·Singapore
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The Straits TimesThe Straits Times
Lean Right

Singapore’s digital economy contributed 18.6% to GDP, generated 214,000 tech jobs in 2024

Most of the growth came from digitalisation in non-tech sectors rather than from tech firms. Read more at straitstimes.com.

·Singapore
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Business TimesBusiness Times

AI adoption fuels growth of Singapore’s digital economy, growing to 18.6% of 2024 GDP

IMDA report says adoption rates of artificial intelligence in firms are up, bringing cost savings; workers say the tech has raised productivity and saved time

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The Straits Times broke the news in Singapore on Monday, October 6, 2025.
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