Southeast Asian digital economy set to deliver $100 billion revenue in 2023

Southeast Asia’s digital economy has shown resilience and growth, with the region’s digital economy set to reach US$100 billion in revenue and US$218 billion in gross merchandise value (GMV) in 2023.

Key Takeaways

• Southeast Asia’s digital economy is resilient and adaptable, with revenue growing 1.7 times faster than gross merchandise value (GMV).
• Thailand is expected to be the second-largest digital economy in Southeast Asia by 2030, with a projected GMV of $100-165 billion, driven primarily by e-commerce growth.
• Digital financial services, particularly digital lending and payments, are driving the growth of the region’s digital economy.
• Efforts are needed to bridge the digital economic divide by promoting digital inclusion, including education initiatives, affordable products, and improved financial literacy.

Despite a decline in private funding, there is still capital available…