Thailand’s digital GDP skyrockets to B2tn in 2021

Thailand’s digital GDP reached 2 trillion baht in 2021 after posting year-on-year growth of 14.1%, according to a study by the Office of the National Digital Economy and Society Commission (ONDE).

The increase was attributed to Covid-19 infections easing and a partial economic recovery, supported by the return of the production of digital products and services, said Putchapong Nodthaisong, secretary-general of ONDE.

Digital GDP made up 13% of the national GDP in 2021, up from 11.8% in 2020.

“This reflects the country’s capability for economic adjustment towards digital technology, which can deliver effective economic activities in the digital era,” Mr Putchapong said.

Other economic activities adjusted slowly, which was reflected by digital GDP gains outpacing the national GDP…