Ruth Goddess Juwita (The Jakarta Post)
Thursday, November 9, 2023
Indonesia is expected to see its digital economy slow in the coming years, in line with other emerging countries in the ASEAN region, as the bloc’s tech companies face pressure to shift to profitability after years of focusing on growth.
The country’s digital economy is projected to reach US$109 billion in gross merchandise value (GMV) in 2025, according to the annual “e-Conomy Southeast Asia” report released Nov. 1 by tech giant Google, Singapore-based Temasek and the United States research firm Bain & Company. That figure is lower than the $130 billion projected for the same period in last year’s report.
Similarly, Southeast Asia’s GMV is projected to reach $295 billion in 2025 according to the report, down from the $330 billion estimated in the previous report.
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