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flag Singapore's digital economy hit 18.6% of GDP in 2024, driven by broad sector adoption of AI and digital tools.

flag Singapore's digital economy grew to 18.6% of GDP in 2024, reaching S$128.1 billion, up from 14.9% in 2019, driven by digital transformation across finance, trade, and manufacturing rather than tech firms alone. flag Tech employment rose to 214,000, with AI, data, and cybersecurity roles expanding fastest, especially in non-ICT sectors. flag Digital adoption among SMEs hit 95.1%, with AI use surging—SME adoption tripled to 14.5%—and firms using AI reporting up to 71% cost savings. flag Median tech wages reached S$7,950, well above the national average, while demand for skills like Python, SQL, and cloud platforms grew.

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