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Malaysia's ICT, e-commerce industry grows 14.8 pct in 2022

KUALA LUMPUR
2023-10-13 17:15

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KUALA LUMPUR, Oct. 13 (Xinhua) -- Malaysia's information and communication technology (ICT) and e-commerce industry grew 14.8 percent year on year to 412.3 billion ringgit (87.12 billion U.S. dollars) in 2022, official data showed on Friday.

The Department of Statistics Malaysia (DOSM) said in a statement that this contribution comprises the gross value-added ICT industry (GVAICT) at 13.6 percent and the e-commerce of other industries at 9.4 percent.

According to the DOSM, GVAICT recorded 243.7 billion ringgit with a growth of 12.4 percent in 2022.

Meanwhile, the gross value-added e-commerce registered 239.1 billion ringgit with a growth of 18.9 percent.

It is noted that the contribution of e-commerce to the gross domestic product (GDP) was 13.3 percent. (1 ringgit equals 0.21 U.S. dollar)
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