Study further found 79% of consumers in Asia Pacific want digital identity system
SINGAPORE – ) with the World Bank , and , which equalled 3.73%. Given that the digital economy grows 2.5x quicker than Global GDP, the digital economy’s growth rate for 2022 was 9.33%.
Compounding this growth until 2025 meant that the digital economy would be worth US $20.8 trillion, while the Global GDP would be US $108.9 trillion. Therefore, the digital economy would account for 19.13% of Global GDP in 2025 an increase of 3.63% over 2021.
Given the current macroeconomic context these are clearly projections, which assume that the economy will continue to grow through 2025 with a significant economic downturn. Additionally, the value of the digital economy may in fact be a greater percentage of the Global GDP in years to come as our economy continues to benefit from digital innovation and more humans getting access and begin contributing to the digital economy. The above analysis was conducted by Callsign Corporate Strategy team.
