Indonesia's Digital Economy to Hit US$130bn in 2025: Trade Minister

TEMPO.CO, Jakarta - Indonesian Minister of Trade Zulkifli Hasan or Zulhas said the country’s digital economy has shown great potential to contribute to the national economy in the past five years.

“The e-Conomy SEA Report 2022 notes Indonesia's digital economy is predicted to reach US$77 billion in 2022 and US$130 billion in 2025,” Zulhas said at the Alibaba Cloud Data Management Summit held in Jakarta, Tuesday, July 25, 2023.

Zulhas said the government would continue to encourage the utilization of the digital economy. One of them is by accelerating digital transformation in the trade sector in an inclusive and sustainable manner by supporting collaboration in four sectors, namely MSMEs, marketplaces, modern retail, and financing institutions.

According to Zulhas, digital ecosystem activities, especially in e-commerce, are closely related to data as the main pillar in today's digital era.

“With a large amount of activity taking place in the digital ecosystem, digital infrastructure is also necessary and must be ready to serve the massive demand for computing resources and storage,” he said.

Therefore, Zulhas assessed that business actors engaged in providing cloud computing facilities, cloud storage, or other technologies that are capable of supporting greater utilization of the digital economy are urgently needed.

AMY HEPPY

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