Jakarta, August 12, 2025 – Indonesia’s digital economy contributed IDR 1,860 trillion or 8.4 percent of the country’s Gross Domestic Product (GDP) in 2024. Its annual growth reached 7 percent, outpacing the national economy’s growth rate of 5 to 6 percent. The sector is seen as a vital driver for achieving the target of 8 percent annual growth under the Golden Indonesia 2045 vision.

Data from the Prasasti Center for Policy Studies shows that the digital economy’s Incremental Capital Output Ratio (ICOR) stands at 4.3, lower than the national ICOR of 6.6. 

“From a macroeconomic perspective, the faster and more efficient growth of the digital sector offers opportunities to accelerate long-term targets. Its efficiency and strong job absorption capacity make it a strategic growth engine,” said Piter Abdullah, Director of Policy and Program at Prasasti.

Indonesia holds 40 percent of the digital economy value among six major ASEAN countries. This value is projected to grow three to five times by 2030, reaching USD 220 to 360 billion. Key growth drivers include digital infrastructure, improved human capital capacity, and transformation in both public and private sectors.

Indonesia leads ASEAN’s digital economy, contributing 40% of the region’s value and growing 7% annually, set to reach USD 220–360 billion by 2030 as a key driver toward the Indonesia Emas 2045 vision

Gundy Cahyadi, Research Director at Prasasti, noted that the digital sector’s low ICOR reflects its ability to generate additional GDP with less investment. “Our research shows that digital-based business models can expand economic impact to regional areas. The potential is significant for creating quality jobs and supporting inclusive growth,” he said.

A case study on a national technology company recorded an economic impact worth hundreds of trillions of rupiah over the past four years. Its ecosystem absorbed more than two million workers and reduced poverty rates across multiple regions. This highlights the role of the digital sector in driving growth in major economic hubs while promoting more balanced regional development.

This development aligns with global trends such as the adoption of artificial intelligence, supply chain digitalization, and the application of Environmental, Social, and Governance (ESG) principles. These factors give Indonesia’s digital economy a strategic position as a long-term growth engine toward the Golden Indonesia 2045 vision.

Learn more about Prasasti Research on Digital Economy, click here