The contribution of the ICT retail trade to Malaysia's GDP has shown steady growth from 2024 onwards. In 2024, it stood at 19.67 billion Malaysian Ringgits and is expected to increase to 21.63 billion by 2028. This represents a consistent annual increase, with a CAGR of approximately 2.4% over these five years. Year-on-year variations show an approximate growth of 2.5% per annum, reflecting a steady upward trend in the ICT segment's economic contribution.
Key future trends to watch include the potential impact of emerging technologies such as AI and IoT, increasing e-commerce adoption, and shifts in consumer behavior towards online shopping. These factors are anticipated to further enhance the ICT retail trade’s significance in Malaysia’s GDP.
