Malaysia: contribution of e-commerce to the GDP| ��ƽ��

Contribution of e-commerce to the gross domestic product (GDP) of Malaysia from 2015 to 2023 (in billion Malaysian ringgit)

Characteristic	Contribution to GDP in billion Malaysian ringgit
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Release date

October 2024

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Region

Malaysia

Survey time period

2015 to 2023

Supplementary notes

* Estimate.

** Preliminary.

Figures have been rounded.

One Malaysian Ringgit (RM) equals 0.23 U.S dollars and 0.22 euros as of January 2025.

Citation formats

As online shopping is becoming more common among Malaysian consumers, the e-commerce market also has a larger impact on the country’s economy. In 2023, e-commerce contributed * billion Malaysian ringgit to the gross domestic product (GDP), an increase of around **** billion Malaysian ringgit compared to the previous year.

The era of e-commerce

A 2023 survey showed that around ** percent of Malaysian respondents would make online purchases at least once a month, while ** percent claimed they shopped online once a week. E-commerce has gained traction in Malaysia, especially in the aftermath of COVID-19 and the Movement Control Order (MCO), during which most businesses and physical stores were closed. Since then, the e-commerce market value in Malaysia has increased by around ** billion Malaysian ringgit.

Which platform leads the Malaysian market?

In 2024, Shopee dominated the share of traffic of e-commerce platforms in Malaysia, with a ** percent share. The platform was first launched in 2015, by Singaporean e-commerce giant, Sea Limited. Nine years later, Shopee became the leading e-commerce player in the Southeast Asian market. In 2023, the Shopee app was downloaded more than *** million times in Malaysia.