Grab contributed as much as 0.8% of Singapore GDP in 2023: report
Finance and insurance, professional services, real estate, as well as the wholesale and retail sectors benefit the most from the wider supply chain impact
Published Fri, Jan 24, 2025 · 02:55 PM
Singapore Economy
- Oxford calculated the direct GDP contribution using the sum of Grab’s earnings before interest, taxes, depreciation and amortisation, as well as wages paid to its employees, and taxes incurred. PHOTO: BT FILE
- Oxford calculated the direct GDP contribution using the sum of Grab’s earnings before interest, taxes, depreciation and amortisation, as well as wages paid to its employees, and taxes incurred. PHOTO: BT FILE
- Oxford calculated the direct GDP contribution using the sum of Grab’s earnings before interest, taxes, depreciation and amortisation, as well as wages paid to its employees, and taxes incurred. PHOTO: BT FILE
- Oxford calculated the direct GDP contribution using the sum of Grab’s earnings before interest, taxes, depreciation and amortisation, as well as wages paid to its employees, and taxes incurred. PHOTO: BT FILE
- Oxford calculated the direct GDP contribution using the sum of Grab’s earnings before interest, taxes, depreciation and amortisation, as well as wages paid to its employees, and taxes incurred. PHOTO: BT FILE
RIDE-HAILING company Grab added S$5.2 billion to Singapore’s economy in 2023 through its on-demand services such as ride-hailing and delivery, an Oxford Economics report indicated.
This is equivalent to about 0.8 per cent of Singapore’s gross domestic product, said the research firm.
This is a breakdown of the S$5.2 billion contribution to the economy, said Oxford: