The e-commerce sector has contributed RM74.6 billion, or 6.1 per cent to the gross domestic product (GDP) in 2016.
International Trade and Industry Deputy Minister, Datuk Seri Ahmad Maslan said on Wednesday that the sector has recorded significant growth in 2016 from RM68.3 billion, or 5.9 per cent in 2015.
He added that the government had set up a National E-Commerce Strategic Plan 2016-2020, which is projected to double the rate of e-commerce growth in Malaysia to 20.8 per cent by 2020 from 10.8 per cent in 2016.
Ahmad Maslan said that the growth rate will contribute over RM211billion in value to the GDP compared to the initial target set under the 11th Malaysia Plan which is RM114billion.
