(Kuala Lumpur, 17th) According to the latest report by local economic consultancy firm EconWorks, Grab’s on-demand services (including ride-hailing and deliveries) contributed RM9.9 billion to Malaysia’s economy in 2023.
The report states that this contribution accounted for 0.5% of Malaysia’s Gross Domestic Product (GDP) in 2023, with 88% of the added value generated by drivers and merchant partners on the Grab platform, who actively provide various services.
In 2023, driver partners contributed RM4.6 billion, making up 0.25% of GDP. Additionally, Grab’s ecosystem created up to 277,237 income opportunities, providing additional revenue sources for drivers, merchant partners, and workers in their supply chains.
"This means that for every 64 working individuals in Malaysia, one benefits from economic activities related to Grab. The income opportunities brought by the platform contributed an additional RM3.7 billion to household earnings."
The report highlights that this growth not only improved the income levels of drivers and merchant partners but also benefited more Malaysians.
EconWorks Managing Director Dr. Wan Kartinah Nawawi stated that since Grab entered the Malaysian market 12 years ago, it has brought significant economic benefits to communities nationwide.
"For every RM1 transacted through Grab, an additional RM1.50 in economic activity is generated across broader sectors, demonstrating the positive impact of the Grab ecosystem on millions of Malaysians’ daily lives."
She also emphasized that the study reflects Malaysia’s favorable business environment, particularly in the digital economy, which provides platforms like Grab the opportunity to grow and contribute to the economy.
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