1、THE ECONOMIC IMPACT OF GRAB IN SINGAPOREJANUARY 20251The Economic Impact of Grab in SingaporeTABLE OFCONTENTSExecutive summary1.Grab in Singapore2.Grabs economic impact in Singapore2.1 Total economic impact of Grabs on-demand services2.2 Pillar 1:Grabs operations2.3 Pillar 2:Merchant-partners2.4 Pil

2、lar 3:Driver-partners3.Wider impacts of Grabs activity4.Conclusion5.Technical appendix26101112131416202223The Economic Impactof Grab in SingaporeThe Economic Impactof Grab in SingaporeSince its establishment in 2012,Grab has rapidly evolved into a cornerstone of Singapores digital economy,catalysing

3、 innovation and transforming the daily lives of millions of citizens through its“super-app”.Leveraging advanced technology and data science,Grab offers a diverse range of services that span on-demand mobility,food and grocery deliveries,parcel services,and financial solutions.This broad spectrum of

4、services has redefined convenience for millions of users,whilst fostering digital inclusion and earning opportunities for its many driver-partners and merchant-partners.Grabs platform not only improves accessibility to goods and services for consumers,but also enhances operational efficiency for bus

5、inesses and creates new livelihood opportunities for its driver-partners.It plays an important role as an economic enabler,providing digital tools to empower individuals and small enterprises alike.This report explores Grabs economic contribution to the Singaporean economy,focusing on its impact on

6、gross domestic product(GDP)and the earning opportunities it creates.Through analysis of three key pillarsGrabs own operations,its merchant-partners,and its driver-partnerswe assess the full scope of Grabs influence on Singapores economy.CONTRIBUTING S$5.2 BILLION TO SINGAPORES GDP,SUPPORTING 117,000