The digital economy of the Philippines reached PhP 2.25 trillion at current prices in 2024, accounting for 8.5 percent to the country’s Gross Domestic Product. This represents a 7.6 percent increase from the PhP 2.09 trillion Gross Value Added recorded in 2023. (Figure 1 and Tables 1, 2, and 4)

The digital economy encompasses digital transactions under four key components: Digital-enabling infrastructure, Digital content and media, E-commerce, and Government digital services. Among these components, Digital-enabling infrastructure contributed the largest share at PhP 1.88 trillion. The top three industries under this component were Professional and business support services (32.7%), Telecommunication services (24.0%), and ICT Manufacturing industries (16.3%). The other components contributed as follows: E-commerce (13.5%), Digital content and media (2.4%), and Government digital services (0.3%). (Tables 1 and 3)

In terms of employment, the digital economy engaged 11.30 million workers in 2024, up by 4.8 percent from 10.78 million in 2023. The sector’s share to the total national employment stood at 23.1 percent. (Figure 2 and Tables 9 to 12)

Within the digital economy, E-commerce accounted for the highest share of employment at 77.9 percent, followed by Digital-enabling infrastructure (21.4%), Digital content and media (0.7%), and Government digital services (0.1%). (Figure 3 and Table 11)

This Press Release is based on the preliminary results of the pilot study on the Philippine Digital Economy Satellite Account conducted by the Philippine Statistics Authority (PSA). The methodology is currently under refinement and subject to further improvements. The PSA aims to institutionalize this satellite account upon the approval of the PSA Board.

For more information, the statistical tables, infographics, and technical notes can be accessed at https://psa.gov.ph/digital-economy.