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Digital Economy contributes 8.4 percent to the Economy in 2023
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The digital economy in 2023 amounted to PhP 2.05 trillion, contributing 8.4 percent to the country's Gross Domestic Product. This resulted to a 7.7 percent growth from the PhP 1.90 trillion Gross Value Added of digital economy in 2022.
Digital Economy Contributes 9.4 Percent to the Gross Domestic Product in 2022
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The Philippine digital economy in 2022 amounted to PhP 2.08 trillion, contributing 9.4 percent to the country’s economy or Gross Domestic Product (GDP).
Country’s Digital Transactions Reached PhP 1.87 Trillion in 2021, with 9.6 Percent Contribution to the Gross Domestic Product
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The digital economy in 2021 amounted to PhP 1.87 trillion, contributing 9.6 percent to the country’s economy or to the Gross Domestic Product (GDP). This represents an increase of 7.8 percent from the PhP 1.73 trillion recorded in 2020. (Tables 1, 2…