The digital economy in 2022 aggregated P2.08 trillion, around 9.4 percent of the country’s gross domestic product, according to a pilot study done by the Philippine Statistics Authority.
The estimated value of the local digital economy last year represents an increase of 11 percent from only P1.87 trillion in 2021.
The PSA said the digital economy is composed of digital transactions covering digital-enabling infrastructure, e-commerce, and digital media content. Digital-enabling infrastructure made up the largest share, amounting to P1.60 trillion, or 77 percent of total, and up 7.5 percent from the previous year.
E-commerce, which contributed 20 percent of the digital economy in 2022, rose 27 percent from previous year’s record of P328.84 billion while digital media content accounted for P57.41 billion, or 2.8 percent.
The estimated number of the employed in the digital economy last year was 6.05 million, up 8.2 percent from a year earlier.
