By Bless Aubrey Ogerio, April 29, 2025; BusinessMirror
https://businessmirror.com.ph/2025/04/29/phl-digital-economy-up-by-7-6-to-p2-25-trillion-in-2024/
FUELED by rising e-commerce and tech services, the Philippines’ digital economy expanded by 7.6 percent in 2024, reaching P2.25 trillion, latest government data showed.
Philippine Statistics Authority (PSA) records indicate that the digital economy accounted for 8.5 percent of the country’s gross domestic product (GDP) last year.
“The digital economy encompasses digital transactions under four key components: Digital-enabling infrastructure, Digital content and media, E-commerce, and Government digital services,” the PSA said.
Employment in the sector also went up, engaging 11.30 million workers in 2024—a 4.8-percent jump from 10.78 million in 2023. Its share of the total national employment stood at 23.1 percent.
E-commerce made up the bulk of employment at 77.9 percent, followed by digital-enabling infrastructure (21.4 percent), digital content and media (0.7 percent), and government digital services (0.1 percent).
In terms of value, digital-enabling infrastructure contributed the biggest chunk at P1.88 trillion.
Top industries under this segment included professional and business support services (32.7 percent), telecommunications services (24 percent), and ICT manufacturing industries (16.3 percent).
Meanwhile, e-commerce contributed 13.5 percent to the digital economy, while digital content and media made up 2.4 percent, and government digital services at 0.3 percent.
