The Philippine digital economy reached P2.25 trillion at current prices in 2024, accounting for 8.5 percent to the gross domestic product.
This represents a 7.6-percent increase from P2.09 trillion in gross value added recorded in 2023, the Philippine Statistics Authority said.
The digital economy encompasses digital transactions under four key components: digital-enabling infrastructure, digital content and media, e-commerce and government digital services.
Digital-enabling infrastructure contributed the largest share at P1.88 trillion. The top three industries under this component were professional and business support services (32.7 percent), telecommunication services (24.0 percent) and ICT manufacturing industries (16.3 percent).
The other components contributed as follows: e-commerce (13.5 percent), digital content and media (2.4 percent) and government digital services (0.3 percent).
Data showed that 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.
Within the digital economy, E-commerce accounted for the highest share 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).
