The Philippines’ digital economy was valued at P2.08 trillion in 2022, up 11% from P1.87 trillion in 2021 amid the rise in digital transactions, according to a preliminary report by the Philippine Statistics Authority (PSA).
The Philippines’ digital economy was valued at P2.08 trillion in 2022, up 11% from P1.87 trillion in 2021 amid the rise in digital transactions, according to a preliminary report by the Philippine Statistics Authority .
It said of the total amount of digital transactions in 2022, Digital-enabling infrastructure made up the largest share amounting to P1.60 trillion or 77.2%. Meanwhile, E-commerce contributed 20% to the total digital economy in 2022 amounting to P416.123 billion.Digital media/content accounted for P57.41 billion or 2.8% of the total digital economy. It grew by 11.8% from P51.4 billion in 2021.
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