• The value of the Philippine digital sector went up by 7.7 percent to P2.05 trillion in 2023 from P1.9 trillion in 2022, according to the Philippine Statistics Authority.
  • However, preliminary data released by the PSA showed the contribution of the sector to the country’s gross domestic product (GDP) declined slightly to 8.4 percent in 2023 from 8.6 percent in 2022.
  • The digital economy is composed of digital transactions covering digital-enabling infrastructure, e-commerce, digital media or content and government digital services.