The digital economy in the Philippines was poised for growth in recent periods, as seen in the gross merchandise value that reached roughly 22 billion U.S. dollars in 2022. The internet economy will continue to see an upward trend in the following years, growing at around 150 billion U.S. dollars in 2030.
Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030
(in billion U.S. dollars)
Characteristic
GMV in billion U.S. dollars
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*Figures for 2023, 2025, and 2030 were interpreted as forecasts, although it was not specified by the source.
No data was provided by the source for 2020.
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Google, & Temasek Holdings, & Bain & Company. (November 1, 2023). Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved September 13, 2024, from https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/
Google, und Temasek Holdings, und Bain & Company. "Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030 (in billion U.S. dollars)." Chart. November 1, 2023. Statista. Accessed September 13, 2024. https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/
Google, Temasek Holdings, Bain & Company. (2023). Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: September 13, 2024. https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/
Google, and Temasek Holdings, and Bain & Company. "Gross Merchandise Value of The Internet Economy in The Philippines in 2019, 2021 and 2022, with Forecasts for 2023, 2025, and 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Nov 2023, https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/
Google & Temasek Holdings & Bain & Company, Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/ (last visited September 13, 2024)
Gross merchandise value of the internet economy in the Philippines in 2019, 2021 and 2022, with forecasts for 2023, 2025, and 2030 (in billion U.S. dollars) [Graph], Google, & Temasek Holdings, & Bain & Company, November 1, 2023. [Online]. Available: https://www.statista.com/statistics/1173910/philippines-gross-merchandise-value-internet-economy/
