Philippines' digital economy valued at 32 billion USD in 2021
The Philippines' digital economy amounted to 1.87 trillion pesos (32 billion USD), up 7.8% from 2020, as per data from the Philippine Statistics Authority (PSA).
Manila (VNA) - The Philippines' digital economy amounted
to 1.87 trillion pesos (32 billion USD), up 7.8% from 2020, as per data from
the Philippine Statistics Authority (PSA).
The agency said the digital economy contributes 9.6% to the country's gross domestic product last year.
Of the total digital transactions in 2021, digital-enabling infrastructure made up a lion’s share of 79.6%; e-commerce contributed 17.6%, while digital media or content constituted 2.8%.
The PSA said the strict quarantine restrictions during the COVID-19 pandemic in 2020 and 2021 highly impacted e-commerce transactions, particularly in accommodation, transport, and other tourism-related activities.
Employment in digital-enabling infrastructure recorded the highest share in 2021, with 76.9%, followed by e-commerce (20.7%) and digital media or content (2.4%)./.
The agency said the digital economy contributes 9.6% to the country's gross domestic product last year.
Of the total digital transactions in 2021, digital-enabling infrastructure made up a lion’s share of 79.6%; e-commerce contributed 17.6%, while digital media or content constituted 2.8%.
The PSA said the strict quarantine restrictions during the COVID-19 pandemic in 2020 and 2021 highly impacted e-commerce transactions, particularly in accommodation, transport, and other tourism-related activities.
Employment in digital-enabling infrastructure recorded the highest share in 2021, with 76.9%, followed by e-commerce (20.7%) and digital media or content (2.4%)./.
You should also see
Japanese Ambassador bids farewell to Acting President
Acting State President Vo Thi Anh Xuan on April 24 hosted a reception for Japanese Ambassador to Vietnam Yamada Takio who came to bid farewell to her.
See more
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
World
Cambodia, Laos vow to boost bilateral ties
Cambodia and Laos vowed to boost their bilateral relations and cooperation for mutual benefits during Lao President Thongloun Sisoulith’s State visit to the neighbouring country on April 23-24.
World
Bank Indonesia raises interest rates to highest level in 7 years
Bank Indonesia (BI) on April 24 raised interest rates to their highest level in seven years.
World
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on 8 May, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
