The e-commerce sector in the Philippines had been boosting the growth of the digital economy in recent years. With a gross merchandise value of roughly 15 billion U.S. dollars in 2022, continued online shopping preference will drive growth to as much as 60 billion U.S. dollars in 2030. Meanwhile, online travel reflected sluggish growth between 2019 and 2021 due to the impact of the COVID-19 pandemic.
Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector
(in billion U.S. dollars)
Characteristic
e-Commerce
Transport & food
Online travel
Online media
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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.
Figures prior to 2021 came from earlier reporting.
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Google, & Temasek Holdings. (November 1, 2023). Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/
Google, und Temasek Holdings. "Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector (in billion U.S. dollars)." Chart. November 1, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/
Google, Temasek Holdings. (2023). Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/
Google, and Temasek Holdings. "Gross Merchandise Value of The Digital Economy in The Philippines from 2019 to 2022, with a Forecast for 2023, 2025, and 2030, by Sector (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Nov 2023, https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/
Google & Temasek Holdings, Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/ (last visited July 22, 2024)
Gross merchandise value of the digital economy in the Philippines from 2019 to 2022, with a forecast for 2023, 2025, and 2030, by sector (in billion U.S. dollars) [Graph], Google, & Temasek Holdings, November 1, 2023. [Online]. Available: https://www.statista.com/statistics/1225744/philippines-online-sector-gross-merchandise-value-by-sector/
