The Philippine digital economy is projected to reach $20 billion by the end of 2022, an economic report on Southeast Asia said.
Specific sectors of the country’s digital economy are also projected to enjoy significant growths in 2022, namely: transport and food delivery , travel , online media , and digital financial services . “The Philippines has the fastest growing digital investments sector this year in SEA, at 63 percent growth rate from 2021 to 2022,” the report said.
“The Philippine digital economy remains resilient despite headwinds and continues to provide boundless opportunities,” said Bernadette Nacario, Country Director of Google Philippines. For his part, Trade Secretary Alfredo Pascual said the report shows “that the digital future of the Philippines is bright as it has the fastest growing digital investments sector this year in the region.”
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