The Philippine digital economy is equivalent to 2.5% of gross domestic product, trailing the region's leading economies such as Taiwan (6.1%), South Korea (5.8%), and Singapore (5.4%), according to a policy brief from the Asian Development Bank (ADB) reported by BusinessWorld.
The ADB noted that advanced economies tend to derive greater value from the digital economy, which helps explain why the Philippines lags wealthier neighbors. The policy brief said these variations highlight how digital transformation contributes unevenly to economic output across Asia.
For the Philippines, the figures suggest the digital economy remains a modest share of overall output despite growth in e-commerce and digital services. The ADB's measurements provide a baseline for tracking how the sector evolves as the government pushes for greater digital adoption.