he latest e-Conomy SEA report released on Tuesday, Nov. 3, by Google, Temasek, and Bain & Company also projected that the country's digital economy could expand to as much as $157 billion by 2035.
In the latest Google study, the Philippines has been identified as the fastest growing digital economy in Southeast Asia (SEA) for 2024, reaching approximately $31 billion in gross merchandise value (GMV).
This year’s e-Conomy SEA report from Google, Temasek and Bain & Company, said the Philippine digital economy is set to continue its double-digit growth by 2025, making the Philippines one of the fastest-growing digital economies in Southeast Asia.
The sixth edition of the e-Conomy Southeast Asia (SEA) Report from Google, Temasek, and Bain & Company has revealed that the Philippines is now the fastest growing digital market in Southeast Asia, driven by e-commerce and food delivery services.
