The Philippine digital economy sustains momentum as preliminary figures from the Philippine Statistics Authority (PSA) estimate Gross Value Added (GVA) of digital transactions at PHP 2.25 trillion (~USD 39 billion) in 2024, recording an increase of 7.6% from 2023 (PHP 2.09 trillion, or equivalent to USD 36 billion), and representing 8.5% of Gross Domestic Product (GDP).