Our Mapped Future
e-Commerce Gross Value Forecasts vs GDP
The future of e-commerce depends on the concerted effort of major public and private stakeholders to implement and advocate for the strategic initiatives outlined in this roadmap.
- No Roadmap (Php 954 billion or Usd 19.1 billion by 2022) – Without collective effort towards achieving the roadmap initiatives, e-commerce can still grow more than 59% its current value by 2022, or an average of almost 30% every year. This growth will be propelled by the growing momentum towards digital trade of goods and services, heightened by the effects of the pandemic in the short-term.
- With Roadmap (Php 1.2 trillion or Usd 24.2 billion by 2022) – With the complete and timely adoption of this roadmap, e-commerce could double its current value and induce faster Philippine growth, potentially reaching Php 1.2 trillion or 11.4% of GDP by 2022.
- No Roadmap (Php 3.9 trillion or USD 77.8 billion by 2030) – Without collective effort towards achieving the roadmap initiatives, e-commerce can still grow 5.5 times its current value by 2030, or an average of 21% every year, contributing 8.5% of GDP by 2030.
- With Roadmap (Php 14.3 trillion or USD 285 billion by 2030) – Aggressive digitalization of government services and MSMEs, expansion of logistics and telecommunications infrastructure, the establishment of more integrated digital financial services, investment in innovation, and the pursuit of an enabling business environment will play a huge role in the advancement of both B2C and B2B components of digital trade. With all these factors in place, e-commerce could expand more than 22 times its current value, potentially reaching Php 14.3 trillion or 26% of GDP by 2030.
Gross Value of e-Commerce Forecasts and Targets