Tag: 2023
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PHL digital economy’s share to GDP dropped in 2023
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The digital economy’s annual contribution to the country’s economic output decreased as its growth slowed down in 2023, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the statistics agency showed the digital economy’s share to the country’s gross domestic product (GDP) went down to 8.4% last year…
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NCR economic output grew by 4.9% in 2023
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METRO MANILA’S economic output expanded by 4.9% in 2023, the slowest pace in two years, due to base effects and weaker output of key sectors, the Philippine Statistics Authority (PSA) said on Thursday. Preliminary PSA data on the latest regional accounts showed that the National Capital Region’s (NCR) economic growth…