The exports of ICT services in the Philippines are forecasted to rise steadily from $7.2278 billion in 2024 to $8.3313 billion by 2028. This indicates a positive trend driven by the country's growing digital services sector. Year-on-year growth rates reflect a consistent increase, with 3.9% growth between 2024 and 2025, 3.7% from 2025 to 2026, 3.5% from 2026 to 2027, and 3.4% from 2027 to 2028. The compound annual growth rate (CAGR) for the period 2024-2028 stands at approximately 3.6%. In 2023, the actual exports of ICT services were at $6.957 billion, showcasing a solid foundation for this forecasting period.
Future trends to watch for include advancements in digital infrastructure, increased foreign investments in ICT, and a push towards higher-value services such as data analytics and cybersecurity. The alignment of government policies to support ICT growth continues to be a critical factor to monitor.
