MANILA, March 24 (Xinhua): The Philippines' creative economy in 2022 amounted to 1.60 trillion pesos (US$29.5 billion), contributing 7.3 per cent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) has announced.
This represents an increase of 12.1 per cent over the previous year, the agency said.
Of the creative industries, the PSA said symbols and images and other related activities had the highest share of 32.9 per cent to the total creative economy in 2022.
Advertising, research and development, and other artistic service activities contributed 20.8 per cent, while digital interactive goods and service activities shared 20.3 per cent, according to the PSA.
In 2022, there were 6.98 million Filipinos employed in creative industries, increasing by 10.5 per cent over the previous year, the agency said.
It added employment in traditional cultural expression activities recorded the highest share of 42.5 percent, followed by symbols and images and other related activities at 24.8 percent and advertising, research and development, and other artistic service activities at 18 per cent. - Xinhua