The Philippines now holds the world’s highest e-games GDP contribution, according to a new report from Maybank Investment Banking Group. The local gaming industry made up 0.68 percent of the country’s gross domestic product in 2023. This figure places the Philippines ahead of global tech and gaming giants like China, the United States, and South Korea.
Maybank attributed this growth to the rise of e-sports, online content creation, and the expanding base of streamers and gamers in the country. Filipino gamers have embraced digital platforms at a rapid pace. As a result, the sector has surged ahead of traditional entertainment industries.
In comparison, China’s e-games GDP contribution stood at 0.48 percent. The United States followed closely at 0.42 percent. Meanwhile, South Korea posted 0.36 percent. This gap highlights how the Philippine e-games sector is outperforming more mature markets.
Maybank’s report further emphasized the importance of e-games as a legitimate economic driver. It noted that digital consumption trends and widespread smartphone use have transformed casual gaming into a serious revenue stream. Filipino youth, in particular, have turned gaming into both a hobby and a profession. This shift has contributed significantly to national income.
In addition, the country’s tech-savvy population, affordable internet, and mobile-first habits create ideal conditions for e-gaming to flourish. More importantly, local content creators now generate income through multiple platforms such as YouTube, Facebook Gaming, and TikTok. These creators attract both domestic and international audiences.
However, Maybank warned that sustained growth depends on support from infrastructure and regulation. The firm pointed out the need for better broadband access, secure payment systems, and a policy environment that promotes innovation while protecting players.
As Southeast Asia’s digital economy continues to evolve, the Philippines has clearly staked its claim as a regional gaming powerhouse. The country’s leadership in e-games GDP contribution reflects not just passion but also potential. Moving forward, all eyes will be on how the local industry scales responsibly—and how it maintains its global lead.
