The rapid growth of E-commerce or electronic commerce is changing the

way firms do business. It also has wider implications for economic

growth, employment and the nature of future jobs.
According to the projections in the paper, total e-commerce related
revenues as of 2005 would account for about 1% of (nominal) GDP,
contributing up to 8% of GDP in the Philippines. The paper points out
that the steady increase in the contribution of e-commerce to GDP
growth suggests that e-commerce will play a more important role in
future Philippine growth.