News » BPO placed under ICT subsector in new GDP computation

BPO placed under ICT subsector in new GDP computation

The business process outsourcing (BPO) sector will be placed in the new Information Communication Technology (ICT) subsector under the Services sector in the computation of the Philippines’ gross domestic product (GDP), as per a recent statement from the Philippine Statistics Authority. The ICT subsector is one of the six to seven new subsectors to be added under Services in the GDP estimates to be released in May 2020.

The change is expected to better reflect the performance of BPO operations, health, and education, according to National Statistician Claire Dennis S. Mapa. The Services sector currently has six subsectors: Transport, Storage, and Communication; Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; Financial Intermediation; Real Estate, Renting, and Business Activities; Public Administration and Defense, Compulsory Social Security; and Other Services.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.