In a study, the University of Asia and the Pacific (UA&P) found that Grab managed to contribute an average of 0.07 to 0.3 percent to the economy—measured as gross domestic product (GDP)—between 2019 and 2021.
UA&P program coordinator for entrepreneurial management Gregorio Mabbagu said the app chipped in between P37 billion and P165.6 billion to GDP during the period.
Also, Mabbagu said Grab produced a multiplier effect of 3.42 times between 2019 and 2021, beating other transport units like road freight and bus lines. This means that for a every P100 spent on the platform, the economy receives an extra P342 in output.
This story is from the March 13, 2024 edition of The Philippine Star.
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This story is from the March 13, 2024 edition of The Philippine Star.
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