- AI could contribute an additional 1.8 trillion pesos (~$31 billion) to the Philippine economy, equivalent to a 7% increase in Gross Value Added (GVA).
- Average labor productivity could increase by 110,000 pesos/year (~$2,000), while reducing 3 hours of administrative work per week, helping to increase wages by over 6%.
- Approximately 37% of the workforce could be directly supported by AI.
- The wholesale and retail sector could see an increase of 410 billion pesos (~$7.2 billion), or 9% of its GVA, thanks to AI-optimized advertising and customer care.
- The finance and insurance industry could grow by an additional 300 billion pesos (~$5.2 billion), a 12% increase in GVA, through fraud detection and improved products.
- Public administration and defense could benefit by 109 billion pesos (~$1.9 billion), a 9% GVA increase, by optimizing services and personalizing interactions.
- Enhanced digital access could add another 37 billion pesos to AI’s overall impact.
- AI could reduce costs from cybercrime and fraud by 50% (180 billion pesos).
- Agriculture could increase productivity by 120 billion pesos by 2035 through satellite imagery, weather forecasting, and farm sensors.
- 50% of Filipinos use AI weekly in their personal lives, and 76% have used or will use it for work in the next 12 months.
- 87% are interested in using AI to learn new skills; 88% are willing to participate in AI training.
- The young workforce (median age 26) has a high AI adoption rate, helping to drive the digital transformation process.
📌 AI could help the Philippines grow by 1.8 trillion pesos, equivalent to 7% of GVA, with the strongest impact on wholesale and retail (410 billion pesos) and finance and insurance (300 billion pesos). Additionally, AI could reduce fraud costs by 180 billion pesos, increase agricultural productivity by 120 billion pesos, and 50% of the population already uses AI weekly, demonstrating rapid adoption among the young workforce.
