The AI Opportunity in the Philippines.

AI is set to redefine the Philippines’ economic landscape, offering new opportunities in business, industry, and digital connectivity. Our new factsheet estimates AI could boost the value of the Philippines’ economy by ₱1.8 trillion (US$31 billion), a 7% increase in GVA.

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Here are four opportunities from AI we looked at in the Philippines:

Wholesale & retail.

AI can help merchants create smarter ads, respond to customers faster, and export more easily across languages, supporting ₱410 billion (US$7.2 billion) in additional value, a GVA increase of 9%.

Finance & insurance.

From fraud detection to better risk modelling, AI could add ₱300 billion (US$5.2 billion) to the finance and insurance sector, a GVA increase of 12%.

Boosting the productivity of workers.

AI can save the average worker 3 hours per week on admin, enabling more creative, higher-value work, with potential wage uplifts of 6%+ and productivity gains of ₱110,000+ (US$2,000) per worker each year.

Safer, smarter public services.

AI can help cut over half of cyber-crime and fraud costs (around ₱180 billion; US$3.2 billion), and lift public-sector productivity by 5% over five years. It also enables precision farming that could add ₱120 billion (US$2 billion) a year to agriculture by 2035.