Philippine digital economy to hit $42 billion as AI use grows | Back End News
Source: Back End News
Published on: 2026-11-03 15:09
The total value of transactions in the Philippines' digital economy is expected to reach $42 billion in 2026, up 15% from $36 billion last year. Growth comes as more people shop, book trips, and use media services online, while artificial intelligence (AI) use also expands. The 11th annual e-Conomy SEA report by Google, Temasek, and Bain & Company found that 42 million Filipinos now use generative AI (GenAI), which creates text, images, and other content. The report, titled "Building the Intelligent Economy," projects that the country's digital economy could reach $157 billion by 2035. "Filipinos are embracing AI quickly, with 53% of the working population already using GenAI. But we are still early in the journey, and there is significant headroom for growth," said Bennett Aquino, partner, Bain & Company. Filipinos send 55 billion questions and requests to AI tools each year. Around ...
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