PH offshoring to hit $61B by 2030, create 1M jobs

The Philippine offshoring industry is poised for substantial growth, projected to reach $61 billion by 2030 and generate close to a million skilled jobs.

This significant expansion represents a 69 percent increase from its current contribution of $36 billion to the Philippine economy.

The offshoring sector's share of the country's gross domestic product is expected to rise from 8.23 percent to 10.14 percent by the end of the decade.

The research highlights a global shift in offshoring strategies, moving beyond cost-saving to focus on building capability, quality, and resilience by leveraging skilled international talent.

This evolving strategy is driving international companies to establish operations in the Philippines to access a professional workforce.

Phill Brown, head of market intelligence at Robert Walters, emphasized the scale of the projected $61 billion contribution, noting it is more than triple the Philippines' annual education budget.