Flag of the Philippines
Official logo of the Philippines
Republic of the Philippines
Currency: Philippine Peso
Population: 96.71 million (as of 2012)
Located in the western Pacific Ocean, The Philippines is an archipelagic country, consisting of 7107 islands, and is divided into 3 regions; Luzon, Visayas and Mindanao.
Major Cities: Manila, Cebu, Davao and Zamboanga
Total Area: 299,764 sq mi
Government type: Democratic Republic
President: Benigno Simeon "PNoy" Aquino III
National Anthem: Lupang Hinirang
Ranked as 12th most populous country in the world, with an estimate number of population at 97.48 million in 2013.
Considered as one of the best performing economies in Southeast Asia in 2013.
Its gross domestic product (GDP) amounted to $254.62 billion in 2012, and it increases up to 7% each year.
The country’s economic system remains balanced and is reasonably doing well despite the issues that has been tackling.
The country’s exports are rich and vary from different sectors; agriculture, chemicals, electronics, furniture, machinery, minerals and woodcraft.
It attracted $2.8 billion Foreign Direct Investment (FDI) in 2012, amounting to 54% from last year. It is a challenge for the Philippines to attract more FDI.
The country’s BPO gained $13 billion in revenues, that is equivalent to 5.2% of GDP.
Manila ranked as the world’s third largest BPO destination in 2013 along with Cebu, which is another BPO destination in the country, ranked as 8th in the survey (Tholons).
Member of the following International Organizations
Asian Development Bank (ADB)
Asia Pacific Economic Cooperation (APEC)
Association of South East Asian Nations (ASEAN)
Group of 24 (G24)
Group of 77 (G77)
International Labor Organization (ILO)
International Monetary Fund (IMF)
International Organization for Migration (IOM)
United Nations (UN)
United Nations Economical, Scientific and Cultural Organization (UNESCO)
World Health Organization (WHO)
World Trade Organization (WTO)
Source: Oxford Business Group, World Bank, Index Mundi, Travelling the Philippines, NSCB, Central Intelligence Agency, UN Data