Philippines

The Philippines is a country in Southeast Asia. It consists of more than 7,000 islands in the Pacific Malay Archipelago. The largest of them - Luzon and Mindanao, Samar, Panay, Palawan, Negros, Mindoro, Leyte, Bohol, Cebu.

The country is a presidential republic with a two-chamber parliament and an independent judiciary. The state gained its final independence in 1946. The official language is Tagalog.

The population of the Philippines is 101,562,306 people as of 2015 (12th in the world), of which 65% are urban.

It is the 33rd economy in the world. According to the IMF, the Philippine GDP amounted to $310.3 billion in 2016. The country exports semiconductors, electronics, transport vehicles, clothing, copper articles, petrochemicals, coconut oil and fruits. The main trading partners of the Philippines are the USA, Japan, China, Singapore, South Korea, the Netherlands, Hong Kong and others.

The state is transforming from an agrarian economy to an economy based on production and services. There are approximately 40.813 million people of working age in the country with about 30% of them in agriculture. The manufacturing sector employs around 14% of workers contributing 30% to GDP. The service sector employs the 47% of labor force contributing 56% to GDP.

The national currency is the Philippine peso.

Information materials

Presentation of the Philippines: overview and proposals for investment and trade