Targeted Industries
- Exporting
- Light to medium non-polluting manufacturing
- Support (warehousing, engineering, research, commercial and utilities and services)
| Country Profile | |
|---|---|
| Official Name | Republic of the Philippines |
| Area | 300,000 sq km (115,830 sq miles) spread over 7, 101 islands |
| Population | 92.23 million (2009 census estimate) |
| Capital | Metropolitan Manila |
| Local Time | GMT +8 hours |
| People | Filipinos are predominantly Malay descent, although many have mixed ancestry such as Chinese and Spanish |
| Languages | Pilipino (derivative of Tagalog) and English are official languages, including some 150 more native languages, vernaculars, and dialects |
| Prevailing Religions | Roman Catholic (83%), Protestant Denominations (8%), Muslim (4.6%), Iglesia ni Cristo (2.3%) |
| Estimated Average Life expectancy | 70 years for men, 74 years for women (UN, 2008) |
| Monetary Unit | Philippine Peso (with multi-currency acceptance for local transaction) |
| Government | Presidential (executive) with Bicameral Congress and independent Judiciary |
| Head of State and Head of Government | President (also Commander-in-Chief of Armed Forces) |
| Membership of International Grouping / Organization | United Nations (UN), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Asian Development Bank (ADB), World Trade Organization (WTO), World Bank (WB), International Monetary Fund (IMF), International Atomic Energy Agency (IAEA), International Labor Organization (ILO), Inter-Parliamentary Union (IPU), with evolving diplomatic and economic engagements |
| GDP Per Capita (at PPP) | US$ 3,300 |
| Statistical Figures | |
|---|---|
| Population (May 2010) | 92.34M |
| Population (Aug 2007) | 88.55M |
| Inflation Rate (Aug 2015) | 0.6% |
| Total Exports (Jul 2015) | $5.33B |
| Total Imports (Jun 2015) | $5.92B |
| Balance of Trade (Jun 2015) | $-554.79M |
| Employment Rate (Jul 2015) | 93.5% |
| Unemployment Rate (Jul 2015) | 6.5% |
| Uderemployment Rate (Jul 2015) | 21.0% |
| LFPR (Jul 2015) | 62.9% |
| Simple Literacy (2000) | 92.3% |
| Functional Literacy (2008) | 86.4% |
| Average Family Income | P235,000 |
Labor Cost & Human Resources
The Philippines has highly competitive labor costs, manpower quality and availability, and one of the highest literacy rates in the region. Its workforce is educated, highly trainable and English-speaking. It also has a large manpower pool of computer literate and technically-skilled workers