About Philippines
   
 
 
 
 
 
 
The Philippines  is an archipelago comprising 7,107 islands, located in the Southeast Asia in the western Pacific Ocean. The Philippines is divided into three main geographical divisions:  Luzon,  Visayas, and Mindanao. The capital city is   Manila. The country has an estimated population of about 92 million people, making it the world’s 12 th largest country in terms of population. An additional 11 million Filipinos stay abroad. The islands are characterized by multiple ethnicities and cultural diversities. The tropical climate in the region has made Philippines one of the richest areas of biodiversity.

Filipino and English are the official languages of the Philippines. The country maintains strong relationships with several major powers in the world, including the United States, Japan, Italy, Spain, Latin America, and the Middle Eastern countries including Egypt, Iran, Iraq, Libya, Saudi Arabia and the United Arab Emirates. There has been regular flow of workforce from Philippines to these countries, with an estimated two million overseas Filipinos living in the Middle East alone.

The Philippines was regarded as the second wealthiest in Asia in the 1960s; however, the country suffered largely owing to the slow economic growth following the Asian Financial Crisis. In 2004, the economy regained its growth and experienced the fastest pace of the growth in the three decades. Despite this, average daily income of 45 percent of population in the Philippines remains less than US$2. Major economic driving factors of Philippines currently are service industries such as tourism and business process outsourcing (BPO). The country is poised to grow as one of the Next Eleven economies in the next few years.

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