The Philippine comprises of 7,107 islands in the western Pacific Ocean, sharing maritime borders with Indonesia, Malaysia, Palau, the Republic of China (Taiwan), and Vietnam. The Philippines is the world's 12th most populous country with a population approaching 90 million people. Its Capital city is Manila.
The Philippines is a newly industrialized country with an economy anchored on agriculture but with substantial contributions from manufacturing, mining, remittances from overseas Filipinos and service industries such as tourism and, increasingly, business process outsourcing. The main industries are electronics components assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining and also some fishing. Philippines ranked at 66th in terms of oil reserves. The total export in 2007 is around USD 49 billion whilst total imports are around USD 57 billion.
- GDP growth rate - 7.3%
- Unemployment rate - 7.3%
- Inflation rate - 7.3%
are semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil and fruits.
are the electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals as well as plastics.
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