[Area Guide] Philippines
The Philippines Basic Information
・Capital: Manila
・Aera 299,404 ㎢
・Currency Philippine peso (PHP)
・Language Official languages are Filipino and English. Approximately 80 different languages.
・Religion Catholic (Some are Muslim and Buddhism)
・Industry Agriculture (27% of the entire population)
In recent years, substantial growth appearing from the processing, service and outsourcing industries (56% of the entire population ) (January 2016)
・Population 103,796,832 (2017)
The Philippines is located in the Pacific Ocean and consists of 7101 islands. The nation is surrounded by various oceans such as: The South China Sea on the west, The Philippine Sea on the east and The Celebes Sea on the southwest. The Philippines shares maritime borders with Taiwan to the north, Vietnam to the west, Palau to the east and Malaysia and Indonesia to the south. It is a 4-hour flight from Japan and a 1 hour time zone difference.
The Southeast Asian country has various faces, such as Manila in the capital where you can taste Asia 's unique atmosphere and on the other hand the islands such as Cebu, famous for resort areas where beautiful white sand beaches spread.
In the Philippines, which was once a Spanish or American colony, there are places where historical buildings remain from its remnants. Numerous cultures such as European, American and Asian cultures all fuse in the small archipelago nation. As a result, the Philippines is the only Catholic nation in all of Southeast Asia. Also, as various ethnic groups are mixed, English is also widely used as the official language.
The Philippines is located just north of the equator, making it a very hot and humid all year round. The average temperature is 26.5 celsius.The rainy season is from June to November and the dry season is from December to May. However, there are clear climate differences between regions.
Population of The Philippines
In 2014, the population exceeded 10 million, which is the second most populated country behind Indonesia in ASEAN.
Population of Philippines
The population pyramid of the Philippines is formed by a beautiful triangle. The population of young labour is expected to increases substantially due to the high fertility rate and the average age being 23 years old.
Philippines Population by Age
Filipino Economy and Policies
After the independence from America, the Philippines has shown a substantial economic growth. From the 1950s to the 1960s, initially, the gross national income reached second in Asia just behind Japan. On the contrary, after 1965, no fulfilment of financial obligations was going to occur owing to the dictatorship of Ferdinand Marcos’ administration and corruptions, it was a hindrance in Asia from its economic slowdown.
However, the economy has recovered while the economic growth has been ranked highly consecutively in ASEAN since 2012. Due to the world financial crises, the economy dropped in 2009, but since 2012 it has been continuously growing. According to the speculation from a management consulting firm, AT Kearney, based on the increase in the working population in the Philippines (61% in 2010 to 64% in 2020), the nation was chosen as one of the six markets that will grow significantly by 2020.
Furthermore, the Philippines has advantages, such as the second largest population in ASEAN and English language skills. It is going to keep expanding its call centres and BPO industries. With the entry of foreign companies and massive exports, it is speculated to keep a stable growth.
The "Philippine Development Plan (2011-2016)" enacted under the Aquino regime, was aimed to solve the nation's problems such as infrastructure, deregulation, investment environment improvement, a generalization of compulsory education, the creation of jobs for poverty reductions etc.
Under the present Dutelte administration, the urban development continues to be focused on infrastructure development, national budget has been poured in, and the intention to expand infrastructure expenditure GDP ratio to 7% is indicated. Along with that, construction demand is expected to increase in the future while the improvement of the flow of people and goods is expected to boost economic growth.
The Philippines Property Investment
Even though foreigners are not allowed to own land in the Philippines, ownerships of condominiums and buildings on land are permitted. In the case of segmental ownership, over 60% has to be owned by Filipinos, whereas foreigners can only own 40%, so foreigners don’t have the right a whole condominium building.
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[Area Guide] Manila (Philippines)[Area Guide] Cebu (Philippines)[Area Guide] Cambodia