Republic of the Philippines

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Basic Socio-Political Economic Facts
Official Name Republic of the Philippines
Area 300,000 sq km (115, 830 sq miles) spread over 7,101 islands
Population 100.98 million (As of August 2015)
Capital Manila
Local Time GMT+ 8 hours
People Filipinos are predominantly of Malay descent, although many have mixed ancestry such as Chinese and Spanish
Languages Filipino (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 and 74 years for women (UN, 2008)
Monetary Unit Philippine peso (with multi-currency acceptance for local transactions)
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/Organizations 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
Source: Philippine Statistical Agency (PSA)
Macro-Economic Figures
Population (As of August 2015) 100.98 Million
Inflation Rate (As of June 2016) 1.90%
GDP (As of 1st Qtr 2016) 6.90%
GNI (As of 1st Qtr 2016) 7.80%
Total Exports (As of May 2016) $4.71 Billion p
Total Imports (As of May 2016) $6.74 Billion p
Per Capita Poverty Threshold (As of 1st Semester 2015) 10,969
Employment Rate (As of April 2016) 93.90% p
Unemployment Rate (As of April 2016) 6.10% p
Underemployment (As of April 2016) 18.40% p
Labor Force Participation Rate (LFPR) (As of April 2016) 63.60% p
Source: Philippine Statistical Agency (PSA) p – preliminary
Sector No. of Projects Indicative Cost in PHP Billion Indicative Cost in USD Million
Transportation – Rail 8 687.635 15.28
Transportation – Airport 10 131.522 2.90
Transportation – Port 5 18.99 0.42
Transportation – Others 7 25.832 0.57
Highways 12 227.990 5.07
Health 4 5.690 0.13
Education 3 20.140 0.45
Water 2 43.120 0.96
Justice/Corrections 1 50.180 1.12
Energy 2 To be determined (TBD) TBD
Information Technology 3 1.161 0.026
Property Development 2 TBD TBD
Environmental 1 TBD TBD
Agriculture 1 TBD TBD
TOTAL 61 1,212.26 26.94