Declared an autonomous commonwealth in 1935. From 1944 to 1945, the U.S. and Filipino militaries united to fight the Japanese who had taken over the islands, and in 1946, the islands became sovereign. In 1986, Ferdinand MARCOS, who had governed the islands for 20 years, was forced into exile and was replaced by Corazon AQUINO, who in turn was unable to bring political steadiness in the country. Fidel RAMOS, president in 1992, was able to bring some solidity to the country as well as some economic reforms. In 1998, Joseph ESTRADA was chosen for office but was expelled and replaced by Gloria MACAPAGAL-ARROYO, who in 2004 was elected for another six years. Communist insurgents and Muslim separatists threaten the state.
Capital City: Manila (+8 GMT)
Chief of State: President Gloria MACAPAGAL-ARROYO
Head of Govt.: President Gloria MACAPAGAL-ARROYO
Currency: Philippine peso
Main Cities: Davao City, Cebu City
Major Languages: Filipino, English
Calling Code: 63
Voltage: 110/220V
Stock Exchanges: Philippine Stock Exchange
Primary Religions: Roman Catholic
Main Airports
Mactan International Airport (CEB) (Cebu Island), Ninoy Aquino (MNL)
U.S. Embassy
Capital City: Manila (+8 GMT)
Chief of State: President Gloria MACAPAGAL-ARROYO
Head of Govt.: President Gloria MACAPAGAL-ARROYO
Currency: Philippine peso
Main Cities: Davao City, Cebu City
Major Languages: Filipino, English
Calling Code: 63
Voltage: 110/220V
Stock Exchanges: Philippine Stock Exchange
Primary Religions: Roman Catholic
Main Airports
Mactan International Airport (CEB) (Cebu Island), Ninoy Aquino (MNL)
U.S. Embassy
1201 Roxas Boulevard, Manilatel. (63)(2) 528-6300http://manila.usembassy.gov/
Statistics
GDP: purchasing power parity:
$451.3 billion (2005 est.)
GDP - real growth rate:
5.1% (2005 est.)
GDP - per capita: purchasing power parity:
5,100 (2005 est.)
Inflation rate (consumer prices):
7.6% (2005 est.)
Labor force:
36.73 million (2005 est.)
Exports:
$41.25 billion f.o.b. (2005 est.)
Exports - partners:
US 18%, Japan 17.5%, China 9.9%, Netherlands 9.8% Hong Kong 8.1%, Singapore 6.6%, Malaysia 6%, Taiwan 4.6% (2005)
Imports:
$42.66 billion f.o.b. (2005 est.)
Imports - partners:
US 19.2%, Japan 17%, Singapore 7.9%, Taiwan 7.5%, China 6.3%, South Korea 4.8%, Saudi Arabia 4.6%, Hong Kong 4.1% (2005)
Population:
89,468,677 (July 2006 est.)
Population growth rate:
1.8% (2006 est.)
Population Below Poverty Line:
40% (2001 est.)
Major Industries:
electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
Employing Workers: 118*
Registering Property: 98*
Enforcing Contracts: 59*
Closing a Business: 147*
*2006 World Bank rank out of 175 countries
Statistics
GDP: purchasing power parity:
$451.3 billion (2005 est.)
GDP - real growth rate:
5.1% (2005 est.)
GDP - per capita: purchasing power parity:
5,100 (2005 est.)
Inflation rate (consumer prices):
7.6% (2005 est.)
Labor force:
36.73 million (2005 est.)
Exports:
$41.25 billion f.o.b. (2005 est.)
Exports - partners:
US 18%, Japan 17.5%, China 9.9%, Netherlands 9.8% Hong Kong 8.1%, Singapore 6.6%, Malaysia 6%, Taiwan 4.6% (2005)
Imports:
$42.66 billion f.o.b. (2005 est.)
Imports - partners:
US 19.2%, Japan 17%, Singapore 7.9%, Taiwan 7.5%, China 6.3%, South Korea 4.8%, Saudi Arabia 4.6%, Hong Kong 4.1% (2005)
Population:
89,468,677 (July 2006 est.)
Population growth rate:
1.8% (2006 est.)
Population Below Poverty Line:
40% (2001 est.)
Major Industries:
electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food processing, petroleum refining, fishing
Employing Workers: 118*
Registering Property: 98*
Enforcing Contracts: 59*
Closing a Business: 147*
*2006 World Bank rank out of 175 countries
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