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Welcome to the Philippines
Welcome to the Philippines
Located in Southeast Asia, the Philippines is a land full of opportunities and a frenetic social and economic pace. With more than 7,000 islands, it is a world-class tourism destination and boasts a diverse and colourful culture.
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Area
298.170 km²
1.830 km² (0,61%)
Population
109.035.343
336/km2
Principal ethnic groups
24%
11%
10%
Religion
79,5%
6%
2,6%
Economics
332,8 million USD
2.920 euros
Distribution of GDP
8,2%
29,6%
62,2%
Exports (2021)
15,9%
15,5%
9,5%
Imports (2021)
22,7%
9,5%
7,7%
Top Industries
The Philippines is considered by IMF a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on services and manufacturing. Business activities are buoyant with notable performance in the services sector including business process outsourcing, real estate, tourism, and finance and insurance industries.
The first on the list of these sunrise industries is the information technology (IT) and business processing management (BPM) sectors. According to the 2022 report by the CB Richard Ellis Group (CBRE), the Business Process Outsourcing (BPO) sector continues as the main driver for investment. Over one million Filipinos are employed by BPOs generating roughly 11% of the country’s GDP and it is estimated that 1.5M new jobs will be created next year by the BPO sector.
