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The relations between the two countries have been cordial, though the full potential is yet to be realized. It would be fair to say that despite several shared values and commonalities, such as anti-colonialism, South-South cooperation, a strong democratic polity, an independent judiciary and press, and the wide use of the English language, relations between the two countries have been relatively unexplored and reflects a lack of informed knowledge about one another.

The Philippines moved up in the World Competitiveness Yearbook, now ranking 38th out of 60 countries its best performance since 2009. On the other hand, the country also moved up 6 notches in the Global Competitiveness Index of the World Economic Forum, with a ranking of 59 out of 148 countries. The Philippines ranks 108th (out of 189 countries) in the overall “Ease of Doing Business” table of the 2014, Ease of Doing Business Report of the World Bank


At a Glance:



Country Name



Republic of the Philippines















Government type      






Administrative divisions



80 provinces and 120 chartered cities



National Holidays    



Independence Day, 12 June and 4 July



Fiscal year    



Calendar Year






Peso (PHP)






Benigno AQUINO (since 30 June 2010)






107,668,231 (July 2014 est.)



Net migration rate



-1.23 migrant(s)/1,000 populations (2014 est.)



GDP (purchasing power parity)



$692.2 billion (2014 est.)



GDP- composition by sector   



Agriculture: 11.3%                                                                      Industry: 31.2%

Services: 57.4 % (2013 est.)



Agriculture- Products



Sugarcane, coconuts, rice, corn, bananas, cassavas, pineapples, mangoes; pork, eggs, beef; fish






Electronics assembly, garments, footwear, pharmaceuticals, chemicals, wood products, food  processing, petroleum refining, fishing  



Major Exports


Semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, fruits



Major Exports- Partners 



Japan 22.5%, US 14%, China 12.1%, Hong Kong 9%, France 4.3%, South Korea 4.1% (2014 est.)



Major Imports



Electronic products, mineral fuels, machinery and transport equipment, iron and steel, textile fabrics, grains, chemicals, plastic



Major Importers – Partners



China 15%, US 8.7%, Japan 8.1%, South Korea 7.8%, Singapore 7%, Taiwan 6.8%, Thailand 5.3%, Saudi Arabia 5%, Malaysia 4.8%, Indonesia 4.7%, France 4.2% (2014 est.)



Natural resources



Timber, petroleum, nickel, cobalt, silver, gold, salt, copper






Filipino (official; based on Tagalog) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan



Ethnic groups   



Tagalog 28.1%, Cebuano 13.1%, Ilocano 9%, Bisaya/Binisaya 7.6%, Hiligaynon Ilonggo 7.5%,  Bikol 6%, Waray 3.4%, other 25.3% (2000 census)






Tropical marine; northeast monsoon (November to April); southwest monsoon (May to October)






Southeastern Asia, archipelago between the Philippine Sea and the South China Sea, east of  Vietnam