Philippines
The Philippines (officially called the Republic of the Philippines) is an island nation in Southeast Asia.
Content |
Main article: Countries of the world
Population
Population
2022:113 million people
Migration
2021: Net outflow over 4 years
Son
2018: Average sleep duration 6 hours 37 minutes
US military bases
2023: Philippines pinpoints location of four new U.S. military bases
On April 3, 2023, the Philippines identified the location of four new military bases to be accessed USA as part of an expanded defense agreement that analysts say aims to combat. China
The four bases include three on the main island of Luzon, near Taiwan, and one in Palawan Province in the South China Sea.
The new locations, opened as part of the 2014 Expanded Defense Cooperation Agreement (EDCA), will allow the U.S. to rotate troops at nine bases in the Philippines, including the strategically important Balabac Island, located near Chinese facilities in the South China Sea.
Economy
GDP
2022
Philippines share of global PPP GDP exceeds 0.71%
Main article: World Economy
GDP size forecast - $0.41 trillion
2021: GDP size - $0.39 trillion
National debt
2023: State debt - 58% of GDP
Inflation
2024: 3.9% in May
Power
2020: Low per capita energy consumption
andForeign trade
2024: China is the main export destination
2023: World number 2 rice importer - 3.8 million tonnes
2022: China is the biggest export destination
Unemployment
2020: Unemployment rate - 10.4%
Incomes of the population
2023: Minimum wage - $141
R&D
2020: R&D expenses - $887 million
Banking system
Main article: Central Bank of the Philippines (Bangko Sentral ng Pilipinas)
Electronic Payment Systems of the Philippines
2020:33% of Internet users prefer cashless payment
Tax system
Philippines introduces 12% additional tax for foreign Internet services
On October 2, 2024, Philippine President Ferdinand Marcos Jr. signed a law providing for the introduction of a 12 percent value added tax (VAT) for foreign digital services. We are talking about search engines, online stores, cloud platforms, online media, etc. Read more here.
Investments
2023: Abandonment of Chinese investment in rail construction
A few days after the collision of Chinese and Philippine ships in the disputed water area of the South China Sea in November 2023, the Philippine Department of Transport announced the rejection of Chinese investments in three railway construction projects. In fact, this can be considered the beginning of Manila's withdrawal from the PRC's Belt and Road Initiative.
The main reason for refusal is the lack of progress in the development of logistics. According to the Philippine government, China is not interested in building railways in the country, and therefore Manila needs new sources of funding. However, perhaps the reason lies in another.
When the country entered Belt and Road, the president of the Philippines was Rodrigo Duterte, remembered for deepening relations with the PRC and distancing himself from the United States. An unspoken condition for obtaining Chinese investment was concessions to China in the South China Sea, and the Duterte administration, although not fully, provided them.
By 2023, the situation has changed - under the new President Ferdinand Marcos Jr. in the Philippines, they began to actively develop a narrative about the infringement of national interests by China.
The coming of Marcos Jr. to power marked a return to active support for territorial claims, which means the rejection of Chinese investment, although not in all sectors, but what happened will clearly undermine the influence of the PRC in the country.
The main beneficiaries of the measures taken were Britain the United States, which had previously allowed the development of the logistics infrastructure of the Philippines-controlled China, and now switched the implementation of these tasks to other allies, Rybar wrote. Philippine authorities are already considering new lenders for projects, including,, and other South Korea Japan EU countries, saying they have much better credit conditions than they do. China
Agriculture
2019: Low use of pesticides in agriculture
Consumption
Meat
2023: Fish consumption is higher than meat consumption
Education
2019: Number of years of education by citizens over 25
Culture
Language
2022: Number of English speakers - 70.4 million
Health care
Main article: Health care in the Philippines
Crime
2023: Thousands of cyber slaves found in Philippines
On June 27, 2023, Philippine police, with the support of special forces, conducted a large-scale raid, during which thousands of cyber slaves were released. Read more here.
Prisons
2019: The minimum age for children to be jailed is 15
2021: Number of prisoners - 215,000
2018: Number of prisoners per 100 thousand citizens
Communication
Main Article: Communications (Philippine Market)